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Triple-Digit Injection for Fifth Consecutive Week Meets Expectations

Natural gas storage inventories increased 102 Bcf for the week ending June 7, according to the EIA’s weekly report. This injection is nearly spot on with the market expectation, which was an inventory increase of 101 Bcf. Working gas storage inventories now sit at 2.088 Tcf, which is 189 Bcf above inventories at the same time last year and 230 Bcf below the five-year average. At the time of writing,

Prices Fall On Continuously Rising Stockpiles and Fears of Economic and Demand Growth

US crude oil stocks posted an increase of 2.2 MMBbl from last week. Gasoline inventories increased 0.8 MMBbl and distillate inventories decreased 1.0 MMBbl. Yesterday afternoon, API reported a crude oil build of 4.9 MMBbl, alongside a gasoline build of 0.8 MMBbl and a distillate draw of 3.4 MMBbl. Analysts were expecting a smaller crude oil build of 80 MBbl. The most important number to keep an eye on, total

With Coal in Rear View Mirror, Renewables Look to Battle Natural Gas Next for Market Share

Austin, TX (June 11, 2019) – Drillinginfo, the leading energy SaaS and data analytics company, has released Gas Power Burn, an update on fuels used to power America’s domestic electric market. This is an interim report covering the dynamics of the natural gas power demand market in the U.S. “While no one can predict the future – or the weather – our modeling is projecting a glimpse of how renewables

Bid Rounds – A Global Roundup in 2018 – Q1 2019

Figure 1 – Map of 85 countries with current bid rounds and open-door opportunities Over the past 18 months there has been a surge of bid round activity around the world. In fact, some 85 countries have either launched a bid round (more than 105) or held open-door policies (Figure 1). This activity covered approximately 1.6 million sq km on offer representing a total of 3,569 blocks located both onshore

The Week Ahead For Crude Oil, Gas and NGLs Markets – June 10, 2019

CRUDE OIL US crude oil inventories posted an increase of 6.8 MMBbl last week, according to the weekly EIA report. Gasoline and distillate inventories increased 3.2 MMBbl and 4.6 MMBbl, respectively. Total petroleum inventories showed a substantial increase of 22.4 MMBbl. US crude oil production increased 100 MBbl/d last week per EIA. Crude oil imports were up 1.07 MMBbl/d to an average of 7.3 MMBbl/d versus the week prior. As

Webinar: Where do the Major Permian Players Stand after the Anadarko Acquisition?

The brief but intense Chevron-Occidental bidding war for Anadarko resulted in one of the largest upstream O&G deals ever. But that’s already old news. Now the questions on the collective mind of O&G investors and executives are: “What does this mean for my company, and are more deals on the way?”   Join us on Tuesday, June 11th for a live webinar when our expert analysts will examine the competitive

Another Triple-Digit Injection Exceeds Expectations, Prices Fall

Natural gas storage inventories increased 119 Bcf for the week ending May 31, according to the EIA’s weekly report. This injection is significantly above the market expectation, which was an inventory increase of 110 Bcf. Working gas storage inventories now sit at 1.986 Tcf, which is 182 Bcf above inventories at the same time last year and 240 Bcf below the five-year average. At the time of writing, the July

Extremely Bearish Inventory Report Pulls the Prices Below $52

US crude oil stocks posted an increase of 6.8 MMBbl from last week. Gasoline and distillate inventories increased 3.2 MMBbl and 4.6 MMBbl respectively. Yesterday afternoon, API reported a crude oil build of 3.6 MMBbl, alongside gasoline and distillate builds of 2.7 MMBbl and 6.3 MMBbl, respectively. Analysts, to the contrary were expecting a crude oil draw of 0.2 MMBbl. The most important number to keep an eye on, total

Drillinginfo: Infrastructure and Exports Will Drive or Hinder the Future of Energy in America

Austin, TX (May 8, 2019) – Drillinginfo, the leading energy SaaS and data analytics company, has released an update on exports as a part of their FundamentalEdge series. The report points to continued production growth of crude oil, natural gas, and NGLs, that outpaces domestic demand, with the supply surplus heading overseas. “The story on the future of oil and gas in America is becoming clearer. Every incremental barrel of

Having … the … Talk

Not a day goes by without various financial planners lamenting the dire state of the average American’s savings nest egg— the asset that should be seeing them through their retirement years in relative comfort. I have to say that I have NEVER seen any information from anyone urging aging parents to compile and clarify their mineral estates so their heirs can make the most of the mineral estate they will