Exploration & Production

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Waiting Out The Downturn

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Tue, 05/05/2015 - 10:38

Carl Tricoli, managing partner and co-president of Denham Capital, said the worst is yet to come in the downturn. As the low price environment shifts into the latter part of this year and into 2016, more and more distress opportunities will present themselves, he said. Right now, he said, there is an aspect of patience during consolidations, and there are not yet any defaults in the high-yield market. The opportunities available now, he said, are bolt-on acquisitions and lease enhancements.

Rig Count

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EnerVest CEO: $30 WTI Not Out Of The Question

Oil exports are needed, but improbable, as U.S. oil supply builds. Near the end of March, storage at Cushing, Okla., had grown to 58.9 million barrels, about 80% of capacity.

Wed, 04/08/2015 - 16:22
Non-free

Cushing Storage Capacity Is Being Tested

U.S. crude oil in storage grew by 8.4 million barrels—twice as much as commodity analysts expected—to 1.125 billion barrels for the week ending Feb. 20, according to the EIA’s weekly report Wednesday. Of that, 434 million was in non-SPR storage, up from 363 million a year ago.

Tue, 03/03/2015 - 10:27
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Sanchez, Halcón Latest E&Ps To Tamp Down Capex

Halcón’s budget will fall 60% from 2014 levels while Sanchez reduces rigs.

Fri, 01/09/2015 - 11:27
Non-free

Permian Basin Uses Record Number of Domestic Rigs

The number of rigs in the Permian and the Bakken was analyzed.

Mon, 05/12/2014 - 14:06