What a difference a year makes. When Oil & Gas 360® released its year in review piece exactly 365 days ago, the Energy Information Administration (EIA) was projecting oil volumes to rise through 2016 and natural gas volumes to continue their climb through 2040. What the EIA could not project was a debatable glut in the market, first seen in
Weatherford International plc (WFT) closed the previously announced sale of the Company’s engineered chemistry and Integrity drilling fluids businesses to an affiliate of The Lubrizol Corporation, a Berkshire Hathaway company, for a purchase price of $750 million, subject to a customary post-closing working capital adjustment. Weatherford may also receive a potential increase of $75 million from an earnout tied to
CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/26/14) Current: 385,455 Actual Build/(Withdrawal): (1,754) Economist Average Estimate: 133 Previous: 387,209 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy.
NATURAL GAS INVENTORY (Week Ended 12/26/14) Current: 3,220 Bcf Actual Injection/(Withdrawal): (26) Bcf Economist Average Estimate: (35) Bcf Previous: 3,246 Bcf Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. ANALYST COMMENTARY UBS Investment Research (12.31.14) Storage withdrawal below expectations Storage fell 26 Bcf, below consensus expectations of 32 Bcf and the UBSe range
UPCOMING DEADLINE: The Law Offices of Vincent Wong Notifies Investors of Class Action Involving SandRidge Energy, Inc. and a Lead Plaintiff Deadline of January 12, 2015
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
