Our Blog
Recent Earthquakes in the Dallas Area: Fact vs. Fiction
There have been concerns that fracking in general, and injection wells for disposing of flowback fluids in particular, increase the probability of earthquakes in the Bakken shale (Dallas-Ft. Worth) area. This has led to a referendum and subsequent fracking ban in Denton, TX. Even the Texas Railroad Commission, while not subscribing to this theory, recently… Read More
Oil Rig Count Drops
The Baker Hughes oil rig count dropped for the fourth straight week according to “Rigzone”. In the week ending January 2, the count stood at 1,482, its lowest level since March. After a record high of 1,609 in mid-October, the number of rigs drilling for oil has dropped in 9 of the last 12 weeks.… Read More
Natural Gas Outlook
For a while it looked as though natural gas prices were immune to the precipitous price declines that have been ravaging oil. The good news is that domestic natural gas markets are less influenced by international geopolitical forces than oil. In fact, LNG imports are down, as are gas imports from Canada. Net gas exports… Read More
Oil Price Outlook
Oil prices are changing (unfortunately dropping) so quickly it is difficult to follow specific prices, much less predict them. However, we are trying to follow the factors that we believe influence prices. Some forecasts are for continued deterioration of prices through midyear 2015. Recent developments lend credence to this prediction. Demand weakness, increasing inventories, new… Read More
Linn Reacts to Price Drop
“Rigzone” cites a Reuters report that Linn Energy LLC is following a trend among domestic operators and reducing its capital budget and dividend. The 2015 budget will be cut 53% down to $730 million and the dividend per share of its LinnCo unit decreased from $2.90 to $1.25 on an annual basis. The capital program… Read More
