Sunday, December 22, 2024
Iran

Iran is Undercutting Saudi Oil Prices

Iran selling Forozan Blend to Asia at a $2.43 discount Iran is increasing pressure on fellow OPEC members as its attempts to retake lost market share in major markets like Asia. The Islamic Republic is now undercutting the price of Saudi crude oil in Asia after holding its own crude at a premium to Saudi Arabia’s light crude for almost

PDC Energy Targets 35% Growth with Debt-to-EBITDA Below 2x

PDC Energy increases EURs 9% in core assets A number of analyst notes were released following PDC Energy’s (ticker: PDCE) analyst day held in Denver this week discussing the companies impressive metrics. The company said that it has lowered completed well costs 2-4%, allowing the company to continue growing production while simultaneously lowering its projected 2016 capital budget. PDC Energy’s

Rig Count Falls Below 450, WTI Nudges $40

The rig count continues to fall as prices rise The U.S. rig count fell for the sixteenth straight week, according to information released by Baker Hughes (ticker: BHI) today. There are now just 443 rigs actively drilling in the U.S., seven less than BHI reported last week. The number of rigs targeting gas increased by one over the course of

Call for Whitepapers

Highlighting Technologies for Finding Resources, Improving Drilling and Extraction, Storage and Transportation of Oil & Natural Gas EnerCom Inc. is seeking geoscientists, petroleum engineers, drilling and completions engineers, technology developers and others who would like to submit a technical whitepaper that highlights new technologies designed to increase success in the finding, drilling and extraction, storage and transportation of oil and natural gas. Examples