Commodity Pricing

Source: Energy.gov

Natural Gas Replacing Coal Nationwide

The EIA’s Electricity Monthly Update shows increased use of natural gas across the U.S.

Electricity generation from coal decreased in all regions of the country in March compared to the previous year, while electricity generation from natural gas increased in …

May 28, 2015 - 2:17 pm Commodity Pricing, Oil and Gas 360 Articles
Oil Price Witches’ Brew

Oil Price Witches’ Brew

May’s uncanny price stability, Iraq production growth, OPEC’s unknowns and shale’s “Fracklog” all competing for visibility in global petroleum’s crystal ball

West Texas Intermediate (WTI) oil prices have ranged from $57.26 to $60.93 for the entire month of May, offering …

May 27, 2015 - 3:32 pm Commodity Pricing, Oil and Gas 360 Articles, Popular
OPEC Basket Price Falls More Than a Dollar in a Week

OPEC Basket Price Falls More Than a Dollar in a Week

OPEC expects basket price to fall for third straight week

The price of OPEC’s basket of twelve crudes stood at $60.73 per barrel today, down $1.30 from just a week ago when the basket sold for $62.03, according to information

May 27, 2015 - 12:49 pm Commodity Pricing, Oil and Gas 360 Articles, OPEC
Crude Oil Prices About to Head South, Says Goldman Sachs

Crude Oil Prices About to Head South, Says Goldman Sachs

Crude oil prices are trending along six month highs, prompting relief and optimism for the weary oil and gas industry. West Texas Intermediate seems to have stabilized around $60 for the time being, but not till after rig counts plunged …

May 22, 2015 - 1:09 pm Commodity Pricing, Finance, Oil and Gas 360 Articles
Natural Gas Breaks $3 but Could Fall Again Soon

Natural Gas Breaks $3 but Could Fall Again Soon

Prices up on EIA report

Natural gas prices climbed above $3.00 per MMBtu yesterday for the first time since mid-January. Natural gas prices jumped about 4.1% to as high as $3.02 Thursday, following the release of the Energy Information Administration’s …

May 15, 2015 - 6:30 pm Commodity Pricing, Oil and Gas 360 Articles
Crude Prices Trending Back Up, but for How Long?

Crude Prices Trending Back Up, but for How Long?

After 17 straight weeks of builds, Cushing sees a draw on crude inventories

Global oversupply has prompted companies to sell production volumes on the future strip prices, pushing their production into storage hubs like Cushing, Oklahoma. Since the beginning of …

May 6, 2015 - 3:11 pm Commodity Pricing, Oil and Gas 360 Articles, Popular
Frac Sands Feeling Pressure

Frac Sands Feeling Pressure

Frac sand companies could continue to feel strain even if oil makes a recovery

Every corner of the oil and gas industry has felt the effects of lower commodity prices since prices fell off drastically November of last year. Even …

April 27, 2015 - 6:59 pm Commodity Pricing, Fracing, Oil and Gas 360 Articles
2015: Coal v. Natural Gas

2015: Coal v. Natural Gas

Could a drop in natural gas prices spur additional market share growth?

As we swing into spring earnings season, Q1 earnings are coming fast, along with questions surrounding the state of natural gas and oil prices.

In a non-oil and …

April 23, 2015 - 5:27 pm Commodity Pricing, Oil and Gas 360 Articles, Popular
Chart of the Week: How much do States Rely on Severance Taxes?

Chart of the Week: How much do States Rely on Severance Taxes?

$16.7 billion in 2013

Tax season is nearing a close for Americans, and earnings season is just around the corner for oil and gas companies preparing their quarterly results. E&Ps and service providers have felt the impact from the oil …

Bam! Earnings Season Again – Q1 2015 Estimates

Bam! Earnings Season Again – Q1 2015 Estimates

EnerCom, Inc. compiled first quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 200 E&P and OilService companies in our database.

Click here for the full chart of estimates.

The median OilServices company earnings …

EIA Reference Case:  Brent Prices will Stay Below $100 through 2028

EIA Reference Case: Brent Prices will Stay Below $100 through 2028

Government Energy Arm Releases 2015 Annual Energy Outlook

The Energy Information Administration (EIA) released various energy-related projections through the year 2040 in its yearly release of the Annual Energy Outlook (AEO). In the 2015 edition, the EIA made five rather …

Oil Prices Down on Saudi Production Record, Huge Inventory Build

Oil Prices Down on Saudi Production Record, Huge Inventory Build

OPEC’s largest producer hit a 12-year production record last month

Saudi Arabia increased oil production to 10.3 MMBOPD in March, setting a 12-year high for production in the country. Saudi Oil Minister Ali al-Naimi said the Kingdom will continue producing …

Appalachia Production is Red Hot, but the Henry Hub is Still King

Appalachia Production is Red Hot, but the Henry Hub is Still King

The meteoric production rise of the Marcellus and Utica Shales has shifted the playing field of the natural gas market and changed the United States energy landscape. While the recent commodity swing has finally forced U.S. oil production to least

April 7, 2015 - 6:57 pm Commodity Pricing, Fracing, LNG, Oil and Gas 360 Articles
Chart of the Week: Rig Counts and Commodity Prices

Chart of the Week: Rig Counts and Commodity Prices

COtW Oil Rigs and Prices

COtW Gas Rig Counts and Prices

In this week’s Oil & Gas 360®’s chart of the week, we compare the number of oil and gas rigs during the 2008 economic downturn and today’s low commodity environment. The price used for WTI is the annual average of …

Cushing Inventory Still has Room, for Now

Cushing Inventory Still has Room, for Now

Oil inventories are at an all-time high at the Cushing delivery point in Oklahoma. Fortunately, working storage capacity is also at its highest on record, but the available space is filling up fast.

In the Energy Information Administration’s (EIA) Today

Chart of the Week: When will the Crude Oil Builds Stop?

Chart of the Week: When will the Crude Oil Builds Stop?

Inventories at 88% of working capacity

Production may be slowing in the United States, but the builds to crude oil inventories are not. The Department of Energy (DOE) reported gains for the tenth straight time in its Weekly Petroleum Status …

WTI Dips to Six Year Low

WTI Dips to Six Year Low

The price of West Texas Intermediate (WTI) maintained weeks of stabilization before falling below $44/barrel on March 16, 2015 – the lowest since a price of $42.33 on March 11, 2009.

WTI exceeded $50/barrel earlier in the month as the …

March 16, 2015 - 5:46 pm Commodity Pricing, Oil and Gas 360 Articles
IEA: U.S. Oil Production Approaching a Crossroads

IEA: U.S. Oil Production Approaching a Crossroads

United States oil production and its diminishing storage capacity may lead to another drop in oil prices, according the International Energy Agency’s (IEA) Oil Market Report for March 2015. The Agency revised its oil demand outlook upward, but the increase …

Drilling Contractors Persevering in “Dynamic” Market

Drilling Contractors Persevering in “Dynamic” Market

The activity of independent E&Ps in the United States garnered plenty of news headlines in the recent earnings season, with the overwhelming majority dialing back their 2015 capital plans. Major producers like California Resources Corp. (ticker: CRC), LINN Energy (ticker: …

Production Beginning to Slow in EIA’s March Drilling Productivity Report

Production Beginning to Slow in EIA’s March Drilling Productivity Report

The Energy Information Administration’s (EIA) Drilling Productivity Report, a monthly breakdown on production by basins, typically forecasts production increases across the United States’ seven most prolific plays. The latest edition, released on March 9, 2015, projects production in April …

March 10, 2015 - 6:42 pm Commodity Pricing, Oil and Gas 360 Articles, OPEC
Oil Prices Could Fall Again – Goldman Sachs

Oil Prices Could Fall Again – Goldman Sachs

Goldman Sachs estimates near-term WTI prices could fall to $40 per barrel

Oil prices could give back gains seen over the past few weeks, falling as low as $40 per barrel, according to Goldman Sachs. West Texas Intermediate (WTI) oil …

March 9, 2015 - 5:07 pm Commodity Pricing, Oil and Gas 360 Articles
Capital Raises Accelerating as E&Ps Dig in for a Tumultuous 2015

Capital Raises Accelerating as E&Ps Dig in for a Tumultuous 2015

The cycles of the oil and gas market are inevitable, and throughout its history the industry has consistently recovered from downturns even as severe as the one we are experiencing today.

Although the market swings are hardly ever uniform, independent …

Source: EnerCom's Monthly Report

Energy Experts Discuss 2015

Synergy Resources, Earthstone Energy, Fortis Energy Services, Samson Oil & Gas, Wunderlich Securities—Exclusive Video Interviews

EnerCom, Inc. today posted new executive video interviews with the following companies:

Oil Markets to Get Worse Before They Get Better – Intervale Capital CEO on Fox Business

Oil Markets to Get Worse Before They Get Better – Intervale Capital CEO on Fox Business

Intervale Capital Managing Partner Charles Cherington appeared on Fox Business’ Opening Bell with Maria Bartiromo to discuss the current oil markets. Cherington believes, like other oil executives and analysts, things are likely to get worse before they get better.

“The …

Colorado Wattenberg Field: Preparing a horizontal drilling rig - Oil & Gas 360

What’s Coming to the Energy Sector in 2015?

Core Laboratories, Evolution Petroleum and Lonestar Resources—Exclusive Video Interviews with EnerCom’s Oil & Gas 360®

New executive interviews from EnerCom’s The Oil & Services Conference™ 13 are now posted on Oil & Gas 360®

What do top energy sector executives …

What is Fueling the Crude Oil Inventory Rally?

What is Fueling the Crude Oil Inventory Rally?

crude_oil_inventory022015Crude oil inventories rose yet again in the Energy Information Administration’s (EIA) report for the week ended February 20, 2015, setting another record high. For those keeping track, the inventory has climbed by more than 60 million barrels since its …

Chart of the Week: WTI/Brent Spread Widens

Chart of the Week: WTI/Brent Spread Widens

So it appears the “floor” for West Texas Intermediate prices (at the moment) is $40, as evidenced by a January Fed survey by CNBC. Prices are currently roughly $5 above the January 28 low of $44.45 – a climb …

Natural Gas Roundup for the Week Ended February 13, 2015

Natural Gas Roundup for the Week Ended February 13, 2015

NATURAL GAS INVENTORY (Week Ended 2/13/15)roundup2

Current: 2,157 Bcf

Actual Injection/(Withdrawal): (111) Bcf

Economist Average Estimate: (109) Bcf

Previous: 2,268 Bcf

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.…

February 19, 2015 - 6:53 pm Commodity Pricing, Oil and Gas 360 Articles
Crude Oil Cuttings for the Week Ended February 13, 2015

Crude Oil Cuttings for the Week Ended February 13, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 2/13/15)

Current: 425,644

Actual Build/(Withdrawal): 7,716

Economist Average Estimate: 3,050

Previous: 417,928

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.

Important disclosures: The …

February 19, 2015 - 6:49 pm Commodity Pricing, Oil and Gas 360 Articles
Natural Gas Roundup for the Week Ended February 6, 2015

Natural Gas Roundup for the Week Ended February 6, 2015

roundup21NATURAL GAS INVENTORY (Week Ended 2/6/15)

Current: 2,268 Bcf

Actual Injection/(Withdrawal): (160) Bcf

Economist Average Estimate: (168) Bcf

Previous: 2,428 Bcf

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.…

February 12, 2015 - 11:10 am Commodity Pricing, Oil and Gas 360 Articles