FROM THE OIL PATCH
Mid-Year Forecast: International operators make their way forward carefully
Although global oil and gas demand has recovered much of the ground lost last year, there are plenty of question marks left in the market for operators to navigate, including ESG and renewables challenges. In the months following our February 2021 forecast, it initially appeared as though some stability was
U.S. shale drillers fear losing European gas orders to Russia
U.S. shale drillers are increasingly worried that swelling Russian natural gas exports will slash their European market share. American gas
U.S. Northeast Update: Appalachian Basin Gas Production Still Outpacing Pipeline Construction
The Northeast power grid is the most natural gas-dependent of all U.S. regions, and the Appalachian Basin is setting record
Natural Gas Makes Up Larger Share Of U.S. Oil Producers’ Revenues
Thanks to higher natural gas prices, U.S. oil producers are generating a larger share of their revenues from natural gas. The share of natural gas in revenues jumped to 14 percent in the first quarter of 2021—the highest since at least 2018, the Energy Information Administration (EIA) says. Excluding the integrated
Today’s global energy crisis is just the first in the “clean power” era
The world is living through the first major energy crisis of the clean-power transition. It won’t be the last. The shortages jolting natural gas and electricity markets from the UK to China are unfolding just as demand roars back from the pandemic. But the planet has faced volatile energy markets
American Oil Drillers Are Facing A Sharp Rise In Costs
U.S. oil producers, especially those active in shale, have been hailed for sticking to a strict financial discipline amid the pandemic-driven crisis and for changing their focus from production growth to shareholder returns. Now, things may be about to change—and for the worse. The latest Dallas Fed Survey found that costs in
CRUDE OIL WEEKLY UPDATE (Week Ending 10-15-21)
Crude Oil Summary (EIA): U.S. crude oil refinery inputs averaged 15.1 million barrels per day during the week ending October 8, 2021 which was 0.7
NATURAL GAS WEEKLY UPDATE (Week Ending 10-15-21)
In the News (EIA): U.S. natural gas prices likely to remain elevated through the winter: In our October Short-Term Energy Outlook (STEO), we forecast that
Zekelman Industries Steel Snapshot for Oct 2021
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Oct HR Coil $1,960, up $3 from Sept. Sept Steel import applications up ~9% from
Preston Pipe Report – September 2021
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – Line pipe licenses so far in September (8 of 21 business days counted) are already
Pipe Logix Line Pipe Report – September 2021
(by Kurt Minnich, www.pipe-logix.com) Line pipe prices increased $80/ton or 3% in September with domestic prices up 2.6% and import prices up 3.5%. Seamless prices
AISI – Press Release on Latest U.S. Imports of Steel Products – October 2021
(American Iron and Steel Institute, www.steel.org – October 8, 2021) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the
NAPCA Annual Convention
JW Marriott Hill Country Resort
San Antonio, Texas
