Today’s energy and equity market action: Rising stock markets give oil prices a boost on Tuesday. Brent and WTI post first gain in past five trading days. C5+ moves up 1%, as discount to WTI narrows to US$5.50/bbl. US markets surge higher on hopes of interest rate cut. SPX energy gains…
Texas Oil & Gas Company Weekly Update May 29
Texas Accounts First Well License Since Jan 1 2018 or Greater Activa Resources LLC_1_WILDCAT Primary Field_Exploratory Test Well Aurora Resources Corporation_1_WHEELER-MAG (1200) Primary Field_Oil Well BARON ENERGY INC._1_PILGRIM (AUSTIN CHALK) Primary Field_Oil or Gas Well Ricochet Energy, Inc._3_WILDCAT Primary Field_Oil or Gas Well Sandalwood Exploration, L.P._3_BACON (WILCOX 1ST) Primary Field_Oil…
Oil & Gas Company Daily Update May 29 2019
Today’s energy, equity and currency market action: Brent/WTI dip lower and reverse some of yesterday’s gains. Cdn crude benchmarks move higher as discounts to WTI narrow. API forecasts big build in US crude and gasoline stockpiles. Loonie sinks below 74 cents as USD hits 2-yr high. Cdn/US markets post second consecutive…
Oil & Gas Company News Daily Update May 28 2019
Today’s energy and equity market action: Brent rises 2% to over US$70/bbl, as backwardation steepens. WTI gains almost 1%, taking Cdn Light and C5+ higher. WCS drops 1%, as heavy oil discount widens by almost US$1/bbl. Recession concerns trigger market sell-off and drop in bond yields. Energy sectors fall 1.1%…
Canadian Oil & Gas Company Weekly Update May 27 2019
Interesting News PEMBINA large compressor project gas plant 14-28-062-20W5 NuVista Energy Ltd. large compressor project gas battery 16-28-071-09W6 High Ground Energy 4 new Oil satellite – multiwell PROVOST DEEP EARTH ENERGY two new facilities Estevan Husky Energy new 16 well pad Lloydminster 10-28-053-21W3 High Ground 4 new well pads total…
Oil & Gas ON THE AGENDA THIS WEEK
MONDAY US markets closed for Memorial Day Clean Energy Ministerial Meeting kicks-off in Vancouver, BC TUESDAY Husky Energy Investor Day in Toronto, ON WEDNESDAY API Weekly Statistical Bulletin (holiday schedule) THURSDAY EIA Weekly Petroleum Status Report (holiday schedule) EIA Weekly Natural Gas Storage Report Bank of Canada Interest Rate Decision…
Oil & Gas Company News Recap
IN CASE YOU MISSED IT … CANADA Cdn Press • Encana CEO: AB oil output would rise 4-fold if located in USCBC • BC can’t restrict heavy oil shipments through Trans Mountain USA Bloomberg • Texas pipeline activists face 10-yr sentence under new lawReuters • Permian natural gas prices go negative againJPT • Make or Breakeven:…
Oil & Gas Company Daily News May 24
Today’s energy market action: Oil prices recover some of Thursday’s losses on Friday …… but post largest weekly drop so far this year. Canadian light and heavy benchmarks slide 10% w/w. Gasoline and heating oil also decline 5% w/w. US oil rig counts drop by 5, while Canada adds 16. US energy…
Oil & Gas Daily News May 22
Today’s oil & gas company market action: OECD warns trade wars dragging on global economic growth. Brent falls 1.6%, while WTI slips 2.5%, taking WCS down over 3%. Discounts on Cdn Light and C5+ widen, returning to levels of mid-Dec. Gasoline and heating oil fall 1.5%, while Henry Hub gives…
Oil & Gas Weekly Update May 21 2019
Today’s energy market action: Oil prices end Tuesday little changed. Cdn light/heavy discounts hold steady at US$7.25 and US$15.75. Gasoline prices rise 0.6%, returning to US$2 a gallon. Henry Hub falls over 2%, wiping out Monday’s gains. Energy sectors move up about 1% on both sides of the border. Today’s notable energy news: API…
