Industry Insights & Opinions – Page 133

Debate over Crude Export Ban is Gaining Steam – Changes, Are they a’Coming?

January 21, 2014

Decades ago, the Organization of the Petroleum Exporting Countries (OPEC) was THE lifeline to the United States’ thirst for oil. Now, record production, horizontal drilling, advanced seismic and completion technologies, and increased spending rates have the U.S. primed to become the world’s top oil producer. Out of 62 companies for which we have gathered data on capital expenditures and estimates,

Gary Evans, Magnum Hunter CEO on CNBC

January 10, 2014

https://www.oilandgas360.com/wp-content/uploads/2014/10/MHR_CNBC_2014_400px.mp4 Magnum Hunter Resources Chairman and CEO Gary Evans appeared on CNBC’s Closing Bell to discuss the company’s recent share price run, Utica and Marcellus growth operations, and near-term plans for the Bakken. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s

OPEC Maintains 30 MMBOPD Output Goal for 2014 Despite Global Surplus and Record U.S. Production

December 23, 2013

Oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) announced the group’s target output for 2014 will remain unchanged at 30 MMBOPD. Ministers of Iraq, Saudi Arabia and Kuwait made the announcement following a meeting between the exporters on December 22, 2013. “The market is in fear of a shortage of oil,” said Ali al-Naimi, the oil minister

BOEM Schedules Eastern GOM Sale – First Eastern Sale Since 2008

December 4, 2013

On December 3, 2013, the Bureau of Ocean Energy Management (BOEM) announced the Eastern Gulf of Mexico oil and gas lease sale 225 will take place on March 19, 2014. The sale is the first proposed for the Eastern Planning Area of the Gulf of Mexico (GOM) under President Obama’s 2012 to 2017 outershelf program, and will be the first

Trust, Yet Verify: Long-Term Oil Markets Not Expected to be affected by Iran Pact

November 26, 2013

On November 24, 2013, the United States and Iran reached a diplomatic accord in hopes of soothing tensions existing since the Carter administration. As part of the deal, Iran agreed to freeze its entire nuclear program in exchange for the U.S. to ease its trade restrictions. Relations between Iran and other nations have opened up since Dr. Hassan Rouhani took

Magnum Hunter CEO on CNBC’s Mad Money

November 7, 2013

https://www.oilandgas360.com/wp-content/uploads/2014/10/MHR_madmoney_2013-1106.mp4 Following its Houston Investor Day, Chairman and CEO Gary Evans appeared on CNBC’s Mad Money to discuss the company’s Bakken, Marcellus and Utica operations, as well as the company’s bullish outlook on natural gas. …

EOX’s CEO with Jim Cramer

October 23, 2013

https://www.oilandgas360.com/wp-content/uploads/2014/10/EOX_madmoney_oct_22.mp4 Emerald Oil’s CEO McAndrew Rudisill appeared on CNBC’s Mad Money with Jim Cramer to discuss the company’s high growth area in the Williston Basin and the company’s plans to add a third rig in Montana. …

Magnum Hunter CEO on BNN Television

October 21, 2013

https://www.oilandgas360.com/wp-content/uploads/2014/10/MHR_2013-10-18.mp4 Gary Evans, Magnum Hunter’s Chairman and CEO, was on BNN Television discussing his company’s Utica upside potential, and plans for near-term non-core asset sales. …

United States Future in Stock Market, Oil Imports Unclear as Debt Ceiling Nears

October 15, 2013

As the impasse in Washington drags closer to the Thursday debt ceiling deadline, the wait-and-see approach adopted by many Americans has had little effect on the stock market. Government entities haven’t been as fortunate. Furloughed workers and the closing of agencies, including the Energy Information Administration (EIA), are feeling the heat from the bitter political standoff. Traders expressed optimism at

Natural Gas: Beats Coal and Nuclear on Economic and Environmental Levels

October 7, 2013

Oil production alone has risen 34% since 2005, and the US continues to be the world’s chief producer of natural gas. Despite the surge in hydrocarbon resources, the coal industry is suffering. The vast natural gas supply unlocked by hydraulic fracturing and horizontal drilling has pushed prices below $4.00 per MMbtu. The low price of natural gas has made it

OPEC Output Hits Two-Year Low – Analysts Encouraged by Potential Energy Independence in the United States

October 3, 2013

According to a recent survey by Reuters, OPEC’s oil output dipped to a two-year low, falling from 30.32 MMBOPD in August 2013 to 30.07 MMBOPD in September 2013. The survey comes despite the fact that Saudi Arabia, the world’s largest oil exporter, has not weaned its production and continues to export more than 10 MMBOPD. The September 2013 OPEC output

President Rouhani Hopes “New Era” Can Soothe Political and Economic Difficulties in Iran

September 27, 2013

Dr. Hassan Rouhani is the seventh President of the Islamic Republic of Iran. He has been a Representative of the Supreme Leader to the Supreme National Security Council, a Member of the Expediency Council, and a Member of the Assembly of Experts. He took office on August 4, 2013, succeeding Mahmoud Ahmadinejad. Previously, Rouhani served as Iran’s nuclear negotiator to

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