FROM THE OIL PATCH
/cloudfront-us-east-2.images.arcpublishing.com/reuters/3MNLGWY74ZKG7IW43XYGMYD7HE.jpg "As oil-well backlog shrinks, U.S. shale may upset investors and drill more")
As oil-well backlog shrinks, U.S. shale may upset investors and drill more
U.S. energy producers have cut so deeply into a once-large reserve of oil wells waiting to be turned on they soon may have to resume drilling to keep production from sagging, executives and analysts said. This would mean an increase in spending which could unsettle investors who have benefited from
House panel approves array of higher royalties, higher fees, new fees for oil and gas
The House Natural Resources Committee approved a broad array of increases for oil and gas exploration and production costs, plus such changes
Stronger Storms Test Aging U.S. Offshore Oil Facilities
Stronger hurricanes threatening the U.S. Gulf Coast energy hub are elevating the risks of oil spills from damage to area refineries, oil platforms and
U.S. Loans Exxon Another 1.5 Million Barrels of Oil from Emergency Reserve
The U.S. Energy Department said on Thursday it has approved a second loan of 1.5 million barrels of oil to Exxon Mobil Corp from the Strategic Petroleum Reserve (SPR) after damage from Hurricane Ida devastated offshore oil production. “The SPR’s ability to conduct exchanges is a critical tool available to refiners to strengthen the
The Obvious Delusion Of ‘No More Natural Gas’
Whether coming from politicians, ESG insiders, or competing industries, the assertion that natural gas demand is somehow going away, and investments in new supply are thus unwarranted, is demonstrably false. JP Morgan, for instance, just reported that the “energy transition” is likely to take much longer than many want to admit –
U.S. natural gas consumption to decline through 2022, led by the electric power sector
In EIA’s September Short-Term Energy Outlook, we expect U.S. consumption of natural gas to decline in 2021 and 2022 from 2020 levels. We forecast that consumption of natural gas will decline in all end-use sectors in the United States except in the industrial sector and for other non-sector-specific uses (lease and
CRUDE OIL WEEKLY UPDATE (Week Ending 09-17-21)
Crude Oil Summary (EIA): U.S. crude oil refinery inputs averaged 14.4 million barrels per day during the week ending September 10, 2021 which was 85,000
NATURAL GAS WEEKLY UPDATE (Week Ending 09-17-21)
In the News (EIA): U.S. natural gas consumption to be lower in 2021 and 2022, led by the electric power sector: In EIA’s September Short-Term
Zekelman Industries Steel Snapshot for Sep 2021
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Sept HR Coil $1,957, up $61 from August Coil imports expected to grow in 4th
Preston Pipe Report – August 2021
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – According to the US EIA, for the first time since U.S. LNG exports from the
Pipe Logix Line Pipe Report – August 2021
(by Kurt Minnich, www.pipe-logix.com) Line pipe prices are 10.4% higher in August with domestic prices up 11.9% and import prices up 8.4%. This marks 11
AISI – Press Release on Latest U.S. Imports of Steel Products – September 2021
(American Iron and Steel Institute, www.steel.org – September 8, 2021) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the
NASPDFall Conference
Boston Park Plaza
Boston, Massachusetts
OCTG & LINE PIPE FORECASTING SUMMIT 2021
Hyatt Regency Houston
NAPCA Annual Convention
JW Marriott Hill Country Resort
San Antonio, Texas
