Oilman OILMAN Publisher 

Letter from the Publisher (September-October 2017)

Major oil and gas producers reported healthy profit and cash flow in Q2, with several posting the most robust gains since the oil market downturn began in 2014. Exxon Mobil nearly doubled its profit compared to a year ago, based on a strategy to cut production costs and complete projects that can produce profits within a few years rather than… Read More
Oilman OILMAN Publisher 

Letter from the Publisher (July-August 2017)

It has been a wild ride in the oil and gas market since the OPEC meeting May 25. The price has fluctuated considerably as the OPEC member countries and Russia agreed to cut production again, and this time for nine months. Many analysts expected the agreement that reduced production to 1.8 million barrels a day would, in turn, push the… Read More
Oilman 2017-May-June OILMAN Publisher 

Letter from the Publisher (May-June 2017)

As you may know, many of the shale markets are picking up momentum. In Texas, the Permian Basin is taking off and in the last three months had a huge amount of investment activity. Several operators and private-equity firms have exchanged billions in assets as the area surges back. The rig count in the Eagle Ford Basin is also moving… Read More
Oilman 2017 March-April OILMAN Publisher 

Letter from the Publisher (March-April 2017)

Are you feeling the market rebound? What I’ve heard from industry sources and the numerous reports I’ve read, the oil and gas market is recovering, although slowly. Last November OPEC agreed to remove 1.2 million barrels a day from their global oil production until July of this year. We’re hopeful that they will renew the agreement for another six months… Read More
2016 May-June OILMAN Publisher 

Oil Play See-Saw

Letter from the Publisher Well, what a difference an issue makes. The month of April alone saw a 20% rise in the price of WTI Crude closing at around $45 a barrel which is a whopping 77% off the mid-February lows just north of $26 a barrel. During the plummet an expert said that the oil market has as much… Read More
2016 March-April OILMAN Publisher 

Time to Get Real

Letter from the Publisher For the better part of 18 months our industry has been reeling from the complete tank (no pun intended) in the price of oil. All you could hear at the beginning were confident quotes like “Just wait it’ll be back to 100 soon.” “Back to 70 by the end of the year.” and “50 was the… Read More
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