FROM THE OIL PATCH

Exxon faces 0MM earnings hit from Texas freeze
HEADLINES OF INTEREST

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

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The Natural Gas Flame Continues to Burn Bright

The Natural Gas Flame Continues to Burn Bright

The natural gas sector is well aware of the challenges facing the fossil fuel industry, but analysts say gas has attributes that will keep it a big part of the U.S. and global energy mix. Natural gas has moved to the front burner of power generation discussions. The fuel’s future

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Drill, Baby, Drill Hasn’t Died in the U.S. Shale Patch

Drill, Baby, Drill Hasn’t Died in the U.S. Shale Patch

Conditions in the U.S. shale patch look dismal. Nearly two years after the number of horizontal rigs drilling for unconventional oil peaked, they bottomed out six months ago at just 22% of their previous levels. Rather than a robust rebound, the recovery in activity has been a tired grind upward. That’s

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WEEKLY UPDATE
ANALISIS & INSIGHTS

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

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