Industry Insights & Opinions – Page 126

TOP MINDS IN THE BUSINESS: Bill Barrett Discusses Wildcatting, Finding Prospects, Down Cycle Opportunities and Company Building in a Downturn

March 5, 2015

In Part I of this exclusive interview for Oil & Gas 360®’s “Top Minds in the Business” series, legendary oil man Bill Barrett shares his views about wildcatting, his history as a successful wildcatter in the Rocky Mountains and what to look for in building an acreage portfolio. There are some business people who stand out in any industry because

U.S. Noncrude Exports Continue Record-Setting Trend

March 5, 2015

United States exports of noncrude petroleum products increased for the 13th straight year in 2014, the Energy Information Administration said in a report on March 5, 2015. The U.S. averaged 3.8 MMBOPD in 2014 – an increase of approximately 10% from 2013. The overwhelming majority of the product remained in the western hemisphere, being sent to various ports in both

Keystone XL: Obama Veto Override Fails by 5 Votes

March 4, 2015

The Senate is unable to override the president’s veto of TransCanada’s (ticker: TRP) Keystone XL pipeline The Senate was unable today to override President Obama’s veto of a bill that would have allowed for the construction of the Keystone XL pipeline. President Obama vetoed the bill last month, saying the legislation “attempts to circumvent longstanding and proven processes for determining

Global Oil Production Represented at 2019 EnerCom Conference is 47% Higher than in 2017 - Oil & Gas 360

Capital Raises Accelerating as E&Ps Dig in for a Tumultuous 2015

March 3, 2015

The cycles of the oil and gas market are inevitable, and throughout its history the industry has consistently recovered from downturns even as severe as the one we are experiencing today. Although the market swings are hardly ever uniform, independent E&Ps are engaging in various methods to weather the current downturn. Industry experts like Tom Petrie, Chairman of Petrie Partners,

Oil Markets to Get Worse Before They Get Better – Intervale Capital CEO on Fox Business

March 2, 2015

Intervale Capital Managing Partner Charles Cherington appeared on Fox Business’ Opening Bell with Maria Bartiromo to discuss the current oil markets. Cherington believes, like other oil executives and analysts, things are likely to get worse before they get better. “The fundamental problem right now is that supply exceeds demand by a considerable amount,” says Cherington. “And production in the United

Interview with Core Laboratories

February 25, 2015

Core Laboratories (NYSE: CLB) Chairman, President & CEO David Demshur discusses Core Laboratories’ reservoir enhancement technologies, the current oil and gas price environment, Peak Oil and details the company’s plans for 2015 and beyond. …

Refinery Strikes May Lead to Market Disruptions

February 23, 2015

Gasoline Prices Continue Edging Up As if the dwindling rig counts, record inventories and falling temperatures weren’t enough for the oil and gas industry, another complication is arising at the tail-end of the system. Strikes spearheaded by the United Steelworkers Union (USW) increased on February 23, 2015, and now consists of a total of 15 facilities, including 12 refineries. The

Enviro Group Sues U.S. Interior Department for Oil & Gas Development Offshore California

February 20, 2015

The Center for Biological Diversity filed a lawsuit against the United States Interior Department on February 19, 2015, alleging the violation of three federal laws for oil and gas development offshore California. The results from the lawsuit could potentially affect the oversight of all offshore activity, including those in the Gulf of Mexico. The Center cited several reasons behind its

BP Energy Outlook: United States “Likely” to be Self-Sufficient in Oil by 2030s

February 17, 2015

BP Energy (ticker: BP) released its latest edition of the 2035 Energy Outlook on February 17, 2015, complete with supporting materials, a press release and a webcast. The landing page of the report can be accessed by clicking here. BP stopped short of calling its projections a “crystal ball,” but says we can expect the following events to occur by

TransCanada on Keystone XL: “We Continue to Believe It Will be Ultimately Approved”

February 13, 2015

After Six Years, $8 Billion Keystone XL Awaits One Final Signature TransCanada Moving Ahead with $6 Billion in Other Capital Projects in 2015 Project start-ups may be lower than usual in the revamped commodity market, but TransCanada’s (ticker: TRP) operations are on the upswing. The Calgary-based pipeline company is moving forward with a CA$46 billion capital program through 2020, installing midstream

Chief Economist, Michael Carey, Interviewed on Oil & Gas 360 “TOP MINDS IN THE BUSINESS”

February 12, 2015

View PDF of Slides – Download the Source Video File If you glance through both recent and past editions of Bloomberg’s Analyst Rankings, a familiar name appears on many of the lists. Michael Carey, Chief Economist (North America) for Credit Agricole Corporate and Investment Bank, is recognized by Bloomberg as one of the top macroeconomic forecasters and is the second-best forecaster of

Keystone Passes Senate, Sets up Battle with Executive Branch

February 12, 2015

Approval of the Keystone XL pipeline has passed the U.S. Congress, will head to the desk of President Obama The Republican-led Congress passed legislation regarding TransCanada’s (ticker: TRP) Keystone XL pipeline. In a 270-152 vote, Congress decided to approve the pipeline which has been on hold for more than six years. The bill will now make its way to the

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