Global glut, increased US production impact price of oil By Ed Hirs No one is fooled by the illusion of OPEC production cuts, but it is worse than most think. The price of oil, which has fallen in nominal terms during 2017, has fallen even more in real terms, since oil trades in dollars and […]
Column: OPEC’s continued failure — A note on the price of oil Read More »
After land rush, execution risk, rising costs loom for Permian Basin exploration & producers Exploration and production (E&P) companies that successfully acquired Permian Basin acreage in the red-hot ‘land-grab’ market of 2016, are now faced with the challenge of maintaining premium valuations while meeting high-growth expectations in a rising cost environment, according to new research by
Red hot Permian Basin economics tighten due to rising CAPEX costs Read More »
How low can the costs of US shale oil production go? By Ross McCracken, Platt’s Managing editor, Energy Economist Even with oil prices hovering around the $50/b mark, the US rig count has increased rapidly while E&P companies continue to record substantial reductions in well drilling costs. The increase in new well oil production per rig
US shale oil rebound shakes OPEC Read More »
Worst of the oil prices is over, but instability will characterise recovery By John Kemp LONDON, Jan 13 (Reuters) – Extreme volatility and strong cyclicality have been the defining characteristics of oil prices and the industry since the first modern oil well was drilled in Pennsylvania in 1859. Oil prices are much more volatile than
Opinion: Volatility and cyclicality in oil prices – will this time be different? Read More »
Sturgeon Refinery expected to add $2.3 billion of value-added impacts across Canadian economy every year Phase One of the Sturgeon Refinery which will process bitumen and produce primarily diesel fuel in Alberta is nearing completion. The project shows that additional economic value can be generated within the province, according to a Conference Board of Canada report,
Sturgeon Refinery economics make sense for Canada, phase 1 completion nears Read More »
Data limited in STACK play, but early well performance comparable with Eagle Ford shale (economic at below $45 per barrel) At current low oil prices, few U.S. oil and gas plays are economical. However, the emerging Oklahoma STACK play is bucking the trend by showing economic promise at oil prices below $45 per barrel (WTI)
Oklahoma STACK economics comparable to Eagle Ford play – IHS Read More »
