As Oversupply Bears Down, U.S. Producers and OPEC+ Pump the Brakes on Production #OilmanNEWS Exploration & Production Oil and Gas News Upstream 

As Oversupply Bears Down, U.S. Producers and OPEC+ Pump the Brakes on Production

Austin, TX – Enverus, the leading oil & gas SaaS and data analytics company, has released its latest FundamentalEdge report, Pumping the Brakes. This market outlook service presents Enverus’ current view of crude oil, natural gas, and NGL fundamentals and where they are headed over the next five years. “The United States is the world’s number one producer, and that… Read More
Canadian Oil and Gas: Action as the Antidote to Despair 2020 January-February Exploration & Production Onshore Upstream 

Canadian Oil and Gas: Action as the Antidote to Despair

The fact that oil and gas companies around the world are struggling to come up with the right strategy for the near and medium future is no surprise. Uncertainties associated with the energy transition (more strongly felt in Europe than in North America) are testing the reaction capabilities of many large companies. Growing concerns about climate change by different stakeholders… Read More
Figure 2. Dispersed wax after DWRT 2020 January-February Exploration & Production Upstream 

Saying Goodbye to Hot Oiling

“If you want the good stuff (performance), then you have to use the bad stuff.” This has been a long-standing slogan in the oilfield production chemicals business, referring to the use of synthetic chemistries. The meaning of it? Chemicals that performed the best were also some of the most toxic and environmentally harmful products to use—resulting in a difficult choice… Read More
Increased Swaption Activity May Present Financial Reporting Challenges for Oil & Gas Companies #OilmanNEWS Exploration & Production Oil and Gas News Upstream 

Increased Swaption Activity May Present Financial Reporting Challenges for Oil & Gas Companies

Lower natural gas prices are causing E&P companies to get creative with their hedging strategies to lock in near-term cash flows above the dismal levels the market is currently offering. When hedging with options, it’s not uncommon for oil and gas producers to sell options and roll the premium value of the sold option into another hedging instrument. An example… Read More
Low Natural Gas Prices Drive Comstock Resources to Increase Assets in Haynesville, Boosting Gas Production by Over 70 Percent #OilmanNEWS Exploration & Production Louisiana Oil and Gas News Upstream 

Low Natural Gas Prices Drive Comstock Resources to Increase Assets in Haynesville, Boosting Gas Production by Over 70 Percent

Steven Ho, Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers his view on what Cornstock’s Chesapeake’s Haynesville assets acquisition will mean for Comstock: “Comstock’s potential acquisition of Chesapeake’s Haynesville assets will significantly increase its natural gas production from 1.15 billion cubic feet per day (bcfd) up to 2bcfd in 2020, while operational synergy could increase… Read More
TIPRO Releases Permian Basin Report Highlighting Record Oil and Gas Production #OilmanNEWS Exploration & Production Oil and Gas News Upstream 

TIPRO Releases Permian Basin Report Highlighting Record Oil and Gas Production

Austin, Texas – The Texas Independent Producers & Royalty Owners Association (TIPRO) today released the next edition of its “State of Energy Report” series entitled A Decade of the Permian Basin. The new TIPRO report explores trends in the Permian Basin over the past 10 years with an emphasis on employment, demographics, businesses and oil and natural gas production. TIPRO’s “State… Read More
Shorter-cycle investments, shift to natural gas and adoption of new technologies to characterize oil and gas industry in 2020 #OilmanNEWS Business Downstream Exploration & Production Oil and Gas News Technology 

Shorter-cycle Investments, Shift to Natural Gas and Adoption of New Technologies to Characterize Oil and Gas Industry in 2020

As 2019 draws to a close, Anna Belova, Senior Oil and Gas Analyst at leading data and analytics company GlobalData, looks at the key trends that will shape the industry in 2020, ranging from a stronger focus on gas developments to a push for shorter-cycle investments: A push for shorter-cycle investments “Oil and gas operators globally will continue to push… Read More
Texas Petro Index Declines 8 Percent in 2019 #OilmanNEWS Alex Mills Contributors Exploration & Production Oil and Gas News Texas 

Texas Petro Index Declines 8 Percent in 2019

The oil and natural gas industry in Texas and the United States established record levels of production in 2019 and even became a net petroleum exporter for the first time since records have been kept. Crude oil production nationwide peaked at 12.5 barrels per day, and net petroleum exports were 89,000 barrels per day in September. Texas led all states… Read More
#OilmanNEWS Exploration & Production Oil and Gas News Press Release 

Despite 10+ Years of Rapid Growth, US Natural Gas Production Expected to Slow in 2020

Depressed prices and investor demand for cash flow point to expected slowdown Austin, TX – Enverus, the leading energy SaaS and data analytics company, has released its latest FundamentalEdge report which points to an anticipated slowdown in natural gas production in the U.S. next year. The report also includes early 2020 guidance and a map highlighting where producers are most likely… Read More
Top upstream companies in predictive maintenance in oil and gas #OilmanNEWS Exploration & Production Oil and Gas News Technology Upstream 

Top Upstream Companies in Predictive Maintenance in Oil and Gas

Several companies in the oil and gas industry, including Shell, ExxonMobil and BP, are using predictive maintenance to evaluate the condition of their operational equipment and predict maintenance requirements, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Predictive Maintenance in Oil & Gas’, reveals the recent advancements in cloud-based data analytics and the rise of digital… Read More
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