Drilling Productivity Report
New-well oil production per rig barrels/day New-well gas production per rig thousand cubic feet/day Region April 2016 May 2016 change April 2016 May 2016 change Bakken 757 767 10 957 Continue Reading
The Halliburton-Baker Hughes Merger is Falling Apart. What Happens Next?
The long wait is finally over; the U.S. Justice Department has announced it will sue to block the merger of Halliburton and Baker Hughes. This makes the merger much less Continue Reading
Sanders Wants Nationwide Fracking Ban
Saying it’s a danger to the air and water supply, Vermont Sen. Bernie Sanders upped his rhetoric on hydraulic fracturing Monday by calling for a nationwide ban on fracking. In Continue Reading
Natural Gas Production Is About To Plummet
Summary As one of the seven largest natural gas producing regions in the U.S., the Eagle Ford is a significant area to understand for natural gas-oriented investors. In this article, Continue Reading
Wells Fargo Misjudged the Risks of Energy Financing
At its annual investor conference in San Francisco in May 2014, with oil trading at $102 a barrel, Wells Fargo & Co. boasted that in just two years it had Continue Reading
Banks Face Massive New Headache on Oil Loans
J.P. Morgan Chase Chairman and CEO James Dimon in February called the unfunded loans are… The $147 billion question for banks: Will energy companies max out their credit lines? When Continue Reading
Exxon faces calls for climate change ‘stress test’
Dozens of investors are backing the call for ExxonMobil, the US oil group, to “stress test” the potential impact on its business of policies to address the threat of climate Continue Reading
Oil Halts Gains as Iraq Output Hits Record Before Freeze Meeting
Oil halted gains after the biggest jump in almost two months as Iraq said it raised output to a record ahead of talks between the world’s largest producers about freezing Continue Reading
Oil price dips on prospects for producers’ meeting
Oil prices slipped on Monday over worries that the result of next Sunday’s meeting of producers in Qatar aimed at freezing current output levels would fail to improve the current Continue Reading
Reports of Oil Rally’s Death Premature as Inventories Decline
Hedge funds betting that oil’s rally was over missed an 11 percent gain after U.S. crude inventories unexpectedly fell. Short positions in West Texas Intermediate crude jumped 35 percent in Continue Reading