The United States energy market has big decisions ahead of it: Do we export oil? How do we safely transport crude oil across our country? Should we build the Keystone pipeline? And perhaps more captivating is what the industry/country should do with the tremendous amounts of natural gas we’ve untapped. The natural gas landscape continues to make headlines by means
Magnum Hunter Resources (ticker: MHR) is an oil and natural gas exploration and production company active in three shale resource plays in North America: the Marcellus Shale, Utica Shale and the Williston Basin/Bakken Shale. The company’s growth platform is supported with approximately 350,000 net acres spread across its core operating regions. Despite severe weather conditions in the northeast that negatively
Royal Dutch Shell plc (ticker: RDS.B) is incorporated in England and Wales and serves as the parent company for Shell, a global group of energy and petrochemical companies. Shell has a global presence in both the upstream and downstream business with operations in more than 70 countries. The company sold 19.6 million tons of equity LNG during 2013 and is
Gary Evans, Chairman and CEO of Magnum Hunter Resources appeared on Bloomberg’s Taking Stock to discuss the benefits of the Keystone pipeline, U.S. production growth driven by plays like the Bakken and Marcellus/Utica, as well as the company’s recent share price appreciation. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty
Global exploration and production spending is poised to reach $723 billion in 2014, according to a 2014 Global E&P Spending Report by Barclays on December 9, 2013. The record will mark the first time spending has eclipsed the $700 billion mark, and represents an increase of 6.1% in regards to 2013’s total of $682 billion. Barclays estimates the United States
Crude Oil Inventory/’000 BBLS Current: 373,918 Actual Build/(Withdrawal): (9,874) Economist Average Estimate: (3,114) Previous: 383,792 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *Fracking Firms Face New Crop of Competitors – WSJ So many companies have jumped into the hydraulic-fracturing business that the price of performing the key part of the oil- and gas-drilling
In an industry report released July 8, 2013, Raymond James & Associates asked the question: ‘When will the Keystone XL Pipeline become a necessity?’ According to analysts, Marshall Adkins & Cory Garcia, additional pipeline capacity out of Western Canada will be eventually needed if Canadian oil sands growth continues as projected. “While Keystone isn’t needed today or arguably even in
President Barack Obama’s first climate change speech of his second term focused on three main points: cutting carbon pollution in America, preparing the U.S. for the impacts of climate change, and leading international efforts to combat global climate change. Our key takeaway from the president’s speech was natural gas is cited as a “critical bridge fuel” – and rightfully so.
CRUDE OIL INVENTORY/’000 bbls (Week Ended 4/3/13) Current: 395,284 Actual Build/(Withdrawal): 6,696 Economist Average Estimate: 1,018 Previous: 388,588 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *Bakken, Three Forks Has More Oil Than 2008 Estimate: USGS – Bloomberg Oil resources in shale formations of North Dakota, Montana and nearby states are 7.4 billion barrels,
CRUDE OIL INVENTORY/’000 bbls Current: 387,641 Actual Build/(Withdrawal): (1,233) Economist Average Estimate: 1,082 Previous: 388,874 Click here for the chart with five year averages. IN CASE YOU MISSED IT *VIDEO: U.S. Need for Oil Is `Shrinking,’ Petrie Says – Bloomberg Thomas Petrie, chairman of Petrie Partners, talks about U.S. energy independence and the outlook oil prices and refineries. Petrie speaks with Tom Keene and
CRUDE OIL INVENTORY/’000 bbls (Week Ended 3/8/13) Current: 383,975 Actual Build/(Withdrawal): 2,624 Economist Average Estimate: 2,236 Previous: 381,351 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *EnerCom’s Monthly Energy Industry Data and Trends Reports U.S. oil consumption in December 2012 was 18.1 MMBOPD, down ‐2.5% compared to the prior month and ‐3.6% lower than
CRUDE OIL INVENTORY/’000 bbls (Week Ended 3/1/13) Current: 381,351 Actual Build/(Withdrawal): 3,833 Economist Average Estimate: 327 Previous: 377,518 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *U.S. Tops Saudi Arabia as World’s Biggest Fuel Producer – WSJ The U.S. has catapulted past Saudi Arabia as the world’s biggest fuel producer, now that abundant production
