The crash in oil prices which started at the end of 2014 exposed a number of oil and gas companies that had sacrificed their balance sheet in the name of growth. Many …
The Permian basin now holds nearly as many active oil rigs as the rest of the United States combined, including both onshore and offshore rigs, according to the EIA. The agency projects that crude oil …
Every day in 2015, the United States spent $991 million on petroleum consumption, the lowest daily total since 2008. Consumption levels in the U.S. have decreased slightly to 19.72 MMBoepd since peaking in 2007 at 20.94 MMBoepd.
To determine spending …
Natural gas prices rose to a five-month high today as information from the Department of Energy showed natural gas markets are tightening. Economist were expecting a build of 83 Bcf …
Electrical generation from natural gas fired plants increased 19% in 2015 due to lower natural gas prices and increased legislation on carbon emissions. Coal and natural gas are now neck and neck in electrical generation capacity with EIA projecting natural …
This graphic from the EIA helps visualize some of the data leaking out of the agency’s massive knowledge vault. In their measure for total U.S. energy consumption in 2014, they …
Here’s another bit of energy upside, and it’s something for the shale gas producers to cheer about. The EIA released its 2015 power generation fuel data and natural gas was behind coal …
Despite lower oil prices, Canadian oil sands production is expected to continue growing, and be the main driver behind increased Canadian production as a whole, in …
The continued growth of global economies will continue to drive demand for energy around the world, according to BP’s (ticker: BP, BP.com) 2016 Energy Outlook.
According to the …
As companies, analysts and others look at oil prices stabilizing in the $45-$50 range for U.S. crude oil benchmark WTI as a post-Thanksgiving 2014 “new normal,” …
As natural gas has become increasingly abundant in the United States, selling production as liquefied natural gas (LNG) has become an ever-more attractive alternative to selling gas production domestically. This …
Information from the American Petroleum Institute (API) shows that Texas produces more dry natural gas than any OPEC nation. On a global scale, the only country that beat dry …
The global oil market has changed drastically since the last meeting of the Organization of Petroleum Exporting Countries (OPEC) in November 2014. However, the intentions of each of …
Geopolitics in commodity markets can be one of the hardest factors to predict when forecasting global market movements.
The most recent update to the PRIX Index, published April 30, showed an overall value of 56, meaning exports from the …
93 Million Non-Working AmericansThe United States Bureau of Labor Statistics defines people not in the work force as being 16 years and older who are not employed and have not “made specific efforts to find employment sometime during the …
The Energy Information Administration (EIA) released annual statistics about carbon dioxide (CO2) emissions in the United States today. CO2 emissions in the U.S. increased for a second year in a …
The Energy Information Administration (EIA) released the annual statistics on the world’s three largest oil and gas hydrocarbon producers this week. The United …
In this week’s Oil & Gas 360®’s chart of the week, we compare the number of oil and gas rigs during the 2008 economic downturn and today’s low commodity environment. The price used for WTI is the annual average of …
Production may be slowing in the United States, but the builds to crude oil inventories are not. The Department of Energy (DOE) reported gains for the tenth straight time in its Weekly Petroleum Status …
Rig counts have fallen for 13 straight weeks heading into the latest update, scheduled for tomorrow, March 13. Rigs in gas plays have remained relatively steady, but the drop-off in oil-focused regions has been severe. In this edition of Oil …
The Energy Information Administration (EIA) reported yet another monster build to crude inventories for the week ended February 27, 2015. The latest Weekly Petroleum Status Report added 10.3 million barrels to inventories that are already believed to be the highest …
So it appears the “floor” for West Texas Intermediate prices (at the moment) is $40, as evidenced by a January Fed survey by CNBC. Prices are currently roughly $5 above the January 28 low of $44.45 – a climb …
The rig count is dropping, but crude inventories continue to grow. In fact, EnerCom’s Crude Oil Cuttings inventory report is at risk of expanding the maximum range of barrels, a move we’ve never been prompted to make.
The Energy Information …
At 30.05 MMBOPD, OPEC member countries are today realizing approximately $1.453 billion less (using a WTI price) in gross revenue per day than they did six months ago. Since Saudi Arabia announced its decision back on November 27, 2014, to …
Listed below are gas prices for the Denver, Houston and New York metropolitan areas for 2014. All have dropped roughly $1.00 on a year-over-year basis, with prices in Denver and Houston dropping by roughly 33% compared to last December and …
Real Time View of the Growing Number of Congress-Authorized U.S. Dollars that Future Generations Will Have to Repay
Back in January of 2014, Global Economic Analysis charted the trend line for the U.S. national debt. The debt surpassed $18 trillion …
The Energy Information Administration (EIA) released its monthly Drilling Productivity Report today, complete with production projections through year-end 2014.
In review, the rig count of the four major oil basins (Bakken, Eagle Ford, Niobrara and Permian) increased by 113 from …
Oil & Gas 360®’s chart of the week points to the differences in the average number of days to acquire a permit to drill on federal lands vs. various states. The Feds require 45 times longer to issue a permit …
