Today’s energy and equity market action: Rising USD drags commodities lower on Friday, including energy. Brent and WTI post losses for the day, but a decent 2% gain for the week. Cdn light/heavy oil take a tumble as discounts widen on contract expiry. Gasoline falls 0.5% for the day, but…
Oil & Gas Daily Update May 16
Oil prices and equity markets post third consecutive day of gains Oil prices and equity markets post third consecutive day of gainsToday’s energy, currency and equity market action:Geopolitical tensions and rising stock markets give oil prices a boost.Brent gains 1.2%, while WTI and Cdn crudes rise about 1.5%.Gasoline and heating…
Texas Oil & Gas Weekly Update
Texas Weekly Update May 15 2019 Texas Accounts First Well License Since Dec 1 2018 or Greater DUNCAN OIL PROPERTIES_29534382_10_LIPSCOMB (CLEVELAND) Primary Field Cross Timbers Energy, LLC_10336641_8_JORDAN (FUSSELMAN) Primary Field Houston Pipe Line Company LP_33535989_8_WILDCAT Primary Field RBJ & ASSOCIATES, LP_22740157_8_WILDHORSE (CISCO REEF) Primary Field CARROLL OPERATING, LLC_12531376_8_DOCKUM CREEK (TANNEHILL)…
Oil & Gas Daily Updates
oday’s energy and equity market action: Oil prices creep higher again on Wednesday. Cdn heavy oil discount widens to US$13, the highest since mid-Feb. Gasoline prices rise 2%, and move back above US$2 a gallon. SPX energy gains 0.5%, while TSX energy little changed. Today’s supply/demand update: US crude stockpiles rise…
Oil & Gas Daily Update May 15
Today’s energy market action: Comforting words from Trump sends stocks and commodities higher. Brent gains 1.4%, while WTI and WCS rise 1.2%. Gasoline, heating oil and Henry Hub also move higher. API forecasts 8.6M bbl build in US crude stockpiles. SPX energy rises 1%, while TSX energy posts 2% gain. Today’s supply/demand…
Oil & Gas Daily Update May 13
Today’s energy market action: Oil prices take a step back, dragged lower by falling equity markets. Brent declines 0.6%, ending Monday just above US$70/bbl. WTI, Canadian Light and WCS also give back about 1%. Today’s treasury, currency and equity market action: China boosts tariffs on US imports, sending markets and…
Western Canada New Well License Alert
We are tracking 41 Operators who had 144 new well permits approved last week. The map below shows the permit count and location.
Western Canada Weekly Update May 13 2019
Interesting News In the other new section we have lots of information, most of the Operators are reporting increased profits with the addition revenue focused on reducing debt versus production growth. The exceptions are; Tamarack Valley anticipates that approximately 65% of its drilling program will occur in the second half…
Oil & Gas Daily Update
Today’s energy and equity market update: Crude benchmarks little changed for the day. Cdn Light and WCS post fourth consecutive week of losses. Henry Hub gains over 2% for the week. Stellar jobs report helps loonie pair losses from earlier in the week. TSX energy sector logs third consecutive week of declines. SPX…
Oil & Gas Daily Update May 8
Today’s energy and equity market update: Brent and WTI move higher, reversing Tuesday’s losses. Canadian benchmarks rise over 1%, on par with WTI. Heating oil and gasoline gain 1%, while Henry Hub rises 3%. SPX energy little changed while TSX energy moves up almost 2%. US refining stocks worst hit subsector despite higher…
