Enterprise Reschedules Second Quarter Earnings Release and Call
July 11, 2017
Enterprise Reschedules Second Quarter Earnings Release and Call
Devon Energy Drills Record-Breaking STACK Well
July 11, 2017
Devon Energy (ticker: DVN) announced July 11th that it had brought a record setting well to production. The well reached a 24-hour peak production rate of 6,000 BOEPD, 50% of which was oil. The record-setting well, called the Privott 17-H, produced out of the Meramec in the STACK play. The well’s initial production rate is the highest of any STACK
United Reports June 2017 Operational Performance
July 11, 2017
United Reports June 2017 Operational Performance
Permian Basin Operators, Not OPEC, will Determine Normal Oil Prices from Here Out
July 11, 2017
When it published the results of its Q2 survey of energy executives, the Federal Reserve Bank of Dallas included a comment from one oil and gas exec that defines the overall effect of the shale boom on global oil prices: “The exploration and production industry needs to get used to the paradigm that oil prices will be set for the
Unsustainable Oil Services Demand to Hit U.S. Shale Boom: Halliburton
July 11, 2017
From Reuters The U.S. shale drilling boom is likely to ease next year as demand on the industry’s service sector is unsustainable, Halliburton’s (ticker: HAL) business development head said on Tuesday. The number of rigs drilling for oil in the United States rose to 763 last week, the highest in more than two years, showing that despite oil trading below
U.S. Oil Production Approaches 10 MMBOPD in 2018: EIA
July 11, 2017
Annual average of 9.9 MBOPD predicted in 2018 Oil production by the U.S. is growing fast as U.S. shale producers continue to ramp up activity, according to the EIA’s most recent Short Term Energy Outlook. The EIA predicts that oil production in 2017 will average 9.3 MMBOPD, up from 8.9 MMBOPD last year. Growth will accelerate in 2018, with U.S.
Lower Commodity Prices Mean U.S. Farther from Energy Independence in 2016: BP
July 11, 2017
Production covered 87% of consumption U.S. energy production as a percentage of consumption fell in 2016, pushing the U.S. from energy independence, according to BP’s Statistical Review of World Energy. U.S. production in 2016 was sufficient to meet about 87% of consumption, down from 91% in 2015. Overall primary energy production declined by 5.2% in 2016, significantly above the ten-year
Carrizo Oil & Gas Builds the Eagle Ford, Pursues New Potential in Delaware Acquisition
July 11, 2017
Carrizo Oil & Gas (ticker: CRZO) sports over 160,000 net acres across the Eagle Ford, Delaware basin, and Niobrara—with an inventory of over 2,000 net horizontal drilling locations. The company also has non-core assets in the Marcellus and Utica formations. The majority of the company’s acreage is in the Eagle Ford at approximately 103,300 net acres with over 1,200 net
Iran Expects Steep Increase in Gas Output, Exports
July 11, 2017
From Reuters Iran will see a steep rise in its natural gas output and exports after last year’s easing of Western sanctions, its deputy oil minister said on Tuesday, adding that recent deals with global firms show they believe sanctions will not come back. Amir Hossein Zamaninia, Iran’s deputy oil minister for trade and international affairs, said Iran’s gas production
Shell Purchases Deep-Water Production And Storage Vessel
July 11, 2017
Shell Purchases Deep-Water Production And Storage Vessel
Total to Invest $3.5 Billion over Five Years in Qatari Field
July 11, 2017
From Reuters France’s Total will invest $3.5 billion over five years in Qatar’s offshore Al Shaheen oilfield and expects to keep production running at 300,000 barrels per day in future, French and Qatari executives said on Tuesday. Total’s investment commitment was announced while Qatar is embroiled in a political crisis. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt have
