Chart of Week

Canadian Oil Sands Production Expected to Increase: EIA

Canadian Oil Sands Production Expected to Increase: EIA

New Canadian oil sands projects are more costly to shut down than continue running

EIA Canadian Oil Sands Production

Despite lower oil prices, Canadian oil sands production is expected to continue growing, and be the main driver behind increased Canadian production as a whole, in …

Gulf of Mexico Production Expected to Reach Record High in 2017

Gulf of Mexico Production Expected to Reach Record High in 2017

Gulf of Mexico production will account for 21% of U.S. production next year

Gulf of Mexico expected production

Production from the Gulf of Mexico is expected to continue growing, despite the current price environment. With eight projects that came online in 2015, four expected in …

The Leading Source of Oil in 2035—It’s Not OPEC:  BP

The Leading Source of Oil in 2035—It’s Not OPEC: BP

Non-OPEC unconventional sources expected to provide growth in supply through 2035

BP 2016 Energy Outlook Supply Growth

The continued growth of global economies will continue to drive demand for energy around the world, according to BP’s (ticker: BP, BP.com) 2016 Energy Outlook.

According to the …

$20 Oil Not New to Some Producers

$20 Oil Not New to Some Producers

Certain crude grades from around the globe are already at or below $20 per barrel

Oil and gas prices for the U.S. crude benchmark WTI, and international crude benchmark Brent, closed below $30 per barrel today, but some producers are …

The IPO that Was (and May Still Be):  How Big is Saudi Aramco?

The IPO that Was (and May Still Be): How Big is Saudi Aramco?

Last week, a Saudi crown prince dropped a bombshell in an under-the-radar interview that was published in The Economist. He said that the kingdom was looking into spinning off Aramco, or some portion of it, to raise cash.

Comments regarding

U.S. Oil Prices: Export Ban Lifts, See What Happens

U.S. Oil Prices: Export Ban Lifts, See What Happens

The Brent/WTI spread disappears

Last Friday, Dec. 18, the United States Senate adopted the Omnibus Appropriations Act by a vote of 65-33 as did the House of Representatives by a 316-113 vote. Later that day, President Obama then signed into …

Oil and Gas Spending Cuts Already Apparent for 2016

Oil and Gas Spending Cuts Already Apparent for 2016

The year over year drops in 2015 capital expenditures were significant, but apparently not significant enough.

Budgets for 2016 are trickling onto the newswires, and some of the largest companies in the business are pulling back on costs yet again. …

Comparing Global Oil Production, Consumption and Exports

Comparing Global Oil Production, Consumption and Exports

Oil & Gas 360 - Global oil production, consumption, exports

Regardless of commodities prices, oil fuels the world’s economies. In this Chart of the Week, we look at which countries are producing, consuming and exporting it.

Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. …

OPEC Countries: When the Money Runs Out, Then What?

OPEC Countries: When the Money Runs Out, Then What?

Bridging the budget gap

Lower commodity prices have hurt the economies of all of OPEC’s members considerably, with many of them needing to borrow money to bridge the budget gap. Libya, in particular, is expected to need large loans through …

WTI Price Increasingly Unstable Since OPEC 2014 Decision

WTI Price Increasingly Unstable Since OPEC 2014 Decision

The price of U.S. benchmark WTI crude is becoming increasingly volatile

WTI, OPEC

The price of U.S. crude oil benchmark West Texas Intermediate (WTI) has been increasingly volatile since November of last year, following the decision by OPEC to maintain production over …

$50 Oil: Are We Back at “Normal”?

$50 Oil: Are We Back at “Normal”?

Oil prices coming in line with their historic levels during the past 41 years

ECI Oil Price Adjusted for Inflation Final

As companies, analysts and others look at oil prices stabilizing in the $45-$50 range for U.S. crude oil benchmark WTI as a post-Thanksgiving 2014 “new normal,” …

United States Rig Count Approaching 800 Following Largest Drop since April

United States Rig Count Approaching 800 Following Largest Drop since April

Oil Rigs Reach New Five-Year Low

A few months ago, speculation of a rig count trough offered promise of the oil industry bottoming out. Since then, oil prices seem to have stabilized, but rig counts are a different story.

The …

October 2, 2015 - 6:38 pm Chart of Week, Commodity Pricing, Oil and Gas 360 Articles
U.S. Propane Inventories Reach All-Time High

U.S. Propane Inventories Reach All-Time High

Seasonal builds began six weeks early in 2015

EIA Propane Inventories

U.S. inventories of propane and propylene reached 97.7 million barrels as of September 11, the highest level in the 22 years that the Energy Information Administration (EIA) has collected weekly propane inventory …

September 21, 2015 - 5:02 pm Chart of Week, Oil and Gas 360 Articles
Chart of the Week: U.S. Energy Use in 2014

Chart of the Week: U.S. Energy Use in 2014

Petroleum, NatGas, Coal & Nuclear Delivered 89% of U.S. Energy in 2014

U.S. Energy Use: in its September release of the second Quadrennial Technology Review (QTR), AN ASSESSMENT OF ENERGY TECHNOLOGIES AND RESEARCH OPPORTUNITIES, the U.S. Department of Energy …

September 14, 2015 - 4:29 pm Chart of Week, Oil and Gas 360 Articles
Natural Gas’s Premium as LNG

Natural Gas’s Premium as LNG

Pricing shifts in favor of selling natural gas as LNG

LNG

As natural gas has become increasingly abundant in the United States, selling production as liquefied natural gas (LNG) has become an ever-more attractive alternative to selling gas production domestically. This …

September 1, 2015 - 2:06 pm Chart of Week, LNG, Oil and Gas 360 Articles
Generating 20% IRRs with $38 Oil

Generating 20% IRRs with $38 Oil

EnerCom Analytics’ well cost sensitivity by basin

EnerCom Analytics Well Cost Sensativite 08252015

EnerCom Analytics ran an analysis of well costs for various basins in December to help illustrate at what cost wells needed to be drilled to generate at least 20% IRRs. With oil prices …

Coal vs. Natural Gas: NatGas Takes the Lead

Coal vs. Natural Gas: NatGas Takes the Lead

As natural gas prices come more in-line with coal, generators make the switch

This chart, provided by EnerCom Analytics, shows the increasing use of natural gas as opposed to coal for electrical generation. April 2015, marked the first time ever

August 14, 2015 - 5:58 pm Chart of Week, Oil and Gas 360 Articles
Power Sector Carbon Dioxide Emissions Hit 27-Year Low

Power Sector Carbon Dioxide Emissions Hit 27-Year Low

Carbon emissions from the power sector at lowest level since 1988

Electrical Power Sector Carbon Emissions

The electric power sector emitted 128 million metric tons of carbon dioxide (MMmt CO2) in April 2015, according to information from the Energy Information Administration (EIA). This …

August 5, 2015 - 12:26 pm Chart of Week, Oil and Gas 360 Articles
Marcellus, Utica Driving 85% of Shale Gas Growth Since 2012

Marcellus, Utica Driving 85% of Shale Gas Growth Since 2012

Per well efficiencies up 2.6x in the Marcellus and 22.3x in the Utica since 2012

EIA Marcellus and Utica Natgas Growth

Increased productivity of natural gas wells in the Marcellus and Utica Shale basins is responsible for 85% of increased natural gas production in the United …

Natural Gas Production Pushing Down Prices and Margins

Natural Gas Production Pushing Down Prices and Margins

Operators reducing operating expenses to match price downswing

ECI Natural Gas Production and Prices

Natural gas production has continued to rise over the last nine years, steadily pushing down the price of natural gas at Henry Hub, and putting increasing pressure on companies’ cash margins. The …

July 23, 2015 - 1:02 pm Chart of Week, Oil and Gas 360 Articles
U.S. petroleum exports averaged 4.1 MMBOPD for the first four months of 2015

U.S. petroleum exports averaged 4.1 MMBOPD for the first four months of 2015

U.S. Gulf Coast Makes up 75% of Petroleum Product Exports

US Petroleum Exports Imports

Roughly 75% of exported petroleum products come from the U.S. Gulf Coast, according to information from the Energy Information Administration (EIA). More than half of the country’s refining capacity is …

July 8, 2015 - 2:22 pm Chart of Week, Oil and Gas 360 Articles
Chart of the Week: Crude Oil Inventories Steadily Retreating

Chart of the Week: Crude Oil Inventories Steadily Retreating

UntitledBut oil trades lower

Crude oil inventories dropped for the eighth straight week in the Energy Information Administration’s Weekly Petroleum Status Report for the week ended June 19, 2015.

Inventories peaked at 490,912 MBO in the last week of April, …

Free Falling Prices for Goods and Services in Oilfields

Free Falling Prices for Goods and Services in Oilfields

Extraction pricing feeling the most pressure

The decision by E&P companies to cut capital expenditures and increase efficiencies following the dramatic fall in oil prices put downward pressure on other sectors of the oil and gas industry.

The Bureau of …

Data: American Petroleum Institute Graph: OAG360

Texas Produces More Natural Gas than any OPEC Country

Texas crude oil production beats all but OPEC’s three largest producers

Information from the American Petroleum Institute (API) shows that Texas produces more dry natural gas than any OPEC nation. On a global scale, the only country that beat dry …

June 5, 2015 - 5:31 pm Chart of Week, Oil and Gas 360 Articles
Chart of the Week: Comparing OPEC Rig Counts

Chart of the Week: Comparing OPEC Rig Counts

Saudi Arabia has the highest number of active rigs in its history

The global oil market has changed drastically since the last meeting of the Organization of Petroleum Exporting Countries (OPEC) in November 2014. However, the intentions of each of …

May 27, 2015 - 6:31 pm Chart of Week, Oil and Gas 360 Articles
Chart of the Week: Net Natural Gas Imports Lowest Since 1987

Chart of the Week: Net Natural Gas Imports Lowest Since 1987

Natural gas imports continue 8 year decline

Net Natgas Imports Lowest since 1987

Net natural gas imports to the United States decreased 9% in 2014, continuing an eight-year decline, according to the Energy Information Administration (EIA). As U.S. dry natural gas production has reached record highs, …

May 21, 2015 - 12:22 pm Chart of Week, Oil and Gas 360 Articles
Source: PRIX Index

PRIX Index Predicts Increased Oil Exports from Iraq and Iran

Geopolitics in commodity markets can be one of the hardest factors to predict when forecasting global market movements.

The most recent update to the PRIX Index, published April 30, showed an overall value of 56, meaning exports from the …

EIA: Expect Natural Gas to Carve Out a Greater Market Share

EIA: Expect Natural Gas to Carve Out a Greater Market Share

Natural gas continues to grow

EIA Electricity Generation by 2040

The Energy Information Administration (EIA) expects natural gas to account for 31% of electricity generation by fuel type by 2040. In the EIA’s Annual Energy Outlook (AEO) 2015, the administration predicts that the percentage …

May 4, 2015 - 7:00 pm Chart of Week, Oil and Gas 360 Articles
Non-Working Americans: Enough to Populate the World’s 16th Largest Country

Non-Working Americans: Enough to Populate the World’s 16th Largest Country

chart-of-week-0428201593 Million Non-Working Americans

The United States Bureau of Labor Statistics defines people not in the work force as being 16 years and older who are not employed and have not “made specific efforts to find employment sometime during the …

April 28, 2015 - 7:20 pm Chart of Week, Oil and Gas 360 Articles
Chart of the Week: U.S. Energy Intensity Declining

Chart of the Week: U.S. Energy Intensity Declining

U.S. energy intensity has declined by 13% since 2005

Energy Intensity

The Energy Information Administration (EIA) released annual statistics about carbon dioxide (CO2) emissions in the United States today. CO2 emissions in the U.S. increased for a second year in a …

April 20, 2015 - 1:44 pm Chart of Week, Oil and Gas 360 Articles