Magnum Hunter CEO on BNN Television
October 21, 2013
Gary Evans, Magnum Hunter’s Chairman and CEO, was on BNN Television discussing his company’s Utica upside potential, and plans for near-term non-core asset sales.
United States Future in Stock Market, Oil Imports Unclear as Debt Ceiling Nears
October 15, 2013
As the impasse in Washington drags closer to the Thursday debt ceiling deadline, the wait-and-see approach adopted by many Americans has had little effect on the stock market. Government entities haven’t been as fortunate. Furloughed workers and the closing of agencies, including the Energy Information Administration (EIA), are feeling the heat from the bitter political standoff. Traders expressed optimism at
Natural Gas: Beats Coal and Nuclear on Economic and Environmental Levels
October 7, 2013
Oil production alone has risen 34% since 2005, and the US continues to be the world’s chief producer of natural gas. Despite the surge in hydrocarbon resources, the coal industry is suffering. The vast natural gas supply unlocked by hydraulic fracturing and horizontal drilling has pushed prices below $4.00 per MMbtu. The low price of natural gas has made it
OPEC Output Hits Two-Year Low – Analysts Encouraged by Potential Energy Independence in the United States
October 3, 2013
According to a recent survey by Reuters, OPEC’s oil output dipped to a two-year low, falling from 30.32 MMBOPD in August 2013 to 30.07 MMBOPD in September 2013. The survey comes despite the fact that Saudi Arabia, the world’s largest oil exporter, has not weaned its production and continues to export more than 10 MMBOPD. The September 2013 OPEC output
President Rouhani Hopes “New Era” Can Soothe Political and Economic Difficulties in Iran
September 27, 2013
Dr. Hassan Rouhani is the seventh President of the Islamic Republic of Iran. He has been a Representative of the Supreme Leader to the Supreme National Security Council, a Member of the Expediency Council, and a Member of the Assembly of Experts. He took office on August 4, 2013, succeeding Mahmoud Ahmadinejad. Previously, Rouhani served as Iran’s nuclear negotiator to
Companies Cautious With Western Gulf of Mexico Lease Sale 233
August 28, 2013
The Bureau of Ocean Energy Management (BOEM) held its Western Gulf of Mexico (GOM) Lease Sale 233 on August 28, 2013, which raised $102.4 million in high bids. The event auctioned 3,873 tracts from nine to 250 miles offshore, in water depths ranging from 16 to more than 10,975 feet. By comparison, the Central Gulf of Mexico Lease Sale netted
Crude Oil Cuttings (Week Ended 7/5/13)
July 10, 2013
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
U.S. and Mexico to Jointly Develop Gulf of Mexico
July 3, 2013
An agreement between the U.S. and Mexico is prompting U.S. oil and gas offshore operators in the Gulf of Mexico to brush up on their Spanish. The passage of H.R. 1613 in the U.S. House of Representative is expected to establish a transboundary agreement to allow joint energy development projects between U.S. energy companies and the Mexican state owned oil
Let’s Work For America, Not Against It; Climate Change Speech Positive for Natural Gas
June 26, 2013
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.
Gary Evans – Magnum Hunter Resources
June 20, 2013
Chairman and CEO Gary Evans appeared on Fox Business News.
Natural Gas Roundup (Week Ended 4/19/13)
April 25, 2013
NATURAL GAS INVENTORY Current: 1,734 Bcf Actual Injection/(Withdrawal): 30 Bcf Economist Average Estimate: 32 Bcf Previous: 1,704 Bcf Click here for the chart with five year averages. NATURAL GAS IN THE MEDIA *Pressure Mounts on US to Export Natural Gas – CNBC As the U.S. produces more of its own energy, pressure is mounting on the federal government to move
Crude Oil Cuttings (Week Ended 4/12/13)
April 17, 2013
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
