CRUDE OIL INVENTORY/’000 bbls (Week Ended 1/23/15)
Current: 406,727
Actual Build/(Withdrawal): 8,874
Economist Average Estimate: 4,000
Previous: 397,853
Click here for the chart with five year averages.
Click here for an archive of EnerCom’s Inventory Reports.
ANALYST COMMENTARY
Raymond …
CLB Q4 2014: NEW TECHNOLOGY DRIVES MOST PROFITABLE QUARTER EVER; ALL-TIME QUARTERLY HIGHS FOR REVENUE AND FCF; AND EPS, NET INCOME, AND OPERATING MARGINS, EX-FX; COMPANY INCREASES Q1 2015 DIVIDEND BY 10%
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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 …
The government of Ghana, ENI (ticker: E) and Vitol yesterday signed an agreement to start work on the Offshore Cape Three Points (OCTP) oil …
EnerCom, Inc. to Host The Oil & Services Conference(TM) 13, February 18-19, 2015, in San Francisco
…EnerCom, Inc. to Host The Oil & Services Conference(TM) 13, February 18-19, 2015, in San Francisco
…Unit Corporation Posts Updated Presentation to Website
…RPC, Inc. Reports Fourth Quarter and Year-End 2014 Financial Results
…RPC, Inc. Announces Regular Quarterly Cash Dividend
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The United States Department of the Interior, in conjunction with President Obama, Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management Director Abigail Ross Hopper, released a Draft Proposed Program for development of offshore properties in an …
HOUSTON, Jan. 27, 2015 (GLOBE NEWSWIRE) — Energy XXI (Nasdaq:EXXI) regretfully announced the passing of Mr. Paul Davison. Mr. Davison suddenly passed away at the age of 61. Mr. Davison served as one of our independent non-executive directors since May …
WASHINGTON, January 27, 2015 – More than seven in ten North Carolina voters support offshore drilling for domestic oil and natural gas resources, according to a new poll conducted by Harris Poll for API’s “What America is Thinking on Energy …
From Bloomberg:
Natural gas futures climbed in New York as a winter storm brought frigid weather to the Northeast, boosting heating demand.
The storm was forecast to drop snow across central and eastern New England into Wednesday, according to the …
View the PDF – Download Video File
Few people understand the business of oil and gas better than Tom Petrie.
After serving as senior oil analyst for First Boston, Petrie co-founded Petrie Parkman & Co., merged it into Merrill Lynch …
From Reuters:
Transnet SOC Ltd., South Africa’s state-owned logistics company, said it would develop a service facility for the oil and gas industry at the port of Saldanha Bay in the country’s Western Cape province.
The 9.65 billion-rand ($853 …
From Oil & Gas Technology:
Gazprom Marketing & Trading Singapore, company of Gazprom Group and Yamal Trade have signed a long-term sales and purchase contract for liquefied natural gas (LNG) from the Yamal LNG project
The contract that will be …
DENVER, CO — (Marketwired) — 01/27/15 — American Eagle Energy Corporation(NYSE MKT: AMZG) (“American Eagle” or the “Company”), announces that it recently closed the sale of certain non-core, non-operated working interests in oil and gas properties located in Divide …
The White House released a revised Comprehensive Conservation Plan Sunday, which will designate 12.28 million acres in Alaska’s Arctic National …
SandRidge Energy, Inc. Announces 2014 Fourth Quarter and Full-Year Financial and Operational Results Release Date and Conference Call Information
…Energy XXI Mourns the Passing of Board Member Paul Davison
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Reuters reports Enterprise Products Partners (ticker: EPD) has secured light crude oil export contracts with Mitsubishi’s Petro-Diamond Singapore and Vitol, an independent oil trader, for volumes of 40 MBOPD in 2015. The information comes from Reuters sources based on anonymity, …
Khalid al-Falih, President and CEO of state-owned Saudi Aramco, said that while prices are “too low for everybody,” it is not …
Breitling – Bering Merger Named a 2014 Deal of the Year
…American Eagle Energy Announces Sale of Certain Non-Core Assets to Enhance Liquidity
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Energy Transfer Partners (ticker: ETP) and Regency Energy Partners (ticker: RGP) announced plans for a definitive merger in a joint press release issued on January 26, 2015. The proposal consists of a unit-for-unit transaction with an implied value of approximately …
Abdulla al-Badri, Secretary General of OPEC, thinks oil prices have reached their bottom and may start rising soon. He warned that under-investment now …
Story by Reuters:
Egypt’s state gas board has awarded a $2.2 billion (1.5 billion pounds) tender to import 75 cargoes of liquefied natural gas (LNG) to four international firms, its chairman said on Sunday, as the country seeks new energy …
HOUSTON, Jan. 23, 2015 /PRNewswire/ — Sanchez Energy Corporation (“Sanchez Energy” or, the “Company”) (NYSE: SN) announced today that it has commenced an exchange offer of up to $1,150,000,000 million aggregate principal amount of its 6.125% Senior Notes due 2023 …
The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has approved an increase in the company’s regular quarterly cash dividend on common stock from $0.275 per share to $0.40 per share, effective with the quarterly dividend the Board …
