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Much Sound and Fury Signifying Nothing?
At least one industry observer sees the recent agreement to cut production as having “…no significant impact on the direction of oil markets in 2017 and beyond.” In a recent article in “Oil Voice”, author John Richardson makes his case that oil markets in the future will be weaker, rather than stronger, unless there is… Read More
Controversial Pick for EPA
As a candidate for president, Donald Trump promised to “Make America Great Again”. Part of his plan to achieve this was by reducing taxes and alleviating the burden of regulation on business. Many of the regulations in question had been issued by the Environmental Protection Agency (EPA). Based on his recent nomination of Scott Pruitt… Read More
Chesapeake Sells Haynesville Assets
“World Oil” reports that Chesapeake Energy has sold a portion of its acreage and production in North Louisiana’s Haynesville shale. Proceeds from the sale to a private company will total $450 million. Chesapeake is divesting 78,000 net acres, 40,000 of which are considered core acreage. The assets are currently producing approximately 30 million cubic feet… Read More
The Hard Part
A recent article by Deon Daughtery in “Rigzone” observes that there was a collective sigh of relief across the global oil industry when both OPEC and non-OPEC producing nations agreed to a production cut. However, many energy investors temper their joy with concern that the parties to the agreement will not adhere to the agreed… Read More
$75 in 2017?
The agreement between OPEC and non-OPEC countries to reduce production was cheered from Midland to Kuala Lumpur. A recent article in “Rigzone” provides some details of the agreement and insight as to the implications. While some industry observers contend that the market was already starting to rebalance, the accord is clearly a significant development. Many,… Read More
