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…
Texas Weekly Update April 17 2019
Operators First Well License Since Nov 1 2018 or Greater New Century Exploration, Inc._23933932_2_ELBERT GOFF (FRIO 4230) Primary Field C & E Operating, Inc_8932756_3_WILDCAT Primary Field Smith Production Inc._42734783_4_BRAULIA, EAST (VICKSBURG CONS.) Primary Field BELTER INC._44736779_7_THROCKMORTON COUNTY REGULAR Primary Field Atmos Energy Corporation_44134601_7_WILDCAT Primary Field Raw Oil & Gas, Inc._50137139_8_BRAHANEY, EAST…
Oil & Gas Daily Update April 2
Today’s energy and equity market action: A relatively good day for oil prices, despite a slight pullback in equity markets. Brent rose 0.5%, edging closer to the US$70 threshold, while WTI rose 1.6%. The spread between the two benchmarks shrank to US$6.80 a barrel, the lowest since last fall. Canada’s…
Canadian Oil & Gas Weekly Update April 1 2019
Interesting News Yangarra Resources working with Grey Owl Engineering Ltd. large compressor 12-20-037-07W5 Whitecap Resources Inc. new compressor 16-18-062-02W6 Peyto Drill 50Hz Wells (Liquids Rich Natural Gas) vs 70 in 2018 BC 28 new well license approved last week CNRL two 5 well pads approved 16-35-058-03W4 & 12-19-065-05W4 Teine Energy…
Oil & Gas Daily Update March 29
Today’s energy market action: Risk appetite resurfaced on Friday, sending equity markets and most commodities higher, Brent rose almost 1% while WTI gained 1.4%, ending the week back above US$60 for the first time since early November. Canadian Light and WCS also rose about 1.5%. The Edmonton Condensate (C5+) discount…
