Prices Lower on Bearish Gas Storage Draw
[contextly_auto_sidebar] Natural gas storage inventories decreased 73 Bcf for the week ending December 6, according to the EIA’s weekly report. This was lower than the market expectation, which was a draw of 77 Bcf. Working gas storage inventories now sit at 3.518 Tcf, which is 593 Bcf above inventories from the same time last year […]
An Industry Always in Transition—Part 2
Financial Headwinds, AI, and Black Swans Many financial analysts are pointing out that more than $120 billion in oil patch debt, with possible attendant bankruptcies, comes due between 2020 and 2022. Again and again, news articles mention the belief that mergers and acquisitions will inevitably consolidate the industry. What word summarizes where we are? Uncertainty. […]
Prices Drop Due to Bearish Inventory Report
[contextly_auto_sidebar] US crude oil stocks increased by 0.8 MMBbl. Gasoline and distillate inventories increased 5.4 MMBbl and 4.1 MMBbl, respectively. Yesterday afternoon, API reported a crude oil build of 1.41 MMBbl alongside gasoline and distillate builds of 4.9 MMBbl and 3.2 MMBbl, respectively. Analysts, to the contrary, were expecting a crude oil draw of 2.76 […]
Despite 10+ Years of Rapid Growth, US Natural Gas Production Expected to Slow in 2020
Austin, TX (December 11, 2019) – Enverus, the leading energy SaaS and data analytics company, has released its latest FundamentalEdge report which points to an anticipated slowdown in natural gas production in the U.S. next year. The report also includes early 2020 guidance and a map highlighting where producers are most likely to find breakeven […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – December 9, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories decreased by 4.9 MMbbl the week that ended Nov. 29, according to last week’s report from the US Energy Information Administration. Gasoline inventories increased by 3.4 MMbbl and distillate inventories by 3.1 MMbbl, and total petroleum stocks were down by 4.9 MMbbl, excluding the Strategic Petroleum Reserve. US […]
Gas Draw Above Market Expectation, Prices Rise
[contextly_auto_sidebar] Natural gas storage inventories decreased 19 Bcf for the week ending November 29, according to the EIA’s weekly report. This was higher than the market expectation, which was a draw of 14 Bcf. Working gas storage inventories now sit at 3.591 Tcf, which is 591 Bcf above inventories from the same time last year […]
FundThrough Teams with Enverus, Industry Leader in Oil and Gas Supply Chain Analytics
December 5, 2019
An Industry Always in Transition—Part 1
Foundational Transformations I recently participated in the 10th anniversary of the formation of the Berg-Hughes Center at Texas A&M. The theme of the celebration was geoscientists and petroleum engineers in a time of energy transition. From my perspective, our industry has always been in transition—from Azerbaijan to Titusville; the Spindletop salt domes to the East […]
Crude Withdrawal and Expected Extension To Production Cuts By OPEC Increase Prices
[contextly_auto_sidebar] US crude oil stocks decreased by 4.9 MMBbl. Gasoline and distillate inventories increased 3.4 MMBbl and 3.1 MMBbl, respectively. Yesterday afternoon, API reported a crude oil draw of 3.72 MMBbl alongside gasoline and distillate builds of 2.93 MMBbl and 0.79 MMBbl, respectively. Analysts were expecting a crude oil draw of 1.79 MMBbl. Total petroleum […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – December 2, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories increased by 1.6 MMBbl last week, according to the weekly EIA report. Gasoline and distillate inventories increased 5.1 MMBbl and 0.7 MMBbl, respectively. Total petroleum inventories posted a slight increase of 0.1 MMBbl. US crude oil production rose 100 MBbl/d, per EIA, while crude oil imports were up […]