Permian


All posts for Permian

Dr. Daniel Fine: Oil Speculation and Natural Gas/LNG in New England and Russia

American oil production is poised to reach upward to 11 million barrels of oil per day if the price of West Texas Crude reaches $75 a barrel.   Saudi Arabia or Saudi Aramco believes it will, and commodity speculators are following. It is similar to 2008 in June when Goldman Sachs forecast $250 per ...

Will Fine


Posted 1 year agoOpinion > Kingdom of Saudi ArabiaSaudi ArabiaSaudi Arabia Oil +34

U.S. Crude Oil Production Growth Projected to be Led by Light, Sweet Crude Oil

Source: U.S. Energy Information Administration, Annual Energy Outlook 2018 Reference case Recent growth in U.S. crude oil production has been primarily light, sweet crude oil, defined as having an API gravity of 35 or higher and sulfur content of 0.3% or less. These light, sweet crudes, wh ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > EIAEnergy Information Administration EIAUnited States +9

Oil/Gas E&P to Buy Permian Acreage in 'Immediately Accretive' Deal

John Freeman, an analyst with Raymond James, discussed the proposed transaction. Oil pump John Freeman, an analyst with Raymond James, discussed the proposed transaction. A March 28 Raymond James research report noted that Texas-based Concho Resources Inc. (CXO:NYSE) agreed to acqui ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > Oilgase&p +4

Shale Support Increases Drying Process Capabilities

March 27, 2018 (HOUSTON) – Shale Support Holdings, LLC , a leading provider of frac-sands and logistical solutions to the oil and gas proppant market, today announced a second dryer is now online in Picayune, Mississippi. This addition has allowed Shale Support to add an additional 2 million ton ...

Kristen Quinn


Posted 1 year agoPress > ShaleShale Oil MarketMarcellus +9

NES Global Talent Expands Recruitment Presence to Midland, Texas

NES Global Talent Expands Recruitment Presence to Midland, Texas New location places NES at the center of Permian Basin Employment Activity March 22, 2018 (HOUSTON) - With over 40 years of serving the oil and gas market, NES Global Talent is pleased to announce the expansion of its speciali ...

Kristen Quinn


Posted 1 year agoPress > Midland BasinPermian BasinPermian +4

Rystad Energy: The Big Spring Clean – Shale Companies Optimizing Their Portfolios

Since February 2018, in a move that looks like a “spring cleaning” of their portfolios, several companies have announced a shift of their focus on the main US shale plays by optimizing their portfolios through acreage transactions. US onshore shale producers are also boosting capital expenditu ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > Rystad EnergyShaleUnited States +6

Dr. Daniel Fine: OPEC in Houston and Steel Pipes From China

For a week in March, Houston was the site of a world assembly of oil producers engaged in an OPEC-Russia dialogue with American shale or light tight oil producers on supply and — indirectly — price.  OPEC and Saudi Arabia pitched a market information offensive.  Put simply, American oil producers ...

Will Fine


Posted 1 year agoOpinion > HoustonChinaChina National Petroleum Corporation CNPC +70

Dr. Daniel Fine: NAFTA, natural gas and the San Juan Basin

The North American Free Trade Agreement is now in a final stage with the U.S. team looking over the “energy chapter,” which has been approved by Canada and Mexico. The Administration's position, with a revisionist-protectionist core, offers President Trump a withdrawal-from-NAFTA option, at least a ...

Will Fine


Posted 1 year agoOpinion > NAFTACanadaMexico +30

ExxonMobil to Triple Permian Production by 2025, Expand Transportation Infrastructure

Company plans to invest more than $2 billion in terminal and transportation expansion Investments supported by changes to U.S. corporate tax rate Downstream and Chemical expansions progressing due to increased low-cost supply IRVING, Texas--( BUSINESS WIRE )-- ExxonMobil today announced that ...

OilVoice Press - OilVoice


Posted 1 year agoPress > PermianPermian Basintransportation +5

Dr. Daniel Fine: Oil and Gas: A Look at What 2018 May Bring

Trump leads mass deregulation effort; comeback seen for San Juan Basin by Dr. Daniel Fine The price of oil in 2018 will be volatile with commodity market traders selling on signals of OPEC-Russia “cheating” or members producing more oil than the extended Algiers Agreement output quotas. This shou ...

Will Fine


Posted 1 year agoOpinion > Donald TrumpPresident TrumpTrump +68

Dr. Daniel Fine on Oil and Gas: Prices and Supply Short of War in Middle East

One day after the OPEC annual meeting, although composed for publication two weeks ago, this column moves the clock forward to early 2018.  There is a background noise of regional “hybrid war” intruding on the market price of World and West Texas Intermediate oil. Most analysts both commercial and ...

Will Fine


Posted 1 year agoOpinion > Kingdom of Saudi ArabiasaudiSaudi Aramco +89

Has Drilling in the Permian Peaked?

The current production level in the Permian Basin, as of September 2017, is 2.6 mmb/d. That is enough to make the Permian, which straddles Texas and New Mexico, the single largest production area in the US, having exceeded offshore output from the Gulf of Mexico since early 2016. Projections indica ...

Easwaran Kanason


Posted 1 year agoOpinion > PermianWTIOil +1

Dr. Daniel Fine: Hurricanes, strategic implications, royalties and prices

Hurricane Harvey last month shut down more than 3 million barrels of oil refinery output or nearly 17 percent of the nation's capacity. Refinery capacity in the Gulf Coast was down over 30 percent on Aug. 30. Whatever caused this hurricane, there is now a risk of future size and scale to be reckoned ...

Will Fine


Posted 1 year agoOpinion > Hurricane HarveyStrategic Oil & Gasoil royalties +36

Producers employ tech innovations to keep lid on costs

ALBUQUERQUE, N.M. — Devon Energy Corp. manages all its oil operations in southeast New Mexico directly from a command-control center on the 44th floor of its Oklahoma City headquarters. Technology like WellCon, combined with a broad array of other high-tech innovations directly in the oil fields, ...

Will Fine


Posted 1 year agoLink > Dr. Daniel FineNew MexicoTechnology +25

Breathing easier in NM's oil patch

“Before, we weren't even making enough money for that … Some of the large companies are ramping up spending, but for smaller guys like me, it's still a struggle, because we need higher prices in the mid-$60 (per barrel) range for new work-overs to expand production.” That, in turn, pushed the sta ...

Will Fine


Posted 1 year agoLink > Dr. Daniel FineNew MexicoPermian +21