North Dakota Peak Oil Production and Decline

We read in the news recently that North Dakota monthly oil production had peaked.  I reviewed the situation it to see how significant the peak was. The plot and data below show illustrate that North Dakota daily crude production is on a significant decline (which really began in November), the de...

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Watch Five Years of Oil Drilling Collapse in Seconds

By Thomas Hohn / February 26, 2016 / Oil Property Economics / No Comments

Watch Five Years of Oil Drilling Collapse in Seconds A Bloomberg article with an animation of rig count, domestic production and crude price vs time.  It is great illustration of the shale boom and bust. “The crash in oil prices has taken its toll. The number of active oil-drilling rigs in ...

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Can Conventional E&P Bring The Next Generation Of Oil Fortunes

Can Conventional E&P Bring The Next Generation Of Oil Fortunes? This article is a very good commentary on the conventional vs non conventional oil and gas resources at play in the US.  The unconventional plays simply require more capital than the smaller players can (or should) afford.  Much ...

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Harold Hamm Expects $60 Oil, Says America Will Double Output Again

Harold Hamm Expects $60 Oil, Says America Will Double Output Again – from Forbes “The fracking tycoon has cut capex at Continental Resources , but refuses layoffs. He says he’ll need all his staff for the new boom to come” You just have to love an optimistic contrarian like Haro...

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Haiff – congressional testimony on the state of the oil industry

The link below affords an excellent overview of the domestic and international factors that effect the economic outlook for the industry.   It is a note of optimism in a rather bleak time. Antoine Halff,  Senior Research Scholar and Director of the Global Oil Market Program, Center on Global Ener...

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How to buy in the coming acquisition target rich environment

By Thomas Hohn / January 12, 2016 / Oil Property Economics / No Comments

How to buy in the coming acquisition target rich environment I have had recent  conversations with folks in the business  about the acquisition opportunities that will be available in 2016.  Many feel the impending bankruptcies will provide virtually unlimited opportunity to acquire assets at bas...

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Oil Prices Forecast; The Analysts Are Wrong Again…

Oil Prices Forecast; The Analysts Are Wrong Again… Here Is Why Very good article on the oil prices and psychology of the markets.   Every boom and bust cycle I have experienced follow the human emotion cycle that he describes.  The time to sell is when everyone is euphoric and believes it i...

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Oil and Gas Price Rally in Store?

By Thomas Hohn / December 24, 2015 / Oil Property Economics / No Comments

Many of the market prognosticators are predicting rallies in the prices of both Natural Gas and Crude Oil. There are several articles concerning improved price expectations linked on the following price chart page: www.barchart.com  (see price charts below). They have a myriad of reasons for the ...

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OIl and Gas prices – both are at multi year lows

By Thomas Hohn / December 16, 2015 / Oil Property Economics / No Comments

Historically, the relationship between oil and gas prices  was somewhat counter-cyclic, when one was down, the other tended to be up.  As such, booms and busts were mildly mitigated, and some semblance of the industry would survive.  Currently, both product prices are at multi year lows.  (The gr...

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SEC Reserves Price Deck Down 48% for 2016

By Thomas Hohn / December 14, 2015 / Oil Property Economics / No Comments

This is going to leave a mark – for a long time.   It will be a painful year end for all oil and gas companies, especially the public companies. The price collapse will cause huge reserve values to be written off and collateral values will plummet.  I particularly enjoyed Dr. John Seidle...

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