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LNG Market
“Rigzone” reports that spot prices for liquefied natural gas (LNG) have risen by almost 50% since falling to a decade low in April. Prices had been plagued by oversupply, but production outages and unanticipated demand have driven them back up. However, analysts at Bloomberg predict that the market cannot sustain these prices for the long… Read More
Second Half, Second Thoughts
Many industry observers predicted that in the second half of 2016 prices would rise and oil companies would experience better times. However, according to an article in “Rigzone” many oil and gas operators are not betting on a rally. Last year, July was a brutal month with prices dropping 21% and some fear that history… Read More
Oversupply Redefined
The consensus in the oil industry has been that the global glut of crude has depressed prices. However, now that inventories are falling, so are prices. This seems contrary to the law of supply and demand. Is this a refutation of the longstanding relationship between the two? According to a recent article in “World Oil”,… Read More
LNG via Panama Canal
“World Oil” reports that the first cargos of U. S. origin Liquefied Natural Gas (LNG) will enter the Panama Canal this week. This is significant for several reasons. Exports of LNG will expand the market for domestic natural gas and help firm, or hopefully improve, prices. Also, with the expansion of the Panama Canal, LNG… Read More
Devon’s STACK Success
According to “World Oil”, the hits keep on coming for Devon Energy Corp. in Oklahoma’s STACK (Sooner Trend Anadarko Basin Canadian and Kingfisher Counties) play. The record setting Pony Express 27-1H well in Southwest Kingfisher County sustained production of 2,100 barrels of oil equivalent per day (boepd), 70% of which was oil. Now, the operator… Read More
