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Apache Expects New Well to be ‘Notable Contributor’ to 2019 Cashflow

Apache Expects New Well to be ̵...

Apache's U.K. North Sea Garten well delivers...

Three Supertankers Depart Louisiana’s LOOP Deepwater Port Carrying U.S. Crude Oil Abroad

Three Supertankers Depart Louisiana...

Takeaway: 3 full supertankers can take...

Northern Delaware Basin Operations From Concho.com

The Largest Ever Oil and Gas Assess...

The USGS announced its largest-ever oil...

Sanchez Energy Engages Financial Advisor to Explore Strategic Alternatives

Sanchez Energy Engages Financial Ad...

Sanchez Energy Announces Engagement of Financial...

360 Profiles

Featured 360 Articles

  • Courtesy of Cheniere

    U.S. Gas Notches Another Export Milestone

    December 12, 2018

    Cheniere ships First LNG from Corpus Christi plant Cheniere Energy, Inc. (stock ticker: LNG) exported the first liquefied natural gas commissioning cargo from its Corpus Christi, Texas liquefaction facility this week. The export is the first from a greenfield liquefaction facility in the lower 48 states. Jack Fusco, Cheniere’s president and CEO pointed out that his company delivered the project[Read More…]

  • Taking questions after OPEC/non-OPEC joint production cut announcement on Dec. 7, 2018: left to right - Alexander Novak, Minister of Energy for the Russian Federation, Khalid A. Al-Falih, Saudi Arabia’s Minister of Energy, Industry & Mineral Resources, Suhail Mohamed Al Mazrouei, the UAE Minister of Energy & Industry and president of the conference. Far right: OPEC Secretary General Mohammad Sanusi Barkindo of Nigeria.

    OPEC Reports Production Fell in November as Iran Sanctions Bit

    December 12, 2018

    Iranian output down 380 MBOPD OPEC has released its Monthly Oil Market Report, outlining the cartel’s assessment of the state of the international oil industry. OPEC production fell slightly in November, dropping by 11 MBOPD to 32,965 MBOPD. Saudi, Kuwait, UAE add 493 MBOPD Most of the regions that increased production did so to balance out U.S. sanctions on Iran,[Read More…]

  • Setback Change is Winding its Way through the Colorado Oil & Gas Rulemaking Process

    Setback Change is Winding its Way through the Colorado Oil & Gas Rulemaking Process

    December 12, 2018

    Final draft of proposed rulemaking: new setback specifically addresses schools It’s been a little more than a month since a citizen-led proposal called Proposition 112 would have imposed a blanket 2,500-foot setback on just about all new oil and gas development on private and state land throughout Colorado. If the measure had passed, new drilling permits would have come to[Read More…]

  • Weekly Oil Storage: Small Draw

    Weekly Oil Storage: Small Draw

    December 12, 2018

    The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks fell by 1,208 MBBL last week to 441,954 MBBL from 443,162 MBBL. This is nearly even with the 442,986 MBBL that was in storage at this point last year, and is 6% above the[Read More…]

  • Middle Bakken Core Extension 4-Well Pad Tests at 2,400 BOEPD

    Middle Bakken Core Extension 4-Well Pad Tests at 2,400 BOEPD

    December 11, 2018

    Marathon Oil Corporation (stock ticker: MRO) reported that its four-well Middle Bakken pad at the Ajax area of Dunn County, North Dakota achieved an estimated average 30-day initial production (IP) rate of over 2,400 barrels of oil equivalent per day (84% oil). “Strong early results in Ajax mark another important step forward in our ongoing efforts to extend the core of[Read More…]

  • The U.S. Imports More Oil from Canada than All OPEC Countries Combined

    The U.S. Imports More Oil from Canada than All OPEC Countries Combined

    December 11, 2018

    80% of the imported Canadian oil is heavy oil According to EIA data, in 2017, the United States imported approximately 7.969 MMBOPD of all grades of crude oil from about 80 countries. The EIA calculates that 3.117 MMBOPD came from OPEC countries and 3.446 MMBOPD came from Canada in 2017. According to a new report out today from IHS Markit, U.S.[Read More…]

  • Brit Research Group Revises Oil Price Forecast Upward through Mid-2020s

    Brit Research Group Revises Oil Price Forecast Upward through Mid-2020s

    December 10, 2018

    What the new OPEC with Russia and without Qatar means for energy prices: Cebr Britain’s Centre for Economics and Business Research (Cebr) has revised its oil price forecast based on higher demand for oil and natural gas from non-OECD countries. The Cebr put out a note Monday reflecting the revisions in conjunction with last week’s OPEC/non-OPEC production cut agreement. Brent[Read More…]

  • Northern Delaware Basin Operations From Concho.com

    The Largest Ever Oil and Gas Assessment: Delaware Basin Holds 113 BBOE

    December 10, 2018

    The USGS announced its largest-ever oil and gas assessment last week, and it’s enough oil to send 56,000 supertankers to Asia and other customers around the world. It also broke the record set by the Midland Basin in 2016. The USGS estimates the Wolfcamp Shale and Bone Spring formations in the Delaware contain 46.3 billion barrels of oil, 281 trillion[Read More…]

  • Three Supertankers Depart Louisiana’s LOOP Deepwater Port Carrying U.S. Crude Oil Abroad

    Three Supertankers Depart Louisiana’s LOOP Deepwater Port Carrying U.S. Crude Oil Abroad

    December 10, 2018

    Takeaway: 3 full supertankers can take away about six million barrels of U.S. crude oil production On Monday the U.S.’s first and only deepwater crude oil port announced that it had loaded U.S. crude oil into three supertankers in just the past seven days and sent the cargoes abroad. The offshore oil terminal is called LOOP, which stands for Louisiana[Read More…]

  • The 2019 ConocoPhillips is Designed to Pull Investors Back onto the E&P Highway

    The 2019 ConocoPhillips is Designed to Pull Investors Back onto the E&P Highway

    December 10, 2018

    “We no longer think of our value proposition as merely disciplined, we view it as the new order” – ConocoPhillips CEO Ryan Lance The CEO of Houston-based oil and gas giant ConocoPhillips (stock ticker: COP) has declared his company’s 2019 value proposition to be “the new order.”   ConocoPhillips published its “New Order” value proposition for 2019. Source: COP “We[Read More…]


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E&P

Middle Bakken Core Extension 4-Well Pad Tests at 2,400 BOEPD

Middle Bakken Core Extension 4-Well Pad Tests at 2,400 BOEPD

December 11, 2018 — Comments are Disabled

Marathon Oil Corporation (stock ticker: MRO) reported that its four-well Middle Bakken pad at the Ajax area of Dunn County, North Dakota achieved an estimated average 30-day initial production (IP) rate of over 2,400 barrels of oil equivalent per day (84% oil). “Strong early results in Ajax mark another important step forward in our ongoing efforts to extend the core of[Read More…]

Canada

The U.S. Imports More Oil from Canada than All OPEC Countries Combined

The U.S. Imports More Oil from Canada than All OPEC Countries Combined

December 11, 2018 — Comments are Disabled

80% of the imported Canadian oil is heavy oil According to EIA data, in 2017, the United States imported approximately 7.969 MMBOPD of all grades of crude oil from about 80 countries. The EIA calculates that 3.117 MMBOPD came from OPEC countries and 3.446 MMBOPD came from Canada in 2017. According to a new report out today from IHS Markit, U.S.[Read More…]

Master Limited Partnership (MLP)

SemGroup Announces New Cushing-to-Houston Pipe, Open Season for Gladiator

SemGroup Announces New Cushing-to-Houston Pipe, Open Season for Gladiator

December 4, 2018 — Comments are Disabled

SemGroup (ticker: SEMG) and DCP Midstream (ticker: DCP) have announced open season for a new pipeline system called Gladiator. The new Gladiator pipeline would run from SemGroup’s Cushing, Oklahoma terminal to Gulf coast markets, terminating near Houston, bringing producers the ability to transport segregated, light batches of crude oil all the way to the Gulf coast region. Conversion of Southern[Read More…]