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Upstream PMI Apr 19
"The power of extraction is that capital spend is spread out and cash returns come sooner. It costs less than $10 million to drill a well, and in America we drill thousands every year."
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Art Berman 8h
Natural gas net long positions decreased -36 bcf week ending April 12. Prices have fallen seasonally -$1.82 from maximum late November levels.
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Art Berman 6h
Decline in natural gas net long positions & gas prices consistent with 2017 & 2018. Prices will probably fall below $2.60 floor before increasing modestly in May & June.
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Javier Blas Apr 8
REPORTAGE: In the center of the basin, companies are looking at injecting CO2 underground to push more out. It works in conventional Permian reservoirs. Now is piloting the technology in rock |
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Shale Magazine 6h
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Texas Alliance Apr 4
Another sign of the power of production. Raven Petroleum has received an air permit from the Texas Commission on Environmental Quality regarding a proposed 30,000 barrels per day fractionation unit in South Texas
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Baryal🇪🇺🛢️ Apr 9
Expectations: Crude: +6.2 Mb Gasoline: -5.3 Mb Distillates:-1.0 Mb Cushing: -0.6 Mb
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Raffaele Perfetto Apr 18
—Investment in the US shale oil industry continues to fall, production growth is slowing and the balance of spending is shifting to other parts of the world, the oilfield services group Schlumberger has said. Via ⁦
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Silixa 7h
Silixa improves the performance, reduces operational costs and extends the lifespan of any asset by delivering data driven solutions from distributed fibre optic monitoring arrays.
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𝕮𝖍𝖎 🛢️ Mar 23
US downsides Over 70% of shale production comes from wells that are <3y in age; in practical terms, most of the “base” is in hyper-decline By 2021E, 3.5 mn b/d of new production will be needed per annum to keep production flat, almost twice the level required in 2018
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Anas Alhajji Apr 11
- I will not be surprised if, some time in the coming years, Brent price becomes double that of Midland WTI - I will not be surprised if some -export terminals along GoM declare bankruptcy & private equities supporting them lose their investment
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Art Berman 10h
"Without radical changes, the batteries which power green vehicles will continue to be tainted by human rights abuses." --Amnesty International
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Global Energy Inst Apr 9
Happening Now: GEI’s Guith discusses the immense downstream potential of the gas revolution in the Marcellus & its potential to bring much needed investment, workforce development & economic activity to West Virginia. Shale gas is a game changer!
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JEFAIN ALHAJRI Apr 6
Average breakeven prices to profitably drill a new well range from $48 to $54 per barrel. For the entire sample, firms need $50 per barrel. Source: Federal Reserves Bank of Dallas
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Sean Evers Apr 7
"As long as oil prices above $22 bbl most oil producers cover their costs," tells
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Art Berman Apr 20
Natural gas prices fell to lowest level since Jun 2016 week ending Apr 18. Front-month price fell -$0.17 to $2.49 but 6 mo spreads only decreased -$0.03. Natural gas prices less than 2018-19 winter mean level of $3.24 since Jan 18.
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David Gaffen Apr 19
In addition, they note "increased pipeline batching has reduced the efficiency of existing pipes." But you'd have known all of this if you'd read and story from a week ago.
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SPE International Apr 4
Another industry report issued last month touts the coming gains in US shale, predicting that the country will soon be the largest oil producer and possibly exporter in the world.
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DrForecast Apr 7
might be targeting $63.7 this week that is 61.8% of the price movement of Oct-Dec 2018. Then, it might be going down to $21 that is twice the price movement of Dec 2018 - Apr 2019. Please retweet. Good luck!
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ShaleGasNOW Apr 11
ICYMI: Fossil makes up 80% of the nation’s power supply, with about 29% of that he said. Renewables are about 11%. We will depend on fossil energy well into the balance of this century.
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