Industry News

Exploring the Scoop/Stack Oil & Gas Play in Oklahoma

Oklahoma’s entries in the national shale playbook sound like an encrypted play call in an American football game: SCOOP, STACK, Merge,...

The Energy World is Changing…Fast

What more can I possibly say? Oil is trading at a 3.5 year high. Missiles are flying over Riyadh. Global oil...

Forget Iran. The Real Oil Action Is in China

Surging products exports and declining domestic fields are driving an imports boom. Forget Iran, shale and Opec. The real action in...

A Crisis At The Heart Of U.S. Shale

The bottlenecks in the Permian are starting to capture the attention of the oil market, raising the prospect that U.S. shale...

An oil crisis may be brewing — and it’s not because of decreasing demand

Some think the oil market is approaching peak demand as electric vehicles become more popular. But others think the oil industry...

Global oil demand in 2017 grew fastest in a decade: IEA

Global oil demand rose by 1.5 million barrels a day in 2017, growing at 1.6 per cent, more than twice the...

‘Enormous’ Merge Play Resource Rivals Major World Gas Fields, Largest Discoveries

Producers in the recently opened Merge play of Oklahoma’s Anadarko Basin are sitting atop a resource that rivals some of the...

How can investors miss one of the most lucrative investment opportunities in decades?

Sprott Energy Strategy, March 2018 Commentary How can one of the most lucrative investment opportunities in decades stare investors in the...

2018 Crude Storage Estimate Is Unbelievably Bullish

The EIA oil storage report shows crude storage decline of 7.419 million bbls vs. our forecast of 7.84 million bbls. We...

Revenge Of The Oil Services Sector In 2018

For those looking for something to blunt the seemingly unstoppable growth of American tight-oil production, look no further than the battered...

ALL-TIME LOW FOR DISCOVERED RESOURCES IN 2017: AROUND 7 BILLION BARRELS OF OIL EQUIVALENT WAS DISCOVERED

These trends give us a potential look into the future.  Low Capital investments (off ~50% from 2014) due to low oil...

Trader who predicted oil under $30 says prices could rally to $100

The same analyst that predicted a fall from $100 oil to $25 in 2015 (and he nailed it) is now predicting...

What are emerging technologies doing to oil demand?

Lost in the discussion about when oil demand might peak due to the adoption of electric vehicles is the broader, long-term...

Texas oil patch ‘bloodbath’ is over as jobs and rigs return

FORT WORTH: Hiring in Texas oil and gas fields is rising sharply as the industry steadily recovers from its most recent downturn....

The U.S. Over-Supply Of Oil Is Ending

The U.S. over-supply of oil is ending. by Art Berman, Forbs Comparative inventory (C.I.) has been dramatically reduced in 2017. Levels have...

Billions of dollars of bad oil and gas loans

IN HIS BOOK, the Big Rich, Bryan Burrough recounts a conversation when the legendary Texas oil man Clint Murchison was in...

Macro trends in the oil and gas business point to an underlying problem.

Following these trends creates the opportunity. By Jeff Johnson, CEO of EPUS Global Energy The oil and gas business has become very...

Oil Will Hit $70 Peak This Year: Raymond James Analyst

Longtime Raymond James energy analyst Pavel Molchanov talks to ThinkAdvisor about his top oil stock picks and whether President Trump can...

Oil jumps to near eight-week high after big draw in U.S. crude stocks

NEW YORK (Reuters) – Oil prices rose to near eight-week highs on Wednesday, with Brent crude futures at over $50 a...

An oil boom is coming sooner than you think

Despite the support of OPEC, crude prices remain in the doldrums again this year. While many initially expected that oil would stay...

The U.S. Natural Gas Market – A Quiet Revolution?

BHI recently reported that the U.S. natural gas rig count had increased to 145 rigs, up a total of 24 rigs...

Citi: Oil Prices Have Bottomed And Are Now Set To Soar

One day after Goldman issued a confused, rambling note in which the bank cuts its 3-month WTI price target by $7.50...

Oil Producers in Consensus to Extend Cuts, OPEC Members Say

“We should all remember that as Saudi Arabia draws closer to the later part of 2018, the announced time of...

Drillers Can’t Replace Lost Output as $100 Oil Inheritance Spent

by Rakteem Katakey (Bloomberg) For oil companies, the legacy of $100 crude is starting to run dry. A wave of projects approved...

Renewable Energy, Growing But Still NOT ready for Prime Time

Although renewables are indeed important for the future of energy, the renewable energy use vs fossil fuels shows it has a long...

Oil is a buy for Citigroup as Goldman says market getting tight

By GRANT SMITH, ALEX LONGLEY AND JONATHAN FERRO LONDON (Bloomberg) — Oil’s slump to a five-month low is driven purely by...

IEA: Global oil supply to lag demand after 2020 unless new investments approved soon

PARIS — Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil...

Citigroup sees $60 oil as OPEC combats roaring U.S. shale

SINGAPORE (Bloomberg) — Citigroup Inc joined Goldman Sachs Group in backing commodities, saying it’s the season to have faith in raw...

Oil set for longest gain since 2012 as Saudis seen extending cut

LONDON (Bloomberg) — Oil advanced for an eighth day in London, the longest gain since 2012, on confidence Saudi Arabia will...

Goldman Sachs still confident in crude

SINGAPORE (Bloomberg) — Goldman Sachs Group Inc. says keeping the faith in commodities is paying off. Four weeks after the bank...

IEA warns of potential shortage of global oil supplies in 3 years

The recent drop in oil industry investment brought on by weak prices threatens to significantly slow supply growth in the long...

Contrarian fund managers expect oil prices to double to $100 by 2018

“Missing barrels” has always been a challenge regarding the IEA analysis. This article provides an intriguing explanation. “Prior to the uptick...

WoodMac: 2017 will be year of ‘opportunity’ for oil firms

OPEC’s production deal and recent crude price strength should make 2017 a more profitable year for upstreams, according to a report...

Trader who called price slump sees OPEC deal boosting crude to $70

LONDON (Bloomberg) — Hedge fund manager Pierre Andurand expects the combined output cut agreed to by OPEC and Russia will boost...

Permian – hottest O&G zip codes, or dangerous bubble?

The wheels on the bus go round and round. Takeaways: 1. With $1B of dry powder on the sidelines for about...

Goldman says OPEC deal probable, raises WTI price forecast

By BRIAN WINGFIELD on 11/21/2016 NEW YORK (Bloomberg) — Goldman Sachs Group raised its oil-price forecast for early next year, saying...

OIL: I Think We’ve Hit Bottom – Dallas Fed’s Director of Research

Oil Price Shocks: Mine Yucel Addresses Denver Energy Group “It’s probably going to be a rough patch for the industry and...

World Bank boosts 2017 crude oil forecast to $55 per barrel

With an 18% return @ $35 oil, our funds look very promising @ $55 oil… The World Bank raised its crude...

The King Sets His Own Ransom

Written by: Jeff Johnson Big Oil, Banks & Wall Street are not always as they appear….. Saudi Aramco first announced the...

43% Of PE Firms Planning Global Oil And Gas Acquisitions In 2017

“Private equity is poised to drive oil deals valued at $100 million plus. Whoever is there to take the scraps off...

Saudi minister says oil at $60 by year-end not ‘unthinkable’

The oil-price could recover to $60/bbl by the end of 2016, said Saudi Arabia’s Energy Minister, just weeks after agreeing to...

U.S. crude oil imports rise during first-half 2016, first increase since 2010

During the first half of 2016, U.S. gross crude oil imports increased by 528,000 barrels per day (b/d), or 7%, compared...

Price Downturn Results in Asset Write-Downs of more than $185 billion

SINCE THE PRICE of oil suddenly dropped in late 2014, nearly 400 public oil and gas companies have written down over...

Oil execs see 2017 as a year of recovery, Deloitte survey finds

The two-year downturn in the oil and gas industry may be coming to a close. An annual survey released by Deloitte,...

Oil extends gain after U.S. crude supply tumbles to 7-month low

Oil extended gains after government data showed U.S. crude inventories declined to the lowest level since February. Crude stockpiles decreased 6.2...

Oil is setting up for a monster rally

Bank of America Merrill Lynch is bullish on the energy sector again. In a note out Tuesday, Savita Subramanian, the head...

Oil Bankruptcies Leave Lenders With ‘Catastrophic’ Recovery Rate

U.S. oil bankruptcies haven’t been this “catastrophic” for lenders in a long time, in what may be the worst bust of...

Texas company to purchase Yates Petroleum in $2.5B deal

One of the largest oil and gas producers in the U.S. is purchasing a privately-held New Mexico company and some of its subsidiaries in a...

Market Alert: Oil majors’ debt climbs to record high

The total debt held by four of world’s largest oil companies has hit a record high. According to data collected by...

M&As are back as oil industry shifts from survival to growth

Multi-billion-dollar oil and gas deals are back on the table. More than $11 billion of transactions were announced globally in July...