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…
Oil & Gas Companies Daily Update Sept 10 2019
Today’s energy market action: Oil and gas prices continue to move higher. Brent and WTI both rise about 2%. Cdn light and heavy benchmarks gain closer to 3%. Heavy oil discount moves back above US$12/bbl. Henry Hub surges 4%, while gasoline moves up 1%. Energy stocks outperform on both side of…
Canadian Oil & Gas Companies Weekly Update
Weekly Update Sept 9 2019 Interesting News Cenovus Energy Inc. 139 new well license Bonnyville Area Tourmaline Oil Corp 23 new well license in BC Shell Canada add 3 well permits to PAD 15-36-064-23W5 making a total of 6 well permits SURGE ENERGY INC. new well pad with 4 well…
Oil & Gas Companies Weekly Update
ALBERTAAB Gov’t • Promise made, promise kept on the AERCdn Press • AB gov’t to review AER, replaces board membersCdn Press • AB finance minister: No longer the ‘rich kids on the block’PM • AB has ‘lost its reputation’ as a competitive place to invest CANADAS&P Global • S&P Global Platts acquires Canada’s EnerdataTrans Mountain…
Oil & Gas Companies Daily Post Sept 7
Today’s energy, equity and currency market action: Oil prices rise for a third day in a row. WTI adds 0.4% for the day, and 2.6% for the week. Brent and Cdn Light add 2% for the week …… while WCS, SCO and C5+ add about 3.5%. Henry Hub soars over 9%,…
Oil & Gas Companies Daily Update Sept 5
Today’s energy and equity market action: Oil prices rally in the morning, but fizzle in the afternoon. WTI little changed, while Cdn Light moves up 0.3%. WCS dips 0.4%, as heavy oil discount widens slightly. Equity markets soar as US/China trade talks progress. Energy stocks log second day of gains on TSX/SPX….
Oil & Gas Companies Texas Weekly Update Sept 3
Texas Producers First Well Permits Since April 1 2019 or Greater SMITH STREET_8_HOEFS T-K (WOLFCAMP) Primary Field_Oil Well SAGE NATURAL RESOURCES LLC_9_NEWARK, EAST (BARNETT SHALE) Primary Field_Oil or Gas Well HASKIT, KENDALL_7B_CALLAHAN COUNTY REGULAR Primary Field_Oil or Gas Well HASKIT, KENDALL_7B_CALLAHAN COUNTY REGULAR Primary Field_Oil or Gas Well STRAWN PARTNERS…
Daily Oil & Gas News Sept 4 2019
Today’s energy and equity market action: Oil prices recover losses from past two trading days. Brent and WTI gain 4%, while WCS moves up 5%. Cdn Light discount widens to US$4.50/bbl. SPX/TSX energy stocks also move up on Wednesday. Today’s notable energy news: Lower oil prices widen Canada’s trade deficit….
Oil & Gas Companies Daily News Sept 3
Today’s energy market action: Oil prices kick off new week with another loss. Brent slides to lows of mid-August …… while WTI breaks below US$54/bbl. Heavy oil discount narrows to US$11.50 …… while SCO premium jumps to US$1.44. Gasoline breaks below US$1.50. TSX/SPX energy sectors move lower. Cdn midstream stocks continue to…
