FROM THE OIL PATCH
How Oil & Gas Rig Counts Impact Consumer Confidence And Energy Prices
What is Rig Count? A Rig Count is an official listing of all the oil and gas rigs that are operational at a certain location. In addition to the location and operational status of each rig, the count provides insight into the number of offshore and onshore active drilling rigs. The most
An assault from all fronts on energy independence
Last month, the French government pressured Engie – a company that delivers natural gas to homes and businesses all over
Banks push back against rule forcing lending to oil companies
Wall Street banks are asking a key regulator to drop a proposed rule that would force them to do business
Bill would halt new fracking permits while state conducts impact studies
State Senator Antoinette Sedillo Lopez, D-Albuquerque, plans to introduce a bill during the upcoming legislative session that would enact a four-year pause on fracking permits while studies are conducted to determine the impacts of fracking on agriculture, environment and water resources and public health. The bill directs state agencies and
U.S. Shale Patch Reduced Breakeven Costs By 20% This Year
Pressured by plunging oil prices and the need to adjust to the lower oil demand, U.S. oil producers have slashed costs and managed to bring down their average breakeven costs by nearly 20 percent to $45 a barrel on average, Bloomberg’s research service, BloombergNEF (BNEF), said on Thursday. According to BloombergNEF’s estimates,
Low Oil Prices Force Saudi Arabia To Cut 2021 Budget Plan
Saudi Arabia reduced its budget plan for 2021 by 7 percent from this year’s in response to the economic fallout of the pandemic, which pushed oil prices to multi-year lows. Reuters reported that Riyadh will spend some $264 billion next year, or 990 billion riyals, as it battles a substantial deficit resulting
CRUDE OIL WEEKLY UPDATE (Week Ending 01-08-21)
Crude Oil Summary (EIA): U.S. crude oil refinery inputs averaged 14.4 million barrels per day during the week ending January 1, 2021 which was 89,000
NATURAL GAS WEEKLY UPDATE (Week Ending 01-08-21)
In the News (EIA): U.S. LNG exports set another record in December: U.S. exports of liquefied natural gas (LNG) set a new record in December
Zekelman Industries Steel Snapshot For December 2020
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Dec HR Coil is $857, up $155 from Nov. Contract tons are taking most of
Preston Pipe Report – The Line Pipe Market – December 2020
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor <= 16” Diameter – For many products the Section 232 resulted in higher domestic market shares.
Pipe Logix Line Pipe Report – November 2020
(by Kurt Minnich, www.pipe-logix.com) Line pipe prices increased 1.7% in November with domestic prices up 2% and import prices up 1.3%. The biggest price gains
AISI – Press Release On Latest U.S. Imports Of Steel Products – December 9, 2020
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel
NAPCA56th Annual Convention
Hilton Sandestin Beach Resort
Miramar Beach, FL 32550
NAPCA56th Annual Convention
Hilton Sandestin Beach Resort
Miramar Beach, FL 32550
