At Current Crude Oil Prices, Is It Too Late to Hedge? #OilmanNEWS Oil and Gas News 

At Current Crude Oil Prices, Is It Too Late to Hedge?

U.S. benchmark (West Texas Intermediate, or “WTI”) and international Brent crude oil prices have plunged by more than a third from an October 3, 2018 high of $76.41per barrel (/bbl) and $86.29/bbl, respectively—the largest percentage decline since early 2016. Currently, WTI prices stand in the low $50s/bbl range, with Brent prices hovering at the low $60/bbl range. How Healthy Are… Read More
US Exporter #OilmanNEWS Alex Mills Contributors Oil and Gas News 

U.S. Becomes Net Exporter of Petroleum

Just a week after OPEC members announced they were cutting oil production and exports, the U.S. Energy Information Administration announced that the U.S. became a net exporter of petroleum in November for the first time. The news signifies that U.S. has become a major player in world crude oil marketplace as production continues to increase surpassing 11 million barrels per… Read More
Natural gas prices in the Permian basin likely to remain low during 2019 due to constrained pipeline capacity #OilmanNEWS Oil and Gas News Press Release 

Natural Gas Prices in the Permian Basin Likely to Remain Low During 2019 Due to Constrained Pipeline Capacity

Following a drastic drop in the Waha Hub natural gas price earlier this week, Adrian Lara, Senior Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the impact on the upstream sector: “A direct consequence of the excess of natural gas supply is the low prices at which Permian gas is traded at the… Read More
Drivers nearly 200% more aggressive during the holidays; GA, CA and TX top list #OilmanNEWS Oil and Gas News Press Release 

GasBuddy Reveals that Drivers are Nearly 200% More Aggressive and Fuel-Wasting During the Holidays

BOSTON — It’s no surprise that the holiday season is the most stressful time of the year. With the extra errands and traveling the holidays call for, a lot of that jingle-bell stress is transferred to the roads by the way consumers drive. In fact, GasBuddy, the only smartphone app connecting drivers with their Perfect Pit Stop, data shows that consumers… Read More
2018 SEC Comment Letter & Disclosure Best Practices for Upstream Oil/Gas Companies #OilmanNEWS Oil and Gas News 

2018 SEC Comment Letter Trends & Disclosure Best Practices

As we wind down 2018 and turn our attention toward year-end disclosures, it is helpful to review U.S Securities and Exchange Commission (SEC) comment letter trends to improve financial statement disclosures and identify potential deficiencies. As shown in the chart below, during the last 12 months, the SEC staff issued approximately 100 comments on disclosures made in Forms 10-K and… Read More
MFG Chemical announces multimillion dollar plant upgrade at Pasadena, TX plant #OilmanNEWS Oil and Gas News Press Release 

MFG Chemical Upgrades Newly Acquired Pasadena, TX Plant

Dalton, GA – MFG Chemical, a global leader in specialty and custom chemical manufacturing, is upgrading its Pasadena, Texas plant, which the company acquired in March 2018, and sits on 24.5 acres. The acquisition of the Pasadena plant, together with the company’s 3 plants in Northwest Georgia, makes MFG Chemical one of America’s largest consumers of Maleic Anhydride. Pasadena plant… Read More
Carve-Out Financial Statements: A Necessary Step in the Process #OilmanNEWS Oil and Gas News 

Carve-Out Financial Statements: A Necessary Step in the Process

When commodity price volatility subsides and the appetite for mergers and acquisitions gain momentum in the upstream segment of the oil and gas industry it will be important to understand the requirements, pitfalls and guidance around the preparation of carve-out financial statements. As the market turns, we expect an increase in deal activity at both ends of an entity’s lifecycle:… Read More
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Hey, Don't Forget to Register for OILMAN ConnectThe Oil & Gas Virtual Conference & Expo November 5 & 6, 2019

We would like to invite you to attend the OILMAN Connect Virtual Conference and Expo. At OILMAN Connect, you will have the opportunity to visit companies showcasing their industry products, technology, and software solutions, as well as hear from oil and gas industry leaders presenting at our innovative webinar and speaker series - all with the click of a button. FREE to attend. Plus, we're giving away fantastic prizes during the show.