Shale

Putin Crowns Himself OPEC King

For more than half a century, Saudi Arabia’s oil minister could move markets with a few choice words about what OPEC may decide at its next meeting, generating millions if not billions of dollars of profit for insiders. Not anymore. While OPEC’s gatherings still influence prices, it’s not Sau ...

Petroteq Energy Inc. Announces MOU for $10MM for Lease and Extraction Facility

STUDIO CITY, CALIFORNIA–(Marketwired – Nov. 23, 2017) – Petroteq Energy Inc. (the “Company“) (TSX VENTURE:PQE)(OTCQX:PQEFF)(FRANKFURT:MW4A), a company focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil s ...

Natgas Exporting Countries Convene As Global Buyers' Market Rises

Top officials of major gas producing countries are meeting this week in Bolivia to weigh how to shore up prices that have been hammered by expanding supplies of the fuel that are giving global buyers greater sway over purchase and contract terms. The Gas Exporting Countries Forum (GECF), which aspir ...

Turkey’s Central Bank Lends Lira Support

Tuesday November 21: Five things the markets are talking about Both U.S and German politics dominate capital market moves. Despite the holiday-shortened trading week, the progress of the U.S tax reform legislation through congress continues to be closely watched. While in Germany, it remains uncle ...

Earthstone Energy Agrees To Sell Bakken Assets For $27 Million

[Editor's note: This story was updated at 2:10 p.m. CST Nov. 20.] Earthstone Energy Inc. (NYSE: ESTE) is ditching its nonop position in the Bakken Shale as the company continues to narrow its focus on the “highly economic” Midland Basin, Earthstone said Nov. 20. The Woodlands, Texas-based compan ...

Earthstone Sets Course For Permian With $27 Million Bakken Sale

[Editor's note: This story was updated at 11:10 a.m. CST Nov. 21.] Earthstone Energy Inc. (NYSE: ESTE) is ditching its nonop position in the Bakken Shale as the company continues to narrow its focus on the “highly economic” Midland Basin, Earthstone said Nov. 20. The Woodlands, Texas-based compa ...

Anadarko Petroleum Sees 11% Rise In 2018 Sales Volumes

Anadarko Petroleum Corp. (NYSE: APC) on Nov. 16 forecast an 11% rise in sales volumes for 2018, as shale producers boost oil output aggressively, taking advantage of recovering oil prices. The Woodlands, Texas-based oil and gas producer said it expects to sell 245 million to 255 million barrels of o ...

US IRRs strengthen as WTI reaches year-to-date highs

November is upon us and temperatures across the US are beginning to fall as oil prices rise to year-to-date highs. Looking at the average 12-month forward curve for WTI, oil prices rose to $54.19/b in early November, an increase of $2.62/b month over month. The price increase has allowed internal ...

Oil Close Leaves Longs Nervous

Oil has settled at the bottom of its two-day range in Asia leaving bullish positioning nervous into the weekend. Oil slipped into wait and see mode overnight as a lack of drivers turned chatter more and more towards OPEC and Non-OPEC’s summit on the 30th November. Brent gave up its meagre gains o ...

DUG Eagle Ford: The Right Plays, Right Time For Deals

SAN ANTONIO—Since the rise of the Eagle Ford Shale and its A&D peak in 2013 and 2014, the play has matured—E&Ps hold large acreage positions, core areas have been defined and the pace of transactions may have lost a step. While the Permian has been thedesired basin for buyers lately, the more es ...