Our Blog
Permian’s Premium Prices
With oil prices less than half what they were two years ago, why are land prices in the Permian Basin of West Texas and Southeast New Mexico at record levels? A recent article in “World Oil” explains why. There are a number of reasons, some of which relate to the universal law of supply and… Read More
ARC’s Take on Oil
In my opinion, ARC Financial offers some of the most insightful analysis of what is going on in the oil and gas markets. To make it even better, they periodically publish a wealth of information in easy to understand charts with annotated observations. Recently I perused their August 30 issue and gleaned the following observations:… Read More
The Way Forward
John Hofmeister was the speaker at the recent Houston Chapter of the American Petroleum Institute (API) meeting at the Petroleum Club. Hofmeister is the former President of Shell Oil and is the current CEO of Citizens for Affordable Energy. His remarks dealt with how the industry got where it is, and how the U. S.… Read More
IEA Forecast
According to “World Oil”, the International Energy Agency (IEA) predicts that the global oil glut will continue longer than expected. In its most recent report, the agency anticipates stockpiles continuing to build through 2017 as demand growth slumps and several OPEC countries produce at or near record levels. The fall-off in demand in China and… Read More
Wood Mac’s Forecast
“Rigzone” reports that consulting group, Wood Mackenzie, sees the Permian Basin of West Texas and Southeast New Mexico as the marquee shale play of the future. As such, the area will have to assume a pivotal role in restoring shale oil production growth in the U. S. At first blush, one could ask “with a… Read More
