Saturday, August 2, 2025

Cost Structure in the Marcellus

The Growth of the Marcellus The growth of drilling, acquisition, and production in the Marcellus has been fast and furious since gaining the notoriety as one of the planet’s premier natural gas plays. Companies with natural gas exploration experience flocked to the area, gobbled up acreage positions and continued to improve techniques to drive increased production in the region. Production

OPEC prepares for its 171st meeting to decide on production cuts

Production Freeze is “Meaningless” – IEA

Countries agreeing to freeze have little capacity to add Oil prices have recovered over the past weeks as news about a coordinated production freeze between OPEC and non-OPEC members has given the commodity a more stable footing in the market. Both U.S. and international crude benchmarks WTI and Brent are up over $40 per barrel as markets hope that cooperation

Cushing oil storage tanks -oilandgas360

Oil Prices Down on 9.4 MMBO Inventory Build

Crude oil inventory build more than three times larger than expected Oil prices took a fall today following news from the Department of Energy that crude oil storage saw a much larger than expected build this week. The DOE reported a build to crude oil inventories of 9.4 MMBO for the week ended March 18, 2016, more than three times