Our Blog
Cuts Not Enough
Writing in “Rigzone”, author Delia Morris contends that the extension of OPEC cuts of 1.8 million barrels of oil per day (bopd) is not deep enough to reduce the global glut and raise prices this year or next. Morris also cites weak demand, and consequently high inventories, of gasoline in the U. S. as a… Read More
Monitoring Oil Prices
Many oil and gas interest owners rely on the operator to sell their share of production for the best price available. However, since the volume produced, and realized price, are the main determinants of revenue, it is always a good ideMany oil and gas interest owners rely on the operator to sell their share of… Read More
Gas Supply Surge
Increased use of natural gas for power generation, pipeline sales to Mexico, and LNG (Liquefied Natural Gas) exports have all helped firm up natural gas prices. Investors responded by increasing drilling for gas and adding pipeline capacity in the Marcellus shale of Pennsylvania, Ohio and West Virginia, thereby increasing supply. Meanwhile, the oil boom in… Read More
Life Beyond the Permian
The theory is that when there is a limited supply and an ever-increasing demand, prices will increase as well. However, once prices reach a sufficiently high level, consumers begin looking for substitutes and competing products. This certainly appears to be the case with mineral rights in the Permian Basin of West Texas and New Mexico. … Read More
New Record?
Low economic break-even points and production cutbacks by OPEC, Russia, and their allies (N/OPEC) created the opportunity for other producers to increase output. Since the oil price collapse of 2014, we have learned that the surviving shale operators are resilient, resourceful, and quick to exploit an opening. Writing in “Oil Voice”, Julia Weiss with Norwegian… Read More
