Grasping the Importance of Spacing and Parent-Child Well Relationships Emerging as Make-or-Break Distinction in Today’s Free Cash Flow Era
September 24, 2019
The Week Ahead For Crude Oil, Gas and NGLs Markets – September 23, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories posted an increase of 1.1 MMBbl last week, according to the weekly EIA report. Gasoline and distillate inventories increased 0.8 MMBbl and 0.4 MMBbl, respectively. Total petroleum inventories increased 0.9 MMBbl. US crude oil production was flat week over week, per EIA, while crude oil imports were up […]
Injection Above Market Expectation Causes Price Drop
[contextly_auto_sidebar] Natural gas storage inventories increased 84 Bcf for the week ending September 13, according to the EIA’s weekly report. This is higher than the market expectation, which was an injection of 81 Bcf. Working gas storage inventories now sit at 3.103 Tcf, which is 393 Bcf above inventories from the same time last year […]
The Price Decline Continued on Hopes that Saudi Arabian Production Would Be Restored By The End Of The Month
[contextly_auto_sidebar] Despite the 0.6 MMBbl draw in Cushing versus the prior reported week, total US crude oil stocks increased by 1.1 MMBbl. Gasoline and distillate inventories increased 0.8 MMBbl and 0.4 MMBbl, respectively. Yesterday afternoon, API reported a crude oil build of 0.6 MMBbl, alongside gasoline and distillate builds of 1.6 MMBbl and 2.0 MMBbl, […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – September 16, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories posted a decrease of 6.9 MMBbl last week, according to the weekly EIA report. Gasoline inventories decreased 0.7 MMBbl, while distillate inventories increased 2.7 MMBbl/d. Total petroleum inventories posted a decline of 3.1 MMBbl. US crude oil production was flat week over week per EIA, while crude oil […]
An Unprecedented Attack on Saudi Oil Infrastructure
[contextly_auto_sidebar] Roughly 5.7 MMbbl/d, more than half of Saudi Arabian crude production, was knocked offline early Saturday morning in a surprise drone attack coordinated by Houthi rebels in Yemen. The attack damaged two major facilities: the Hijra Khurais oil field (one of the country’s largest) and Abqaiq (the world’s biggest crude stabilization and processing facility). […]
Gas Inventories Exceed 3Tcf, Injection Misses Low
[contextly_auto_sidebar] Natural gas storage inventories increased 78 Bcf for the week ending September 6, according to the EIA’s weekly report. This is lower than the market expectation, which was an injection of 82 Bcf. Working gas storage inventories now sit at 3.019 Tcf, which is 393 Bcf above inventories from the same time last year […]
Prices Slip Despite the Withdrawal in Crude and Petroleum Stocks
[contextly_auto_sidebar] US crude oil stocks posted a decrease of 6.9 MMBbl from last week. Gasoline inventories decreased 0.7 MMBbl and distillate inventories increased 2.7 MMBbl. Yesterday afternoon, API reported a large crude oil draw of 7.2 MMBbl, alongside a gasoline draw of 4.5 MMBbl and a distillate build of 0.6 MMBbl. Analysts were expecting a […]
Enverus Unveils Operator Intelligence, Delivering ‘Unprecedented and Unparalleled’ Insight on 180 Oil and Gas Producers
September 11, 2019
The Week Ahead For Crude Oil, Gas and NGLs Markets – September 9, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories posted a decrease of 4.8 MMBbl last week, according to the weekly EIA report. Gasoline and distillate inventories decreased 2.4 MMBbl and 2.5 MMBbl, respectively. Total petroleum inventories posted a decline of 4.9 MMBbl. US crude oil production decreased 100 MBbl/d from the week before, per EIA, while […]