The Week Ahead For Crude Oil, Gas and NGLs Markets – September 16, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories posted a decrease of 6.9 MMBbl last week, according to the weekly EIA report. Gasoline inventories decreased 0.7 MMBbl, while distillate inventories increased 2.7 MMBbl/d. Total petroleum inventories posted a decline of 3.1 MMBbl. US crude oil production was flat week over week per EIA, while crude oil […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – September 9, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories posted a decrease of 4.8 MMBbl last week, according to the weekly EIA report. Gasoline and distillate inventories decreased 2.4 MMBbl and 2.5 MMBbl, respectively. Total petroleum inventories posted a decline of 4.9 MMBbl. US crude oil production decreased 100 MBbl/d from the week before, per EIA, while […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – September 3, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories posted a substantial decrease of 10.0 MMBbl last week, according to the weekly EIA report. Gasoline and distillate inventories both decreased 2.1 MMBbl. Total petroleum inventories posted a significant decline of 11.2 MMBbl. US crude oil production was up 200 MBbl/d from the week before, per EIA. The […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – August 26, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories posted a decrease of 2.7 MMBbl last week, according to the weekly EIA report. Gasoline and distillate inventories increased 0.3 MMBbl and 2.6 MMBbl, respectively. Total petroleum inventories posted a build of 4.0 MMBbl. US crude oil production was flat versus the week prior, per EIA, while crude […]
Crude Oil Inventory Draw First Time in 3 Weeks Lends Some Support to Prices
[contextly_auto_sidebar] US crude oil stocks posted a decrease of 2.7 MMBbl from last week. Gasoline and distillate inventories increased by 0.3 MMBbl and 2.6 MMBbl, respectively. Yesterday afternoon, API reported a crude oil draw of 3.5 MMBbl, while reporting a gasoline draw of 0.4 MMBbl and a distillate build of 1.8 MMBbl. Analysts were expecting […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – August 19, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories posted an increase of 1.6 MMBbl last week, according to the weekly EIA report. Gasoline inventories decreased 1.4 MMBbl, while distillate inventories also decreased, shedding 1.9 MMBbl/d. Total petroleum inventories posted a build of 2.4 MMBbl. US crude oil production was flat versus the week before, per EIA, […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – August 12, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories posted an increase of 2.4 MMBbl last week, according to the weekly EIA report. Gasoline inventories increased 4.4 MMBbl, while distillate inventories increased 1.5 MMBbl. With all these increases, total petroleum inventories posted a large build of 10.4 MMBbl. US crude oil production increased 100 MBbl/d, while crude […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – August 5, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories posted a decrease of 8.5 MMBbl last week, according to the weekly EIA report. Gasoline inventories decreased 1.8 MMBbl, while distillate inventories decreased 0.9 MMBbl/d. With the draw in crude inventories, total petroleum inventories posted a significant decrease of 10.1 MMBbl. US crude oil production increased 900 MBbl/d […]
CANADIAN OIL AND GAS WELL NUMBERS
Several weeks ago I wrote about US Well Numbers and the basics of how they are numbered and who numbers them along with the standards committee that sets the rules. Today I’m writing about the Canadian system which is very different from the US but as a geologist I find it elegant, logical and very easy to […]
THE API NUMBER IS DEAD – LONG LIVE THE US WELL NUMBER
I first want to apologize to all non-U.S. readers. This article is about US well numbers and the way we uniquely identify wells here in the US. The common way to identify a well in the world is to give the well a unique well identifier (UWI). Here in the US we have a specific […]