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 […]
PDC Energy Announces Strategic Combination with SRC Energy in All-Stock Transaction
Two major DJ Basin producers are merging this morning with the combination of PDC Energy and SRC Energy in an all-stock transaction valued at $1.7 billion including assumption of SRC’s net debt of $685 million. The deal creates the second largest producer in the DJ Basin (behind the pro-forma numbers of the Oxy/Anadarko combination created […]
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 […]
Tug Hill Unlocks the Deep Utica in West Virginia
E&P business in full development, midstream system connects with multiple markets. The management team behind Tug Hill, which helped pioneer the Marcellus shale more than a decade ago, now says it has cracked the code to economic development of the dry gas Utica in West Virginia. The Fort Worth company’s upstream business, THQ Appalachia I LLC, has […]
COLOMBIA’S SEA OF OPPORTUNITY
Colombia’s underexplored offshore is getting a much-needed jolt of investor confidence. Speaking on the sidelines of the Offshore Technology Conference in Houston in early May, Colombia’s Luis Miguel Morelli, who heads the Agencia de Hidrocarburos (ANH), told a Drillinginfo analyst that two exploration ventures are being planned for the 2020 wildcatting season. “Next year is […]