Interesting News Hemisphere planning an extensive drilling program MEDICINE HAT area ARC Resources Ltd. working with Bluestar Engineering compressor upgrade 07-18-067-24W5 TAQA North Ltd. working with Tridyne Projects large compressor upgrade 01-04-044-11W5 Devon Canada large bitumen battery 09-21-063-06W4 Encana 18 new well permit Sunrise BC Whitecap approved for 3 –…
Oil & Gas Daily Update April 29 2019
Today’s energy market action: Oil prices sink in the morning, but recover by the closing bell. S&P 500 and NASDAQ eke out another record high. Energy sectors little changed on both sides of the border. Today’s M&A news: Anadarko snubs Chevron and rekindles romance with Occidental. Delek confirms offer for Chevron’s UK North Sea assets. Taqa buys Schlumberger’s Mid-East drilling…
Oil & Gas Update April 27
Yesterday’s energy market action: After touching an almost 2-year high earlier this week, President Trump once again publicly called on OPEC to lower oil prices. The news sent both Brent and WTI lower by almost 3% for the day. Canadian crude benchmarks declined in sympathy with WTI, also falling over…
Oil & Gas Daily Update April 26
Today’s energy market action: Brent touches US$75 for the first time since late October. WTI dips for the second day in a row. Gasoline and heating oil little changed, while Henry Hub gains 2%. TSX and SPX energy sectors post a second day of losses. Today’s notable energy news: Poland/Germany cut-off…
Oil & Gas Daily Update
Today’s energy market action: WTI posts first loss for the week, falling 0.6% on Wednesday. WCS dips 1.5%, as discount to WTI widens slightly. Heating oil declines 1%, while gasoline falls 0.4%. Loonie sinks to 74 cents as Bank of Canada downgrades GDP forecast. USD takes another leg up, breaking…
Texas Weekly Update April 24 2019
Texas Accounts First Well Permit Since Dec 1 2018 or Greater Capital Star Oil and Gas, Inc._28534107_2_MONT (WILCOX 10,900) Primary Field FIELD PETROLEUM CORP._46934441_2_HELEN GOHLKE, W. (WILCOX) Primary Field Royal Production Company, Inc_29736017_2_MOUNT LUCAS (COOK MTN. 5800) Primary Field T-C Oil Company_39133200_2_MARY ELLEN OCONNOR (7900) Primary Field EAGLE VALLEY DEVELOPMENT LLC_47731122_3_GIDDINGS…
Oil & Gas Daily Update April 23
Today’s energy market action: Oil prices post another day of gains …… sending WTI and Brent back to highs of late-October. The heavy oil discount widens by US$1.15/bbl …… sending WCS lower by 1%. Natgas prices sink over 2%, reversing most of Monday’s gains. Today’s currency and equity market action: The…
Oil & Gas Daily Update April 22
Today’s energy market action: As expected, the Trump Administration announced an end to all Iranian crude import waivers, once the current waivers expire on May 1. Last November, the US government granted 6-month waivers to eight countries, including Iran’s largest buyers – China and India. The Americans say they have…
Oil & Gas Daily New Update
Today’s energy market action: Oil prices end the week slightly higher. Henry Hub slides 1% for the day, and over 6% for the week. SPX energy drops 0.5% for the day, wiping out all gains for the week. TSX energy rises 0.4% for the day, and 2.2% for the week. Today’s notable energy…
Oil & Gas Daily Update April 17
Today’s energy market action: Oil prices continue to seesaw, ending Wednesday slightly lower. US crude inventories decline 1.4M bbls, as Midwest refinery runs improve. Gasoline prices rise 0.2%, moving back above US$2/gallon. Henry Hub slides 2%, ending the day just above US$2.50/MMBtu. Alberta’s heavy oil producers help lift the TSX energy…
