Bankrupt Alta Mesa Gets $310MM Bid
Alta Mesa Resources, Inc., the Houston-based energy company that filed bankruptcy in September 2019 , has received a $310 million bid for its assets from joint venture BCE-Mach III LLC. Continue Reading
This Isn’t Your Father’s Oil and Gas Rig Count
The industry’s advance beyond the rig count indicating production growth has complicated things for forecasters. Every Friday, the Baker Hughes oil and natural gas rig count gets released. This is Continue Reading
2020 Will Be A Crucial Year For Oil
It’s the start of a new year and a new decade, and the oil market is as unpredictable as ever. Will OPEC+ extend its cuts? Will U.S. shale finally grind Continue Reading
U.S. Shale Struggles To Ride Out The Storm
U.S. drilling activity continued to contract in the fourth quarter, and the sense of gloom among shale drillers in Texas remains palpable. The latest data from the Dallas Federal Reserve Continue Reading
The Biggest Wild Card In 2020 Oil Markets
Concern about global oil demand and OPEC+ production cuts are now part of the oil price landscape and few expect any surprises coming from these directions. There is, however, a Continue Reading
The Rig Count Collapse Continues Into The New Year
2020 is starting off with more rig losses, according to Baker Hughes, with the US oil and gas rig count falling by 9 rigs for the week. The total oil Continue Reading
US oil sector could face headwinds amid 2020 election uncertainty
Oil markets may be underestimating the risks to US production and export growth from the upcoming 2020 US presidential election, analysts told S&P Global Platts. Analysts expect that if a Continue Reading
Permian Pipeline Competition Heats Up
Five new oil pipelines are set to open in the Permian Basin through 2021, expanding a gap between production and takeaway capacity. (Bloomberg) — It’s gone from a dearth to Continue Reading
US Rig Count Drops by Nine
The U.S. closed out the first week of the new year dropping a total of nine rigs, according to data from Baker Hughes Company. The number of oil rigs declined Continue Reading
Oil rally unlikely to tempt more US E&P spending in 2020, experts say
Oil prices are the highest they have been in months, but that likely will not tempt most US upstream companies into spending more for 2020, according to two US shale Continue Reading