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...
Read MoreWatch Five Years of Oil Drilling Collapse in Seconds
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 ...
Read MoreCan 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 ...
Read MoreHaiff – 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...
Read MoreOil 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...
Read MoreOil and Gas Price Rally in Store?
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 ...
Read MoreOIl and Gas prices – both are at multi year lows
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...
Read MoreSEC Reserves Price Deck Down 48% for 2016
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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