US Drillers Drop Five Rigs
The U.S. dropped five oil rigs and gained one gas rig for a net loss of four rigs this week. The U.S. dropped oil rigs for the third week in Continue Reading
Producing More with Less Cash and a Flat Rig Count
Senior economist for the Dallas Fed shares how oil and gas companies can spend less money, keep the rig count flat and grow production. How can oil and gas companies Continue Reading
Buffett’s Betting on Oil, and He’s Rarely Wrong
Sunset in the Permian Basin, the world’s #1 producing oilfield and the big prize in the Occidental/Anadarko deal. Getty I’ve long been a believer that there’s always opportunity in the Continue Reading
The Next Permian Takeover Target
Wood Mackenzie outlines the next most likely takeover targets in the Permian right now. The next most likely takeover target in the Permian right now is Endeavor Energy Resources, according Continue Reading
Analysis: US crude inventories jump on higher production, lower refinery runs
US crude inventories climbed 4.74 million barrels last week to 476.78 million barrels, with higher production and lower refinery runs helping to offset a decline in imports, US Energy Information Continue Reading
U.S. crude stocks highest since July 2017 on weak refining demand: EIA
U.S. crude oil inventories rose unexpectedly last week, hitting their highest levels since July 2017, due to weak refinery output, particularly in the Midwest, the Energy Information Administration said on Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending May 17, 2019 U.S. crude oil refinery inputs averaged 16.6 million barrels per day during the week ending May 17, 2019, Continue Reading
Natural Gas Prices In The Permian Flip Negative Again
Natural gas prices at the Waha hub in West Texas are negative again this week, for the first time since plunging to an all-time low of minus $4.28 per million Continue Reading
Occidental To Remove CO2 From Air, Use It To Boost Oil Recovery In The Permian
A subsidiary of Occidental and Canadian clean energy company Carbon Engineering are teaming up to build the world’s biggest Direct Air Capture (DAC) and sequestration facility in the Permian that Continue Reading
Top 2019 US Oil Stock Has No Permian Stake
This year’s top-performing U.S. oil producer doesn’t have any operations in the world’s fastest-growing shale play. (Bloomberg) — This year’s top-performing U.S. oil producer doesn’t have any operations in the Continue Reading