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Decelerating Drilling Decline?
The number of rigs targeting oil in the U. S. fell by 33 to 986 last week according to a recent article in “World Oil”. However, this was the smallest decline since the week ending January 2. The number of active oil rigs in the U. S. has dropped more than a third over the… Read More
“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
Exxon Takes the Long View
While many smaller companies are cutting back on capital spending by 20-50%, Exxon announced it will implement an 11% reduction according to an article in “Rigzone”. The company explained that it views oil and gas projects in the context of long term prospects rather than reacting to short term phenomena such as the recent crude… 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
