The EIA released it’s STEO for 2020. According to the article below from oilprice.com the price differential between Brent and WTI will narrow. WTI Crude prices will average about US$5.50 a barrel lower than Brent Crude in 2020 and 2021—a narrower discount compared with the average US$7.35 a barrel discountRead More
So it would seem the battle for Canadian Oil pipeline expansions continues with a victory for the Trans Mountain oil pipeline supporters and PM Justin Trudeau. This quote from the Bloomsberg article below says it all. The expansion, which would boost daily shipping capacity by 590,000 barrels to a totalRead More
Rigzone reported on the latest rig count and according to the latest weekly report, the Permian Basin led the pack in new rigs this past week adding 6 new rigs. In total 14 new oil and 1 gas rig were added to the count bringing the total to 796. USRead More
Catching up on Industry news, I ran across the article below and a quote in it caught my eye. It’s so true, Shale has dominated the Industry and the Permian Basin to the point where the mention of oil and gas seems to automatically have investors assume it is aRead More
One of the benefits of investing in oil and gas on private land leases is not having to deal with the possibility of law suits and legal proceedings such as these. Luckily our New Mexico leases are all on privately owned lands, so this will never be an issue forRead More
New Mexico Oil and Gas Association spokesman Robert McEntyre, cautioned against policy changes that could impact the growth of the state’s oil and gas sector. His reasoning is sound considering recent events around the globe. The article below from the Carlsbad Current-Argus highlights the strengths of the New Mexico PermianRead More
Growth in the Southeast New Mexico Permian Basin over the last 10 years has quadrupled, leading to the need for more takeaway. The Basin has been a large contributor to the US’s ability to become a net exporter and the U.S.-Mexico-Canada Agreement (USMCA) will enable the US to sell toRead More
A look at what 2020 has in store for Oil & Gas according to the article below by Forbes.com Energy Contributor Davit Blackmon, it remains to be seen if his “petroleum-based” crystal ball is accurate. 7 Things To Expect From The Oil And Gas Industry In 2020 David BlackmonContributor Energy InRead More
The International Energy Agency’s (IEA) new report on global consumption and Rystad’s and PricewaterhouseCooper’s forecasts on investment and new discoveries override previous concerns of global market collapse and supply fears. 2019 saw the slump in new discoveries vanish with a four-year high 12.2 billion barrels of oil or the equivalentRead More
According to the article below at Oilprice.com, the OPEC quotas were more than met by the Saudi’s who cut their production well short of their personal goal . Other countries who have previously ignored quotas did at least make an effort to comply. OPEC Is Making Even Deeper Cuts ThanRead More
