Thursday, January 30, 2025

Will Increased Oil Hedging Hold Prices Down?

With Physical Hedging on Rise, Production Response May Weaken With OPEC and non-OPEC production cuts on the horizon (although not guaranteed), institutions exposed to oil have shifted their outlooks for price risk, as reflected in their current positions in NYMEX WTI futures and options. As the WTI forward curve has shifted into backwardation, analysts are calling for swollen inventories to

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

Atlantic Sunrise Gas Pipeline Receives Approval

Williams receives final Environmental Impact Statement for the Atlantic Sunrise project Houston-based Cabot Oil & Gas Corp. (ticker: COG) announced Friday that Williams Partners (ticker: WPZ) received its final Environmental Impact Statement (EIS) from the Federal Energy Regulatory Commission (FERC) for its Atlantic Sunrise project. Cabot holds 850,000 MMBtu/d of transportation capacity on the Atlantic Sunrise project. “The issuance of the final

U.S. Rig Count Recovers Almost Completely in 2016

U.S. rig count down 40 from the start of the year The number of rigs drilling in the United States plummeted along with crude oil prices from the end of 2014 through the first half of this year. Lower prices made many hydrocarbon resources in the ground uneconomical to produce, reducing the demand for rigs. As prices have recovered, the