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
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
Shale’s post-crash recovery battles rising costs, loss of suppliers
Explorers in the U.S. shale patch are starting to see signs of higher costs as drilling begins to ramp up after last year’s historic crude crash, according to the latest poll conducted by the Federal Reserve Bank of Dallas. The oil price needed to profitably drill a new well is
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
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
