FROM THE OIL PATCH
Supreme Court unleashing power over pipelines, natural gas
A decade of battles against pipelines proposed to crisscross the country is arriving at the Supreme Court. Driving the news: The court ruled last week on the first such high-profile case, and two other actions also on pipelines are pending before the justices in decisions whose impacts could be far-reaching.
The big oil turnaround: From negative prices to a bull market
Every day, traders in London congregate at 4 p.m. to buy and sell North Sea oil for half an hour. The window,
Taxpayers Are Footing The Bill For 100-Year Old Oil Wells
Plugging old oil and gas wells may cost as much as ten times what the industry routinely estimates, according to
Shale industry will be rocked by $300 billion in losses and a wave of bankruptcies, Deloitte says
The U.S. shale industry is about to enter a period of “great compression” as low oil prices hammer the sector, according to a Deloitte study released Monday. The firm believes that exploration and production companies could write down the value of their assets by as much as $300 billion as they
Ending natural gas flaring in Texas is only the beginning
The Texas Railroad Commission permitted oil and gas producers to destroy $750 million worth of natural gas in a single year, and despite the pleas of royalty owners and environmentalists, it allows that waste to continue. The three elected officials who supervise the oil and gas industry in Texas are
Oil Prices Will Hit $50 Before The End Of The Year
Despite fears of a second wave of COVID-19, oil markets rebounded last week, showing signs of improving fundamentals as global supplies continue to tighten. On Friday, Brent closed at $42.19, up by 8.20 percent w/w, while WTI closed at $39.75, up by 9.03 percent w/w. Furthermore, the 1-2 month Brent spread flipped
CRUDE OIL WEEKLY UPDATE (Week Ending 06-26-20)
Crude Oil Summary (EIA): U.S. crude oil refinery inputs averaged 13.8 million barrels per day during the week ending June 19, 2020 which was 239,000
NATURAL GAS WEEKLY UPDATE (Week Ending 06-26-20)
In the News (EIA): Henry Hub daily natural gas spot price reaches historic low: The average spot price of natural gas at the Henry Hub
Zekelman Industries Steel Snapshot For Jun 2020
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts June HR Coil is $509, up $12 from May. USS Mon Valley is restarting a
Preston Pipe Report – The Line Pipe Market Jun 2020
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor <= 16” Diameter – Small diameter line pipe shipments remain above the level of demand, adding
Pipe Logix Line Pipe Report – May 2020
(by Kurt Minnich, www.pipe-logix.com) Line pipe prices decreased 2.3% in May with domestic prices down 2.4% and import prices down 2.1%. The Pipe Logix Index
AISI – Press Release On Latest U.S. Imports Of Steel Products – June 3, 2020
(American Iron and Steel Institute, www.steel.org – June 3, 2020) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the
NASPDFall Conference
Coeur d’Alene Hotel
Coeur d’Alene, Idaho 83814
OCTG & LINE PIPE FORECASTING SUMMIT
Hyatt Regency Houston
NAPCA56th Annual Convention
Hilton Sandestin Beach Resort
Miramar Beach, FL 32550
