Commodity Pricing

Gas Prices in 2014

Chart of the Week: 2014 Measured by Gasoline Prices

Listed below are gas prices for the Denver, Houston and New York metropolitan areas for 2014. All have dropped roughly $1.00 on a year-over-year basis, with prices in Denver and Houston dropping by roughly 33% compared to last December and …

December 30, 2014 - 6:47 pm Chart of Week, Commodity Pricing, Oil and Gas 360 Articles
2015 E&P Guidance: Capital Cuts Across the Board

2015 E&P Guidance: Capital Cuts Across the Board

As expected, the majority of North American E&Ps are slashing budgets in anticipation for 2015 – a year in which the Energy Information Administration forecasts West Texas Intermediate prices at $62.75/barrel. A common theme in 2015 guidance is a focus …

Oil prices turned firmly lower during midday trading on Tuesday. Crude futures were little changed earlier in the session, depressed by a report of record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Oil & Gas 360

Oil, Gas Prices Fall Following Inventory Reports

Oil, Gas Prices Aside, the U.S. Economy, DJIA and Drillers Move Ahead

Oil prices inched lower this morning, with West Texas Intermediate (WTI) and Brent below $54 and $58, respectively. Crude oil inventories increased by 7.3 million barrels, according to …

December 29, 2014 - 4:49 pm Analytics, Commodity Pricing, Oil and Gas 360 Articles
Natural Gas Roundup for the Week Ended December 12, 2014

Natural Gas Roundup for the Week Ended December 12, 2014

NATURAL GAS INVENTORY (Week Ended 12/05/14)

roundup21Current: 3,295 Bcf

Actual Injection/(Withdrawal): (64) Bcf

Economist Average Estimate: (61) Bcf

Previous: 3,359 Bcf

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports


ANALYST …

December 18, 2014 - 5:46 pm Commodity Pricing, Oil and Gas 360 Articles
Upstream MLPs Getting the Worst of Commodity Downturn

Upstream MLPs Getting the Worst of Commodity Downturn

Oil & Gas 360 Exploration & ProductionDown more than 50% Year to Date

Oil and gas companies are tightening the purse strings for 2015, as several news releases on guidance are showing capex declines of 20% or more. Commodity hedges may protect most companies from further …

The Oil View: Fasten Your Seatbelts

The Oil View: Fasten Your Seatbelts

Oil Price Volatility May Become Commonplace

Already, another day has dawned bringing more volatility in oil prices. WTI is trading at about $55.25 following an early low of $53.60; and Brent, which had traded as low as $58.55 this morning, …

December 16, 2014 - 11:32 am Commodity Pricing, Oil and Gas 360 Articles
What are Energy Companies Thinking as they Head into 2015?

What are Energy Companies Thinking as they Head into 2015?

Dropping Oil Prices = Changing Landscape for E&Ps, Midstream, OilService Companies

At last week’s 2014 Energy Symposium hosted by Wells Fargo Securities at the Waldorf Astoria, the sentiment expressed by the energy companies was far different from what had been …

Futuristic Solar Power Plant Needs NatGas to Make Electricity, Money

Futuristic Solar Power Plant Needs NatGas to Make Electricity, Money

World’s Largest Solar Generating Plant Struggles to Make Ends Meet if the Sun Doesn’t Shine

Who knew? In the midst of free-falling oil prices that have knocked about the growth plans for petroleum developers, owners of the world’s largest solar …

December 12, 2014 - 4:26 pm Commodity Pricing, Oil and Gas 360 Articles
Alaska Faces $3.5 Billion Deficit as Oil Prices Drop

Alaska Faces $3.5 Billion Deficit as Oil Prices Drop

Alaska’s revenue forecast, released Wednesday, predicts a deficit of $3.5 billion, an increase of $2.1 billion from what lawmakers expected in April.

The forecast expects unrestricted general fund revenue of $2.6 billion this year, down from $5.4 billion in 2014, …

December 12, 2014 - 3:48 pm Commodity Pricing, Oil and Gas 360 Articles
Crude Oil Cuttings for the Week Ended December 5, 2014

Crude Oil Cuttings for the Week Ended December 5, 2014

CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/05/14)

crude_oil_cuttingsCurrent: 380,789

Actual Build/(Withdrawal): 1,454

Economist Average Estimate: (2,625)

Previous: 379,335

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports


 

KLR Group (12.10.14)
December 10, 2014 - 6:15 pm Commodity Pricing
Crude Oil Prices:  Brent Trades Below $65, WTI Trades Below $61

Crude Oil Prices: Brent Trades Below $65, WTI Trades Below $61

OPEC Cuts Demand Forecast

OPEC cut demand forecast for its crude oil to a 12-year low, sending oil prices, energy shares and the overall stock market into a dive on Wednesday. West Texas Intermediate (WTI) traded at a day low …

December 10, 2014 - 5:32 pm Commodity Pricing, Oil and Gas 360 Articles, OPEC
A rig site in North Dakota

Oil Prices Reach Five Year Low; ConocoPhillips Dials back 2015 Expenditures by 20%

Oil prices slid sharply in Monday trading, dropping by more than 4% to close at a five-year low of $63.02. Brent prices fell in similar fashion, ending the day below the $66.00 mark.

Spot prices for WTI have dropped by …

December 8, 2014 - 6:56 pm Commodity Pricing, Exploration and Production (E&P), OPEC
Capital One Securities Initiates MLP Coverage, Discusses Trends in Exclusive Interview with OAG360

Capital One Securities Initiates MLP Coverage, Discusses Trends in Exclusive Interview with OAG360

Capital One Securities is extending its research coverage to the MLP/Energy – Midstream sector, the firm announced in a December 4, 2014 note. Coverage was initiated on ten companies in the MLP / Energy-Midstream sphere, with six receiving an “Outperform” …

December 5, 2014 - 7:05 pm Analytics, Commodity Pricing, MLPs, Oil and Gas 360 Articles
Crude Oil Cuttings for the Week Ended November 28, 2014

Crude Oil Cuttings for the Week Ended November 28, 2014

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 11/28/14)

Current: 379,335

Actual Build/(Withdrawal): (3,689)

Economist Average Estimate: 950

Previous: 383,024

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports


UBS Investment Research Note

December 3, 2014 - 7:14 pm Commodity Pricing, Oil and Gas 360 Articles
Supermajors Prepare for New Oil Frontier by Centralizing Budgets, Focus

Supermajors Prepare for New Oil Frontier by Centralizing Budgets, Focus

Dozens, even hundreds of E&Ps and service providers in the oil and gas industry have recently announced intentions to dial back expenditures in 2015. Supermajors like Shell (NYSE: RDSB) and ExxonMobil (NYSE: XOM), on the other hand, both pledged to …

Hedge Funds on Pace for Most Closures since 2009

Hedge Funds on Pace for Most Closures since 2009

December, the final month of 2014, may be a proverbial light at the end of the tunnel for hedge funds. The year has not been kind to hedge-fund land, as CNBC explained in an October article:

First, they have …

December 3, 2014 - 6:45 pm 360 Company Releases, Commodity Pricing, Finance
Emerald Oil “Well Positioned” to Withstand Current Oil Price Environment

Emerald Oil “Well Positioned” to Withstand Current Oil Price Environment

EOX Says Breakeven Price in the Bakken is $55/BOE

Emerald Oil is a pure play Williston Basin E&P with operations targeting the Bakken, Pronghorn and Three Forks shale oil formations. The company averaged production of 3,855 BOEPD in its Q3’14 …

Oil Prices:  Possible OPEC Thanksgiving Day Outcomes

Oil Prices: Possible OPEC Thanksgiving Day Outcomes

CIBC’s Katherine Spector Lays Out a Few Scenarios

Head of Commodities Strategy for CIBC World Markets, Katherine Spector, hosted a conference call for CIBC clients on Wednesday morning in advance of both the U.S. Thanksgiving Day holiday and tomorrow’s …

Oil Prices and the Knee-Jerk Reaction from Upcoming OPEC Meeting

Oil Prices and the Knee-Jerk Reaction from Upcoming OPEC Meeting

The West Texas Intermediate (WTI) spot price sank to a four year low on November 25, 2014, closing at $73.86. The Brent price settled at $78.17. The drops for both benchmark prices wiped out gains made in recent days and …

November 25, 2014 - 6:40 pm Commodity Pricing, Finance, Oil and Gas 360 Articles
Most Economic Basins at Today’s Oil/Gas Prices

Most Economic Basins at Today’s Oil/Gas Prices

In October, OAG360 examined the internal rate of return (IRR) in two of America’s key shale basins – the Eagle Ford (EF) and Bakken. EnerCom’s analysis showed the Eagle Ford is more economic than its rival basin by a handful …

November 19, 2014 - 6:46 pm Commodity Pricing, Oil and Gas 360 Articles
Operating within the Realities of Today’s Lower Oil Prices

Operating within the Realities of Today’s Lower Oil Prices

In November’s “Energy Industry Data and Trends,” EnerCom Consulting’s monthly report to subscribers that was issued Nov. 14, the analysts looked closely at well economics as management and directors of oil and gas companies across the industry prepare for board …

Brent Price Slips Below $80 Two Weeks before OPEC Meeting, EIA Cuts Forecasts by 18%

Brent Price Slips Below $80 Two Weeks before OPEC Meeting, EIA Cuts Forecasts by 18%

On November 27, the nation’s attention will descend on the heart of Texas for another classic NFL Thanksgiving matchup between the Dallas Cowboys and Philadelphia Eagles. Cheap seats on StubHub are currently selling for $150 and up.

Also on Thanksgiving …

November 13, 2014 - 6:05 pm Commodity Pricing, Finance, Oil and Gas 360 Articles, OPEC
Colorado Wattenberg Field: Preparing a horizontal drilling rig - Oil & Gas 360

Oil Prices? Bearish for Now, but the Bulls are Coming

MS Executive Director Jeremy Friesen Sees Prices Unsustainably Low, As Both Demand And Supply Will Move At These Levels

At the November meeting of the Energy Finance Discussion Group in Denver on Nov. 11, Jeremy Friesen, Commodity Strategist for Morgan …

November 11, 2014 - 6:17 pm Commodity Pricing, Oil and Gas 360 Articles, OPEC
“Don’t Panic” Over Oil Prices, Says U.S., OPEC

“Don’t Panic” Over Oil Prices, Says U.S., OPEC

How low can oil go?

Falling oil prices seemed to level off in mid-October, quelling fears from the market that has seen the S&P 500 index drop 5% in only one week. Just when the oil market was acclimating …

November 4, 2014 - 6:40 pm Commodity Pricing, Finance, Oil and Gas 360 Articles, OPEC

BHP to Sell Texas Oil Overseas Without Formal U.S. Government Approval

Story by The Wall Street Journal

A major energy company will soon sell U.S. oil abroad without explicit permission from the U.S. government, another sign that the decades-old federal ban on crude exports is crumbling.

BHP Billiton ’s deal to …

November 4, 2014 - 6:22 pm Commodity Pricing, Energy News

Halliburton CEO Expects Shale to Reverse Oil Price Slump

Story by Bloomberg

Halliburton Co. (HAL) Chief Executive Officer Dave Lesar is joining the chorus of oil executives who say they aren’t worried about falling oil prices, and expect them to climb next year.

“Despite what people are thinking, demand …

November 4, 2014 - 6:06 pm Commodity Pricing, Energy News
EIA Reports on Benefits of U.S. Exports

EIA Reports on Benefits of U.S. Exports

Exports of liquefied natural gas (LNG) are set to begin in 2015, and the number of United States LNG export stations are expected to triple by 2019. The next phase of U.S. energy is almost here, regardless of dissenting opinions …

Alberta pushes for rule change to spur Chinese investment, gain access to global markets

Alberta pushes for rule change to spur Chinese investment, gain access to global markets

Alberta’s new political leadership is calling on Ottawa to take another look at foreign investment rules blamed for a dramatic drop in energy investments from China.When the
Synergy Resources: No Fear of Oil Prices

Synergy Resources: No Fear of Oil Prices

On Wednesday, OPEC’s secretary-general Abdalla Salem el-Badri told an energy conference that oil price weakness would likely hit output of shale oil hard, the Wall Street Journal reported. “At this price, 50% of tight oil will be out of the …