Higher Prices To Help Oil Companies Refinance $400B In Debt
Oil and gas companies that took a lot of loans and issued five- and seven-year notes in the “exuberance” years before 2014 are likely to get more favorable terms from Continue Reading
Why Aren’t Permian Oil Producers Profitable?
The Wall Street Journal recently reported that only five of the Top 20 U.S. oil companies focused mostly on hydraulic fracking generated more cash than they spent in the first Continue Reading
Shell Starts Deepwater Gulf Of Mexico Oil Project Ahead Of Schedule
Shell said on Thursday that it had started early production at a deepwater subsea development in the U.S. Gulf of Mexico a year ahead of schedule and at a forward-looking, Continue Reading
Texas oil production higher, but data are mixed
Preliminary data on crude oil production from the shale basins in Texas show a moderate increase from last year, a state regulator reported. The Texas Railroad Commission, the state energy Continue Reading
Shale Surge Crashes Into Bottlenecks From Pipelines to Ports
The U.S. shale surge is crashing headlong into a barrage of bottlenecks. From West Texas pipelines to Oklahoma storage centers and Gulf Coast export terminals, the delivery system for American Continue Reading
Flip This Well: How Fracking Company CEOs Get Rich While Losing Billions
Last year the fracking company Halcón Resources announced a new strategy that was sold as the path to profits for the previously troubled shale oil and gas firm. The company Continue Reading
Bakken crude differentials soar on widening Brent-WTI spread
Bakken crude differentials for delivery in July rose sharply Wednesday to multi-month highs, flipping to a premium to the NYMEX WTI calendar-month average amid further widening Brent-WTI crude spreads, with Continue Reading
It’s Getting Tough for Smaller Drillers
Pipeline bottlenecks in the Permian Basin are hurting prices for cash-strapped producers Bob Watson said his company is in the process of selling its Eagle Ford land, which totals more Continue Reading
Russia has potential for oil output hike within months
Russia would be able to raise its oil output back to pre-cut levels within months if there is a decision to unwind the price-protection deal with OPEC and other producers, Continue Reading
Art Berman: Think Oil Is Getting Expensive? You Ain’t Seen Nothing Yet.
After issuing clear warnings on this program that sub-$50 oil prices were going to be short-lived, oil expert and geological consultant Art Berman returns to the podcast this week to Continue Reading