EIA Short Term Energy Outlook
The EIA’s Short Term Energy Outlook is out. The data is in million barrels per day. Not much has changed in the EIA’s projection since last month, however their projection Continue Reading
Short-Term Energy Outlook
Benchmark North Sea Brent crude oil spot prices averaged $47/barrel (b) in May, a $5/b increase from April and the fourth consecutive monthly increase since reaching a 12-year low of Continue Reading
The Epicenter of America’s Oil Bust Is Drawing Buyers
The vultures are descending on North Dakota. Investors hoping for a bargain are buying up oil and gas wells from cash-strapped operators in the state’s Bakken Shale, a bet they Continue Reading
An Oil Price Rebound Is Not Enough For The Bakken
At this point, Bakken barely remembers what a drill bit looks like, and the shale boom that once dug at its landscape is now a fleeting memory. Almost no new Continue Reading
‘We’re just not competitive’: Why the oil patch can’t cut its way to growth
No matter how much Canadian oil sands producers cut costs, John Stephenson argues it can never be enough. While the CEO of Stephenson & Co. noted some players in the Continue Reading
The Seneca Cliff of Oil Production
The concept of the “ Seneca Cliff ” seems to have gone mainstream. Below, it is mentioned in a recent post by Dennis Coyne on “peakoilbarrell” as an obvious concept. Continue Reading
Devon Energy to get nearly $1 billion from asset sales
U.S. oil and natural gas producer Devon Energy Corp ( DVN.N ) said it would sell assets in Texas for nearly $1 billion and that it was making progress on Continue Reading
Oil Near ‘Sweet Spot’ Puts U.S. Rig Count Back in Focus: Chart
The more the pound is rattled by public opinion, the more attention it gets from the rest of the world. Brexit Watch: The pound, the polls, and the probability of Continue Reading
North Dakota lost four rigs from last week
North Dakota energy trajectory shifted direction, losing rigs after showing a dramatic increase during the last week in May, state data for Monday show. North Dakota reports 25 rigs in Continue Reading
Why Oil Bears Are Still Wrong
Oil production is probably close to its peak level currently. At best supply can stay the same, but is more likely to drop. Global oil demand, though, has been growing Continue Reading