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Drilling in Colorado Lives to See Another Day: Proposition 112 Fails - Photo: Oil & Gas 360

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360 Profiles

Featured 360 Articles

  • 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…]

  • A One-Rig Drop this Week Conceals Larger Shifts in U.S. Drilling Picture

    A One-Rig Drop this Week Conceals Larger Shifts in U.S. Drilling Picture

    December 7, 2018

    Gas activity up sharply, active oil rigs record largest fall since May 2016 Drilling activity declined this week, continuing the drop from last week according to the latest edition of Baker Hughes’ Rig Count. A net one rig shut down in the week, meaning there are 1,075 rigs active in the country. The only shift among location type was one[Read More…]

  • Khalid A. Al-Falih, Saudi Arabia’s minister of Energy, Industry & Mineral Resources speaks to reporters following the OPEC press conference Dec. 7, 2018.

    Markets Surge as OPEC+ Production Cut Exceeds Expectations

    December 7, 2018

    OPEC+ agree to cut 1.2 MMBOPD U.S. shale received an early Christmas gift today, as OPEC and non-OPEC finally agreed to a new production cut agreement. OPEC, Russia and their allies have agreed to a combined cut of 1.2 MMBOPD, relative to October production levels. OPEC itself will decrease output by 800 MBOPD, while Russia will provide much of the[Read More…]

  • Chevron Aims $3.6 Billion at the Permian in 2019

    Chevron Aims $3.6 Billion at the Permian in 2019

    December 7, 2018

    Chevron announces a $20-billion total CapEx budget for 2019 Yesterday, Chevron Corporation (stock ticker: CVX) provided more details on its 2019 organic capital and exploratory spending program. Total capital and exploratory expenditures will increase approximately 9.3% from 2018-2019, including  an increase in shale spending. This is a big change from pre-downturn days of 2014. In 2018 spending was down for the fourth[Read More…]

  • Weekly Gas Storage: Draw Meets Expectations

    Weekly Gas Storage: Draw Meets Expectations

    December 7, 2018

    The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week. In total, the EIA reports natural gas stocks fell by 63 Bcf last week, decreasing to 2.991 Bcf from 3,054 Bcf. This is 19.1% below the 3,695 Bcf that was in storage at this point last year and[Read More…]

  • Source: Business Wire

    Tellurian’s Driftwood LNG, Vitol Sign MOU for 15-year LNG Supply Deal

    December 7, 2018

    Yesterday, natural gas-based Tellurian Inc.’s (stock ticker: TELL) subsidiary company Tellurian Trading UK Ltd. entered into an MOU to supply 1.5 mtpa of liquefied natural gas (LNG) from the proposed Driftwood LNG export terminal. The transaction price is based on the Platts Japan Korea Marker (JKM) and is for a minimum term of 15 years. Under the MOU, Tellurian and[Read More…]

  • Mt. Astra (Suezmax) Leaving Corpus Christi ship tanker

    U.S. Is Net Exporter of Crude and Refined Products

    December 6, 2018

    Preliminary data shows U.S. exported 211 MBPD last week The U.S. has achieved a major milestone in the unconventional revolution, becoming a net exporter of crude oil and refined products last week. Based on preliminary data from the EIA, the U.S. exported a net 211 MBPD last week driven by all-time high exports of crude oil. In total, the country[Read More…]


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E&P

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 — Comments are Disabled

“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…]

Canada

Calfrac Announces 2019 Capital Program

Calfrac Announces 2019 Capital Program

December 6, 2018 — Comments are Disabled

Calgary-based Calfrac Well Services Ltd. (stock ticker: CFW) provided details today on its 2019 capital program: Approximately $149 million will be spent, including $126 million of maintenance capital $11 million of refurbishment capital and $12 million related to corporate initiatives Approximately $10 million that is remaining from Calfrac’s 2018 capital program is expected to be spent in 2019 Fernando Aguilar, Calfrac’s president and CEO, said that more than 80% of the[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…]