Production in the Permian Basin was impacted this last week due to freezing rain and temperatures dropping into single digits, according to news releases from Energen (ticker: EGN)…
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 …
The drop in crude oil prices is well documented, but will natural gas follow suit with winter approaching?
The West Texas Intermediate spot prices closed at a two year low of $80.52 yesterday, down a total of $19.90 in the …
When and where will the dust settle?
Brent crude traded at $86.50 Tuesday morning, at the same time WTI was trading at $84.25. By midday they were both down, to $86.00 and $82.66, respectively. By afternoon, Brent was off …
With WTI crude oil trading between $83.59 and $86.29 per barrel on Friday, questions about a bear market for commodity prices linger. This morning, Oil & Gas 360® talked to the Baird energy research team about ramifications from this week’s …
E&Ps and OilService companies are watching closely to see where oil ends up after a week-long price slide that has dragged down shares of oil and gas companies along with it. With OPEC output rising in recent months and both …
Overall, 29% of all rigs in the United States are running in the Permian
Infrastructure constraints. Spot prices trading at a considerable discount to Cushing. Questions about the longevity of the oil boom.
E&Ps hear all the concerns in the …
The stock market posted its second straight day of sizable losses on Tuesday, and the oil market was not spared from the bullish trading. West Texas Intermediate (WTI) for November delivery closed at $88.85, a 17-month low, on October 7, …
Today the EIA put out its September Natural Gas Monthly, with data through July 2014. In the report, the U.S.’s July dry gas production of 70.4 Bcf/day set the record for “the highest ever for any month,” the EIA …
President Obama addressed the nation on Wednesday night, urging Congress to increase funding, assistance and conduct “a series of strategic airstrikes” against the Islamic State, or ISIL, the group marching across Iraq that recently beheaded two American journalists on …
On Monday, U.S. crude oil, reacting to a less worrisome geopolitical climate in Iraq and Ukraine, fell to its lowest level since January at $92.66 for October delivery.
Monday’s “biggest decliners in the S&P 500 were oil drilling and exploration …
The Energy Information Administration reported a build of 79 Bcf for the week ended August 29, 2014, in its latest Weekly Storage Report. The new inventory total of 2,709 Bcf is 471 Bcf less than 2013 and 495 Bcf …
Ethane, one of the natural gas liquids (NGLs), is a byproduct of natural gas production. Ethane is used as petrochemical feedstock and is key in making polyethylene—plastic. Ethane is also used in the production of products like antifreeze and detergents.…
