Friday, November 29, 2024

OPEC Sees a Market Balance Farther Out There Somewhere

OPEC production falls slightly, but says strong production elsewhere could lengthen crude oil glut OPEC’s Oil Monthly Report for August, released Monday, showed stronger than expected production from non-OPEC sources, indicating the crude oil glut may take more time to even out than the group previously believed. In the report, OPEC said non-OPEC members like the U.S., Russia and Norway

DUC Estimates – 5,031 Wells Await Completion: EIA

The total number of DUCs is declining, but remains elevated Along with its monthly Drilling Productivity Report (DPR), the EIA released a supplement today which estimates the number of drilled uncompleted wells (DUCs) in the seven key oil and natural gas producing regions covered by the agency’s broader drilling report. The number of DUCs has been declining over the past

World’s Largest Hedge-Fund Looking for New Investors

Bridgewater Associates raising new capital; fund has returned an average 12% annually since 1991 Bridgewater Associates LP, the world’s largest hedge-fund manager, is raising new money for its flagship Pure Alpha fund for the first time since 2009. The firm is looking for new investors to bring the fund back to its optimal size, as the $70 billion Pure Alpha

Bayou City Energy Purchases Preferred Stock in High Mesa, an Established STACK Operator

Bayou City Energy (“Bayou City” or BCE”) today announced its affiliate, BCE-MESA Holdings LLC (“BCE-MESA”) completed the purchase of preferred stock in High Mesa, Inc. (“High Mesa”). High Mesa is a privately held Delaware corporation, of which the common stock is owned by management of High Mesa, and the preferred stock is owned by BCE-MESA and HPS Investment Partners, LLC

DAPL Moves Towards Completion, “Keep it in the Ground” Gets Crazier

Obama Administration Halts Work on Dakota Access Pipeline

Administration Overturns Federal Court Ruling, Halts Work on $3.8 Billion Dakota Access Pipeline In a surprise statement on Friday, the Obama administration said that it would not issue the easements necessary for construction to begin on a portion of the Dakota Access Pipeline project planned to run under Lake Oahe in North Dakota, just north of the boundaries of the