Saturday, May 30, 2026

Johnson Rice & Company’s Daily Note – 11.7.2018

Johnson Rice & Company’s research team is focused on providing insightful and differentiated investment ideas. Our six senior research analysts cover over 110 companies across all market caps in the following sectors: exploration & production, and oilfield services. Quick take…. API/DOE…no clue…Trump wants lower oil prices, but if mogas demand is higher YoY…good luck keeping oil down …especially with Saudi Arabia at

Oil and Gas Production Hit New Highs in the Bakken

Bakken production in North Dakota sets records From KTVQ-Q2 BISMARCK, N.D.- September was a record-setting month in the Bakken oil fields of North Dakota. In the monthly report from North Dakota’s Mineral Resources Department, new all-time records were set in September in both oil and gas production and in the number of producing wells. The September oil production set a new North

Mississippi LNG Project Receives Draft EIS

FERC Staff Issues the draft EIS for the Gulf LNG Liquefaction Project The staff of the Federal Energy Regulatory Commission (FERC or Commission) has prepared a draft environmental impact statement (EIS) for the Gulf LNG Liquefaction Project (Project) proposed by Gulf LNG Liquefaction Company, LLC; Gulf LNG Energy, LLC; and Gulf LNG Pipeline, LLC (GLP). The project is under the

Libya

Libya Oil Boss Sees Country Exempted as OPEC+ Group Considers 2019 Cuts

From Bloomberg Libya’s top oil chief expects OPEC and allied producers to exempt the strife-torn North African country from any future cuts in crude output. “The OPEC community has understood the difficulties we face –- Libya has withheld more than any other country from the global market,” National Oil Corp. Chairman Mustafa Sanalla wrote in a phone message. “This should

Oil & Gas 360 The U.S. energy sector, while not entering a downturn, is facing an extended period of lower oil prices, lower profits and tighter spending, ultimately leading to slower growth, fewer companies and fewer jobs

Oil Falls to Lowest in a Year on Concerns of Looming Supply Glut

From Bloomberg Oil tumbled below $54 a barrel for the first time in a year amid concern OPEC’s plans to cut production won’t be enough to stem a surge in stockpiles and a selloff in global equities. Futures for January delivery fell as much as 6.2 percent in New York. A government report on Wednesday may show U.S. crude inventories

The Response by U.S. Investment to Oil Price Shocks: Does the Shale Boom Matter?

Kansas City Federal Reserve Bank economist Nida Cakir Melek asks the thought provoking question in a report released by the bank today. The bank posits that “the oil sector has become increasingly important to the U.S. economy over the past decade, and total U.S. business fixed investment appears to have followed oil investment’s pattern in recent years. “This positive correlation