Today’s energy market action: Higher stockpiles and higher output push oil prices lower. Brent falls 1%, while WTI and Cdn light oils slide 1.5%. WCS tumbles over 2%, as differential widens slightly. Henry Hub unchanged, while AECO dips 0.3%. US bond yields and USD move sharply higher. SPX energy sector nudge up 0.2%…
Texas Oil & Gas Companies Weekly Update Sept 25
Texas Weekly Update Sept 23 2019 Texas Producers First Well Permits Since May 1 2019 or Greater Sierra Resources, LLC_1_WILDCAT Primary Field_Oil or Gas Well BBL OPERATING COMPANY_3_MADISONVILLE, S. (GEOG. TWN. UP) Primary Field_Oil or Gas Well LONE STAR NGL MONT BELVIEU LP_3_BARBERS HILL Primary Field_Injection Well ONEOK HYDROCARBON SOUTHWEST,…
Oil & Gas Companies Daily Update Sept 25
Today’s energy market action: Oil prices give back all of Monday’s gains, and more. Brent, WTI and Cdn benchmarks all slide over 2%. Heavy oil discount drops below US$13 a barrel. Gasoline prices decline 2%. Henry Hub falls 1%, while AECO retreats 0.5%. API forecasts 1.4M bbl build in US crude stockpiles….
Oil & Gas Companies Daily Update Sept 24
Today’s energy and equity market action: Oil prices finally nudge higher after being flat for three days. Henry Hub little changed, while AECO gas gains 1.5%. TSX/SPX energy sectors both move up 0.1%. Seven oil and gas firms get dropped from TSX Composite Index. Today’s notable energy news: Premier Kenney pitches Alberta to…
Western Canada Oil & Gas Companies Weekly Update Sept 24
Interesting News Encana two compressor upgrade projects at existing facilities 11-24-064-24W5 & 15-31-062-21W5 7G working with Aztec Engineering Inc. on large compressor upgrade 10-16-062-04W6 Velvet has licensed 3 more wells at 06-35-068-03W6 this is a pad location that has 6 wells drilled Crescent Point new well license at existing pads…
Texas Oil & Gas Companies Weekly Update Sept 18
Texas Producers First Well Permits Since April 1 2019 or Greater ARCHER PETROLEUM_7B_WILDCAT Primary Field_Oil or Gas Well B&L EXPLORATION, L.L.C._2_HEYSER (5400 #3) Primary Field_Oil Well CYPRESS OPERATING, INC._6_FAIRWAY (MASSIVE ANHYDRITE) Primary Field_Oil Well ECHO VALLEY PETROLEUM SRVCS, LLC_8_SPRABERRY (TREND AREA) Primary Field_Injection Well Griffin Petroleum Company_8A_WILDCAT Primary Field_Oil Well…
Oil & Gas Companies Weekly Update Summary Sept 15
ALBERTA/CANADAAB Gov’t • Public inquiry: Inquiry into anti-energy campaignsAB Gov’t • Bill C-69 challenge: Statement from Premier KenneyAB Gov’t • Premier heads to US to boost investment and jobsPM • Kenney launches legal challenge against Bill C-69PM • Kenney to meet US investors as Cdn energy stocks flounderCANADAPM • Enbridge urges CER to not intervene in Mainline…
Canadian Oil & Gas Companies Weekly Update Sept 15
Weekly Update Sept 16 2019 Interesting News 3 compressor upgrade projects CNRL 01-15-063-07W4, Obsidian 05-06-043-08W5, Torxen 06-17-025-20W4 Imperial Oil 42 new well permits for 3 new well pads CNRL new 6 well pad 04-12-065-06W4 BONNYVILLE area 64 new well permits Nexen completes the spud of 12 well pad 08-13-085-07W4 Arc…
Oil & Gas Companies Daily Update Sept 10 2019
Today’s energy market action: Oil prices snap four day winning streak. WTI and Cdn benchmarks give back about 1%. Energy outperforms on both sides of the border. Today’s notable supply/demand update: API forecasts another big decline in US crude stockpiles. EIA lowers 2020 Brent and WTI forecasts. Goldman Sachs lowers 2019 demand forecast…
Texas Weekly Update Sept 11 2019
Texas Weekly Update Sept 9 2019 Texas Producers First Well Permits Since April 1 2019 or Greater Texas Eastern Transmission, LP_1_WILDCAT Primary Field_Cathodic Protection Well REPUBLIC EES, LLC_3_GIDDINGS (AUSTIN CHALK-3) Primary Field_Injection Well MEMORIAL DR_4_HAWKVILLE (EAGLEFORD SHALE) Primary Field_Gas Well BPX MIDSTREAM LLC_8_SCREWBEAN, NE. (DELAWARE) Primary Field_Injection Well FED OPERATING…
