Latest Opinions


This Oil Price Rally Has Reached Its Limit

Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel. Oil traders are much more optimistic than they were just a month ago, and the market is on the upswing. However, the rally could run out of steam in the not-so-distant future, a familiar result for ...

Oilprice Staff


Posted 2 years agoOpinion > oilprice

What could $65/b WTI mean for oil production in the Permian?

Clearly, the alleged deal between OPEC members and other cooperative nations has generated a fair amount of optimism among market participants. However, given so many unknowns and the near term mentality of the agreement, what the future may hold with respect to production and prices is, to say the ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > oil priceOPECPermian

On OPEC Day, US Operators Focused On Making Better Wells Instead

While the rest of the world focused on OPEC on November 30, US operators were focused on making their tight oil wells more effective with cutting edge innovation. I spent OPEC day in Houston with 35 senior US completions executives at the Darcy Completions Forum , squarely focused on emerging tech ...

Joseph Triepke - Infill Thinking


Posted 2 years agoOpinion > completionsFrackingTechnology +2

Oilfield AI? Let's not forget the human element

Machine learning is great, but effective well management means getting the right data to the right humans – where and when they need it. By Grant Eggleton Drilling and production engineers are well-acquainted with the constant grind of firefighting that defines so much of well management. Dete ...

Clara Fuge - P2 Energy Solutions


Posted 2 years agoOpinion > aimachine learningArtificial intelligence +1

Regulations, green concerns and legal issues have made life hell for the landman – if only there were one map to rule them all

Leaders in the upstream sector are under intense pressure to drive business value for their companies. Land management is a significant, but complex and uniquely challenging part of that challenge. There is so much to be taken into account when drilling a well, from ownership to shifting government ...

Clara Fuge - P2 Energy Solutions


Posted 2 years agoOpinion > land managementleasefield operations +1

Has tight oil put ‘peak oil’ to rest? Not so fast: Fuel for Thought

Eighteen years ago, the International Energy Agency made an alarming and, by its own admission, controversial prediction. Global conventional oil output would peak well before 2020, it said, based on global oil reserve modeling of the day. Pondering the potential repercussions of Peak Oil for the f ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > Tight OilPeak OilPlatts

Rethinking the WTI/gold ratio as oil fundamentals change

Maybe it's time to scrap these oil vs. gold comparisons. It's possible the historic relationship has collapsed into a new normal, and anybody trading an arbitrage expecting a return to the old norm might have a long, long wait. We first took a year-end look at the spread between oil and gold severa ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > PlattsGoldWTI +1

DW Monday: Obama’s Legacy

As President Obama leaves the Oval Office on Friday, he leaves a legacy of mixed fortunes for the energy industry. While many in the business have been vocal critics of the 44 th President and some of his more controversial legislations, there have been a number of positive aspects that occurred u ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > DW MondayObamaDonald Trump

Crude correlations about crude oil can shed light on changes

Statistical correlations are interesting things. One of my favorite websites, and now a book, is Spurious Correlations . The site's author looks at seemingly unrelated data sets that correlate in interesting ways. For example, there is a high degree of statistical correlation between the per capita ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > PlattsCrude

Permian returns are producing all of the oil drilling drama

In the last year, commodity prices have improved considerably. While oil prices were sub-$40/b in early 2016, producers were cutting back on new drilling and focusing on efficiencies — by cutting costs and concentrating drilling in the highest initial production (IP) rate counties — to get the most ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > PlattsPermian

Could 3-D printers hasten peak oil demand? – Fuel for Thought

A global transition away from oil and gas is well underway as booming renewable energy sources and electric cars portend major changes for the industry. Last week BP outlined the challenges ahead, but the company's crystal ball has yet to focus on the disruptive potential from what may be the bigg ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > Platts3D Printeroil demand

US border policy could curb travel amid already weak jet fuel demand

Uncertainty surrounding the Trump administration's efforts to harden the US border could cut into business travel demand this year at a time when jet fuel demand is already quite weak, at least according to travel agents surveyed in the US and Europe this month. Winter is typically a slow time for ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > Platts

Why a tightening US natural gas system could put the squeeze on LNG

Europe is banking on cheap US LNG exports competing with Russian pipeline natural gas to keep prices low and global supplies plentiful. But the US natural gas system is not as comfortable as you might think. The US produced less gas in 2016 than in 2015, the first time since 2005 that gas output ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > PlattsLNGUSA +1

Major E&P challenge: Fully exploiting data’s extraordinary value

Understanding data & its potential E&P companies are finally seeing data as a powerful asset, with decision-makers recognizing that the value from data can be game changing. For any company, however, it begins with getting on the same page with what data actually means. Unfortunately for many E ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > dataBig Data

The Keystone XL Pipeline: A Risky Bet on Higher Oil Prices and Tight Oil

The Keystone XL Pipeline (KXL) is a bet on much higher oil prices several years from now.  It will take at least $85 oil prices to develop the new oil sand projects needed to fill the pipeline. It is also a bet that U.S. tight oil output will continue to grow and will need heavy oil to blend for ...

Art Berman - The Petroleum Truth Report


Posted 2 years agoOpinion > Art BermanKeystone XL Pipeline
Last fetch 10/16/2019 12:37:09 AM