Energize Weekly, December 18, 2019 Worldwide investment in oil and gas production, estimated at $1.4 trillion over the next five years, will lock in carbon emissions that will make it impossible to meet the goals to limit global warming, according to a report by a coalition of environmental groups. “While capital expenditure (CapEx) on new…
Energize Weekly, December 11, 2019 Employment in Texas’ Permian Basin – in a sign of cooling oil and gas activity – declined by 400 jobs through the first 10 months of 2019 after adding 16,700 jobs in 2018, according to the Federal Reserve Bank of Dallas. For the year, employment for the oil and gas…
Energize Weekly, November 27, 2019 Prices for home-heating oil and propane are starting this winter heating season at lower prices than a year ago, with heating oil 10 percent cheaper and propane down 22 percent, according to the federal Energy Information Administration (EIA). The winter heating season runs from October 1 to March 31, and…
Energize Weekly, November 6, 2019 The stock and bond markets continued to cool for oil and gas drillers in the third quarter of 2019 with $495 million raised in equity, a 79 percent decline year-over-year, according to a report from Enverus, an industry analytics firm. Bond offerings for “upstream” drillers rose for the quarter to…
Energize Weekly, October 9, 2019 U.S. oil and gas sector mergers and acquisitions (M&A) ticked up in the third quarter of 2019 to more than $17 billion, putting M&A activity for the year-to-date at $85 billion, according to Enverus, an industry analytics company. After a weak start to the year, deal activity was close to…
Energize Weekly, September 11, 2019 Natural gas prices in the Permian Basin are being bolstered as new takeaway pipeline capacity is opening in the western Texas fields. The natural gas price at the Waha Hub in western Texas reached $1.55 per million British thermal units (MMBtu) on Aug. 15, the highest price in nearly six…
Energize Weekly, July 31, 2019 Investment in the oil sector was $16.9 billion in the second quarter of 2019 – a 36 percent drop year-on-year and down 23 percent from the first quarter of 2019, according to Drillinginfo, an industry data analyst. The industry raised $3.4 billion from public stock offerings, down 19 percent year-on-year,…
Energize Weekly, May 29, 2019 As costs come down for producing oil from shale plays, U.S. production appears to be playing a larger role in anchoring long-term oil prices, according to a Federal Reserve Bank of Dallas analysis. The combination of shorter lead times between drilling and production and the falling break-even price—the price at…
Energize Weekly, January 24, 2018 Oil and natural gas production for 2018 is projected to break records as oil prices move higher and as gas prices remain firm, according to the federal Energy Information Administration’s (EIA) short-term energy outlook. U.S. crude oil production is forecast to average 10.3 billion barrels a day in 2018, which…
Energize Weekly, January 17, 2018 Although much of the nation—from Florida to Michigan to Maine—was punished with frigid temperatures in December and January, heating fuel supplies held up well, according the federal Energy Information Administration (EIA). “Current cold weather in the Midwest and Northeast United States has put some pressure on winter heating fuel stocks,…
Energize Weekly, January 17, 2018 Consumer advocates and attorneys general from 18 states are calling for federal energy regulators to ensure that hundreds of millions of dollars in tax savings utilities are likely to gain from the new federal tax law are passed on to consumers. In letter to the Federal Energy Regulatory Commission (FERC),…
Energize Weekly, January 10, 2018 The federal tax overhaul may provide a windfall in tax cuts and write-offs for utilities. Now, utility commissions and state officials around the country are looking to see if some of that money ought to flow back to customers. On Jan. 4, Oklahoma Corporation Commission administrative judges recommended that five Oklahoma…
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