Our Blog
“World Oil” U. S. Forecast
John Higgins, the publisher of “World Oil” magazine, was the speaker at the February meeting of the Houston Chapter of the American Petroleum Institute (API). Predictably, his comments were quite interesting and provocative. While they are not at great variance with what many other analysts have forecast, his are backed up by a wealth of… Read More
“World Oil” Natural Gas Forecast
John Higgins, the publisher of “World Oil” magazine was the speaker at the February meeting of the Houston Chapter of the American Petroleum Institute (API). Predictably, his comments were quite interesting and provocative. While they are not at great variance with what many other analysts have forecast, his are backed up by a wealth of… Read More
“World Oil” Crude Forecast
John Higgins, the publisher of “World Oil” magazine was the speaker at the February meeting of the Houston Chapter of the American Petroleum Institute (API). Predictably, his comments were quite interesting and provocative. While they are not at great variance with what many other analysts have forecast, his are backed up by a wealth of… Read More
Exxon Replaces Reserves
“Rigzone” reports that ExxonMobil Corp. slightly increased its proved oil and gas reserves in 2014. This is primarily attributable to successes in shale plays in the Permian Basin and the Kearl oil sands project in Canada. By adding reserves of 1.5 billion barrels of oil equivalent (boe), the company was able to replace 104% of… Read More
Record Drop in Oil Rig Count
“World Oil” reports that for a record eleventh straight week, the U.S. oil rig count dropped again last week to 1,019. Over this period 556 rigs have been idled, bringing the rig count to the lowest level since 2011. Gas rigs also decreased by 48 to 1,310. World-wide, the response to the collapse in crude… Read More
