Sunday, March 9, 2025

U.S. Drilling Comes Roaring Back

Texas, Permian add 16 rigs By Richard Rostad, analyst, Oil & Gas 360 American oil and gas activity increased sharply this week after falling for six weeks in a row, according to Baker Hughes. A net 19 rigs started drilling in the week, bringing the national total to 1,025. This increase partially reverses the past six-week slide, when a total

If You Were Looking for $86 Billion In Free Cash Flow

Aramco’s bond prospectus lifts the tent on unrivalled metrics By Richard Rostad, analyst, Oil & Gas 360 Saudi Aramco’s bond prospectus, released this week, provides a wealth of information on the largest oil company in the world. Stretching nearly 470 pages, the prospectus illustrates everything from expected natural gas demand in the kingdom to the dangers of missiles falling on

Blue highlighted dates indicate companies that hit 52-week lows in May 2019. Source: Johnson Rice & Company - Oil & Gas 360

Oil Set For Longest Run of Weekly Gains Since 2017

From Bloomberg Crude is set for the longest weekly winning streak since November 2017 amid concerns over supply shortfalls from countries like Venezuela and optimism over U.S.-China trade talks. Futures in New York rose as much as 0.9 percent Friday, leading to a 4 percent rally for the week. OPEC’s production dropped for a fourth straight month in March while Venezuela’s oil

Saudi Arabia Threatens To Ditch Dollar Oil Trades To Stop ‘NOPEC’ – Reuters

From Reuters Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington passes a bill exposing OPEC members to U.S. antitrust lawsuits, three sources familiar with Saudi energy policy said. They said the option had been discussed internally by senior Saudi energy officials in recent months. Two of the sources said the plan had