OPEC’s First Cut Is The Deepest, IEA Says

All eyes are on OPEC and other major oil producers to determine whether they are complying with production cut agreements that were to take effect on January 1. According to the IEA, they are for the most part complying- at least…

Hey China, Knock It Off

There’s a not-so-secret place in southwest Houston you can go to buy high-end goods for a fraction of what the price would be for the real thing. Convince the proprietor you’re not part of a counterfeit squad crackdown and doors will open…

The Oil Market Is Almost Balanced Already, EIA Says

Both the US Energy Information Administration and the International Energy Agency recently released their monthly reports, which both point to a recovering oil market, uncertainty about the trajectory OPEC production cuts, and a…

Mysterious Lights Show Over The Eagle Ford

What’s up with the eerie light show going on over the Eagle Ford shale in Southwest Texas at night? Oil field crew hands, security guards and area ranchers have witnessed the mysterious light displays, and it has them baffled – some are even a…

U.S. Oil & Gas Industry Improving, Parsley Energy & More!

Here’s what you need to know this week in oil and gas: Economist: U.S. oil and gas industry improving – The chief economist for the American Petroleum Institute said this week that the U.S. oil and gas industry is starting to improve after two years of…

Iran: The Black Swan Of 2017?

President Donald Trump said his administration was “putting Iran on notice,” following its test of a ballistic missile. The US Treasury Department placed sanctions on 13 individuals and 12 entities which cannot do business with US companies…

2017’s Oil Story: Saudi Arabia & Donald Trump

Saudi Arabia Energy Minister Khalid al-Falih told the BBC recently that the more oil and gas-friendly Trump administration may encourage the Kingdom to increase its oil investments in the US. “President Trump has policies…

Strategic Petroleum Reserve Sales Started In January

On January 25, the US Energy Department’s Office of Fossil Energy awarded contracts for the first of several sales of crude oil from the Strategic Petroleum Reserve. The move was made possible by a Continuing Resolution enacted in…

Keeping Bacteria Out Of The Borehole

Drillers and producers, take heed. Bacteria in drilling mud can reek havoc in the shale fields. Microorganisms that are naturally present in soil can lead to significant costs for producers – including reservoir plugging, reservoir souring…

Even If OPEC Cuts, Challenges Remain

We’ve repeated the refrain “compliance is key” over-and-over again since OPEC signed its production cut deal on November 30. The accord calls for the group’s 13 members to cut output to 32.5 M/bpd starting on January 1 and is…

Trump, Rick Perry & OPEC – It’s Been A Busy Week!

Here’s what you need to know this week in oil and gas: Confirmation on Perry’s nomination postponed. A vote that would have confirmed the nominations of former Texas Governor Rick Perry and Rep. Ryan Zinke, R-Mont. has been delayed…

Could 2017 Be A Repeat Of 2014? In One Sense, Yes.

An interesting phenomenon is unfolding in the global oil market as 2017 gets underway, and it has echoes of “déjà vu all over again.” US light tight oil (LTO) production is seen rising in 2017, and a growing number of global and national…

IEA Says “Wait And See” On Oil Prices

It’s way too soon to determine whether OPEC’s 13 members are complying with the production cut that they were supposed to have started enacting on January 1. But the coming weeks could provide more clarity on this issue, even as…

Kashagan Ramps-Up, Oil Market Beware

Up until last fall, the giant Kashagan field in the Caspian Sea was “Exhibit A” of frustration and ostensibly superfluous investment ($50 billion to be precise) in the global oil scene. But after repeated setbacks, it finally commenced…