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 …
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,” …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 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 …
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 …
But oil trades lowerCrude 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, …
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 …
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 …
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 …
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, …
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 …
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 …
93 Million Non-Working AmericansThe 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 …
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 …
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 …
The Energy Information Administration (EIA) released the annual statistics on the world’s three largest oil and gas hydrocarbon producers this week. The United …
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 …
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 …
Rig counts have fallen for 13 straight weeks heading into the latest update, scheduled for tomorrow, March 13. Rigs in gas plays have remained relatively steady, but the drop-off in oil-focused regions has been severe. In this edition of Oil …
The Energy Information Administration (EIA) reported yet another monster build to crude inventories for the week ended February 27, 2015. The latest Weekly Petroleum Status Report added 10.3 million barrels to inventories that are already believed to be the highest …
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 …
United States crude production is expected to be at its highest since 1986, according to information compiled from Bloomberg and the Energy Information Administration. The increased domestic production has allowed the U.S. to diminish its need for imports – a …
The rig count is dropping, but crude inventories continue to grow. In fact, EnerCom’s Crude Oil Cuttings inventory report is at risk of expanding the maximum range of barrels, a move we’ve never been prompted to make.
The Energy Information …
