Our Blog
IEA Update
“World Oil” reports that the International Energy Agency (IEA) now predicts global supply and demand being almost in balance by the end of this year. The current oversupply is much smaller than originally estimated, production is lower than anticipated, and demand stronger. The Agency now sees the global oil glut as about 40% smaller than… Read More
DUC to Come Online
There has long been speculation as to the crude oil price necessary for shale operators to frac drilled but uncompleted (DUC) wells, also known as the “fraclog”, and start drilling new wells. According to a recent article in “World Oil”, we now know the answer, at least for one company. With crude prices doubling from… Read More
Permian Sweet Spots
The Permian Basin has long been considered one of three biggest shale plays in the U. S., along with the Bakken in North Dakota and the Eagle Ford in South Texas. It now dominates the domestic rig count with more active rigs than the other major shale plays combined. A recent article in “Oil Voice”… Read More
New Market for Our LNG
With extensive reserves, prolific and flexible production, and depressed prices, domestic natural gas operators are aggressively seeking new markets. One new outlet is exports of LNG (liquefied natural gas). On April 26, a cargo of U. S. LNG was delivered to the Port of Sines in Portugal. Western Europe has the infrastructure to import, gasify… Read More
Implications of $50 Oil
Crude oil’s recent flirtation with $50 per barrel has raised hopes in the oil patch, but what does it really mean? According to a recent article in “World Oil”, the answer is not much. Oil prices have recently rallied largely due to falling supply. Rebels blew up pipelines in the Niger Delta, wildfires shut down… Read More
