Exploration & Production

Premium Blend

Questions To Ask During Price Downturn

Free
Mon, 06/29/2015 - 08:33

E. Will Gray II, CEO of Dala Petroleum, said that in the current price environment there can be a disconnect between what owners think their property is worth, and what it is worth due to the price downturn. Questions to ask include: Do I have enough leverage? Am I making money on the property? Service costs need to be negotiated if possible. Gray said that in the next two quarters Dala will have more conventional activity in the Permian Basin.

Rig Count

Free

Oilfield Service Deals Stagnate For Want Of Buyers

Potential buyers have had to cut employees, and so far few companies are going out of their way to aggressively buy frack fleets or other equipment.

Wed, 05/20/2015 - 09:58
Free

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
Free

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