Friday, December 20, 2024

Natural Gas Delivers a Surprise

NATURAL GAS INVENTORY (Week Ended 7/29/16) Current: 3,288 Bcf Actual Injection/(Withdrawal), per EIA: (6) Bcf Economist Average Estimate, per Bloomberg: 0 Bcf Previous: 3,294 Bcf Natural gas inventory is cyclical in nature, to the point where the two cycles are broken into “withdrawal season” and “injection season.” Both are common benchmarks among followers of the natural gas sector. The “S-curve” that emanates from this

EnerCom Conference Presenter Focus: QEP Resources

QEP Resources will present at EnerCom’s The Oil & Gas Conference® 21 on Aug. 16. QEP resources, Inc. (ticker: QEP) is an independent crude oil and natural gas exploration and production company headquartered in Denver, Colorado. The company’s operations are focused on all three components of hydrocarbon production, oil, natural gas liquids, and dry natural gas. QEP holds acreage in

Occidental Can Realize “the Same Amount of Productivity with Half the Rigs” – In the Permian

Occidental looks to add 2 rigs to the Permian in 2017 Occidental Petroleum (ticker: OXY) announced its second quarter results this week, reporting quarter-end cash balance of $3.8 billion, and Permian Resources production of 126 MBOEPD, up 16% year-over-year. OXY’s total company production increased to 609 MBOEPD due in large part to production in Abu Dhabi and Oman, but the Permian

WPX More than Doubles Resource Potential Estimates in the Delaware Basin

WPX Energy reports 15% higher oil volumes in the Delaware WPX Energy (ticker: WPX) released its second quarter results today, reporting that the company joined the 100,000-acre club in the Delaware Basin. WPX undertook a $5.5 billion transformation to become a more oily company following Rick Muncrief’s  appointment as CEO, after which the company made the Delaware its flagship basin. Following