FROM THE OIL PATCH
Exxon faces $800MM earnings hit from Texas freeze
Exxon Mobil expects first-quarter earnings to be reduced by as much as $800 million due to the deep freeze that plunged Texas into darkness last month. Even so, the oil giant probably returned to profit after four straight losses. Rebounding oil and natural gas prices increased earnings by as much
U.S. operators working down DUC backlog
The drilled-but-uncompleted well count, which documents questionable capital expenditures by U.S. shale companies, was essentially unchanged during the last year.
Industry Group Says Biden’s Infrastructure Plan Misses Opportunity for Pipelines
U.S. President Joe Biden plans to pay for his $2 trillion infrastructure plan with higher corporate taxes, which is facing
Oil prices slide below $58 as coronavirus lockdowns accelerate worldwide
Oil fell to the lowest intraday in more than a month as a string of renewed lockdown measures in Europe clouded the prospects for a speedy recovery in consumption. U.S. and global benchmark futures plunged more than 6% to new session lows, and the oil futures curve collapsed into a
Is Natural Gas Still A Safe Bet For Oil Majors?
Increased scrutiny over the environmental impact of natural gas—a key source of methane, which is a much more harmful greenhouse gas than carbon dioxide—has some industry analysts questioning the long-term prospects of global gas demand in the energy transition. Big Oil has bet big on natural gas developments in the
Industry Group Says Biden’s Infrastructure Plan Misses Opportunity for Pipelines
U.S. President Joe Biden plans to pay for his $2 trillion infrastructure plan with higher corporate taxes, which is facing criticism from Republicans and industry support groups including the American Petroleum Institute who say it will kill jobs. The plan would hike the U.S. corporate tax rate to 28%, from
CRUDE OIL WEEKLY UPDATE (Week Ending 04-09-21)
Crude Oil Summary (EIA): U.S. crude oil refinery inputs averaged 15.0 million barrels per day during the week ending April 2, 2021 which was 103,000
NATURAL GAS WEEKLY UPDATE (Week Ending 04-09-21)
In the News (EIA): EIA forecasts that U.S. natural gas consumption will decline through 2022: U.S. natural gas consumption, after having reached an annual average
Zekelman Industries Steel Snapshot for March 2021
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts March HR Coil is $1,243, up $53 from Feb. Lost production in the south due
Preston Pipe Report – March 2021
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor <= 16” Diameter – In the OCTG section we noted that domestic HRB prices were increasing
Pipe Logix Line Pipe Report – March 2021
(by Kurt Minnich, www.pipe-logix.com) Line pipe prices increased nearly 6% in March with strong gains in ERW pricing. Domestic ERW prices were up 8.7% and
AISI – Press Release on Latest U.S. Imports of Steel Products – April 2021
(American Iron and Steel Institute, www.steel.org – April 7, 2021) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the
NASPD Summer Conference
The Westin Denver Downtown Hotel
Denver, Colorado
NAPCA Summer Workshop
Houston, Texas
OCTG & LINE PIPE FORECASTING SUMMIT 2021
Hyatt Regency Houston
NAPCA Annual Convention
JW Marriott Hill Country Resort
San Antonio, Texas
