Post Tagged with: "Oil & Gas 360 Chart of the Week"

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. …

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
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, …

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: 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 …

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 …

Chart of the Week: Rig Counts by Oil Plays

Chart of the Week: Rig Counts by Oil Plays

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 …

March 12, 2015 - 6:09 pm Chart of Week, Oil and Gas 360 Articles
Chart of the Week: How much Storage Capacity do we have left?

Chart of the Week: How much Storage Capacity do we have left?

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 …

March 4, 2015 - 6:11 pm Chart of Week, Oil and Gas 360 Articles
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 …

Chart of the Week: Crude Inventories Highest on Record

Chart of the Week: Crude Inventories Highest on Record

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 …

January 28, 2015 - 1:44 pm Chart of Week, Oil and Gas 360 Articles
Source: EnerCom's Crude Oil Cuttings

Chart of the Week: Crude Inventories at All-Time January High

The crude oil inventory build for the week ended January 16, 2015, was far above the predictions of any industry analyst. In fact, the build is the largest since May 31, 1996, when the Energy Information Administration reported a build …

January 22, 2015 - 3:33 pm Chart of Week, Oil and Gas 360 Articles
Chart of the Week: Natural Gas Pricing Forecast

Chart of the Week: Natural Gas Pricing Forecast

Oil  Gas 360 Chart of the Week EnerCom Natural Gas Pricing ForecastAs indicated by EnerCom’s Natural Gas Roundup inventory report, gas levels fell in line with five year averages for the first time in nearly a full calendar year in the report issued on December 12, 2014. Storage levels were as …

December 22, 2014 - 6:56 pm Analytics, Chart of Week, Oil and Gas 360 Articles
U.S. Debt Surpasses $18 T

U.S. Debt Surpasses $18 T

Real Time View of the Growing Number of Congress-Authorized U.S. Dollars that Future Generations Will Have to Repay

Back in January of 2014, Global Economic Analysis charted the trend line for the U.S. national debt. The debt surpassed $18 trillion …

December 3, 2014 - 1:30 pm Chart of Week