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Price Retreat Possible
“Rigzone” reports that some industry analysts fear that the oil price recovery is running out of steam, and we might be faced with a reversal. In the first half of this year, falling domestic output, supply disruptions overseas, and rising demand enabled prices to flirt with $50. Now, as the U. S. rig count is… Read More
Rystad Energy’s Perspective
“Oil Voice” recently published an article by consulting group Rystad Energy in which the authors shared their perspective on the first half of 2016 and their forecast for the second. They note that when oil prices approached $50 per barrel in June, some operators immediately began activating rigs in the most prolific shale areas. Concho… Read More
Morgan Stanley’s Warning
When oil prices collapsed, rigs counts, and ultimately production, followed suit. “World Oil” reports that Morgan Stanley now warns that the reverse might be taking place. The investment banking firm cautions that as prices recover, rig counts and production will increase, threatening any price improvement. Adam Longson, who led the Morgan Stanley analysis, notes that… Read More
DJ Basin Acquisition
“World Oil” reports that U. S. Energy Corp., has agreed to buy 40% of Iron Horse Resources’ farmout to develop three core areas of the Denver Julesberg (DJ) basin’s Wattenberg field, in Weld County, CO. Under the terms of the agreement, U. S. Energy will acquire a working interest and commits to drilling 21 horizontal… Read More
GlassPoint Solar
In the year 2000, the World Economic Forum established its Technology Pioneers program to recognize those companies which had significantly impacted business and society through technological innovation. The focus has been specifically on the IT, health, energy, environment, food and financial services sectors. “World Oil” reports that GlassPoint Solar has been selected as this year’s… Read More
