Tuesday, August 19, 2025

Six U.S. Plays Continue to Show 15% IRRs in a Sub-$40 Oil World

About one-third of U.S. plays remain economic below $40 per barrel WTI As oil and gas producers around the globe continue to struggle with lower commodity prices, a select few basins remain economical at today’s prices. Six basins out of the 18 covered by Raymond James, or one-third of basins in their coverage, produce IRRs of 15% at sub-$40 WTI,

Offshore

Oil in the U.K.: Largest Uptick in Annual Production Since 1998

Production in the U.K increased 100 MBOPD in 2015 Petroleum production in the U.K. showed an increase in 2015 – after many years of steady decline. Fields brought online in the second half of 2014, along with some brought on in 2015, and improved performance in the U.K.’s largest offshore field contributed to increasing its production by 100 MBOPD, according

PetroQuest Energy Increases Its First Quarter 2016 Production Guidance

PetroQuest Energy, Inc. (the “Company”) (NYSE: PQ) announced today that it is increasing its first quarter 2016 production guidance to approximately 81-82 MMcfe per day (73% gas, 11% oil and 16% NGLs) from its previously issued guidance of 72-76 MMcfe per day. The midpoint of the revised guidance represents an approximate 12% increase from the Company’s production rate during the

Israel Court Blocks Netanyahu’s Noble-Delek Leviathan NatGas Plan

From Reuters Israel’s Supreme Court blocked a controversial plan to develop the country’s natural gas fields on Sunday, dealing a blow to energy companies operating in the eastern Mediterranean and drawing fire from the government. Prime Minister Benjamin Netanyahu reached a deal last year with Texas-based Noble Energy (NBL.N) and Israel’s Delek Group (DLEKG.TA) that would leave them in control

LNG support is dropping in B.C.: poll

From Metro News Vancouver: A new poll suggests fewer people support the province’s plans to expand the development and export of liquefied natural gas (LNG), with fracking being a major concern. The online survey, conducted by Insights West, suggests 43 per cent of British Columbians are in favour of LNG, while 41 per cent are opposed. In August 2013, 50

China Car Fever Lifting Gasoline Seen as Root of Diesel Glut

From Bloomberg: China’s love of cars and the gasoline that runs them is exacerbating an oversupply in another fuel decried by refiners across Asia, according to Bank of China International. While refineries in the world’s biggest auto market process more oil to feed demand for motor fuel, they also end up producing diesel, which is being used less because of shrinking

ONGC Board Approves $5 Billion Investment in India Oil and Gas Asset

From Reuters: India’s Oil and Natural Gas Corporation has approved an investment of 340 billion rupees (about $5 billion) over the next few years in its east coast oil and gas asset, in a bid to boost production and benefit from a change in government policy. Earlier this month, a top company official said ONGC would unveil an investment of