Category Archives: Bakken

Oil Trims Biggest Monthly Decline Since May After Storm at Bloomberg . Will The Crude Production Boom Keep Running? RBN Energy Regarding Sandy, “Bakken fell $6.50 to a $10-a-barrel-discount against WTI at 3:12 p.m. New York time, its…

Daily Energy Price Outlook at Curve Ahead . The super-majors can’t really increase production, they just increase production on a per share basis with continual share buybacks. Chevron warned. Costs balloon on Norway projects ( Upstream…

Oil Declines From High as Crude Stocks Seen Rising at Bloomberg . Continental’s five year plan announced yesterday was in conjunction with the company’s Investor Day . A summery at Million Dollar Way . Report: Shale gas boom could echo…

Stock futures are higher this morning, while Oil Declines From One-Week High as China Manufacturing Weakens at Bloomberg . The oil price hinges on economic growth: Saudi Gazette . Maugheri vs The Oil Drum: Cornucopians vs The Peak Oil…

Futures are down this morning: Bloomberg . “The world faces “major questions” over adequacy of oil supplies…North Sea Brent crude production has halved over the past decade…on track to drop to half of that level by 2020″ at CME Group . A…

Oil Falls to Six-Week Low on China Slowdown, Supply Surge at Bloomberg . Oil Looks Ready To Collapse on the chart by Armo Trader . Oil Looks Ready to Part Ways With Stock Market at WSJ . Iran’s oil minister says crude exports rebounding at…

Last month in Rails Crossing (subs only) ISA looked at the rails with respect to our ongoing coal investigation. Turns out the rails may be solid and conservative investments as derivatives of the U.S. shale oil boom. The strength of the…

Oil Trades Near Three-Week High on Mideast Protests, Fed Meeting at Bloomberg . North Dakata Bakken boom continues: Mark Perry . Pad drilling and rig mobility lead to more efficient drilling at the EIA . EOG Says U.S. Fracking Rule to Cost…

Oil Trades Near One-Week High on Outlook for Economic Stimulus at Bloomberg . Oil Supplies Appear Tighter in Crisis Mirror at WSJ . The Repricing of Oil by Gregor . My view of some nuances differ, yet he’s as good an oil analyst as any…

Oil production and inventory levels are flush. New production demands high prices while emerging market demand growth has met declining OECD demand. The shale revolution continues as mother nature and refinery fires have energy prices…

Oil Gains on U.S. Stockpile Drop, Stimulus Speculation at Bloomberg . Yet, “Sanctions against Iranian oil are taking hold just as the world is finding itself oversupplied” in Does the World Need Iran’s Oil? Apparently Not at Business Week…

Oil Rises as European Leaders Prep for Debt Talks at Bloomberg . The last headline I expected to see upon returning from holiday : U.S., U.K. to Call for Strategic Petroleum Reserve Release? Iacono Research . Dennis Gartman: Tapping SPR…

Oil Declines in New York Amid Signs of Higher U.S. Supply at Bloomberg . June oil production in North Dakota was higher by 20k b/d over May and 71% higher year over year (June 2011 was weather depressed) ( Mark Perry ). When the revised…

Oil Drops From Two-Month High in New York as U.S. Demand Eases at Bloomberg . I do not know the source, but “Active rigs in North Dakota: 198. Down from the boom’s high of 218.” at Million Dollar Way . Despite the US shale boom, why is…

Oil Near Two-Week High on U.S. Supplies; Brent Rises Above $110 at Bloomberg . “But Helms emphasized that oil production in the Bakken is consistently increasing by 15,000 to 20,000 b/d every month, and that thousands of additional wells…

Oil Drops After Biggest Gain in 5 Weeks as Storm Slows at Bloomberg . Mark Papa oil market commentary: “Regarding oil, we still think the global supply-demand balance is tight, and we expect prices to strengthen throughout the remainder of…

Oil Trades Near Two-Week Low on Manufacturing Slowdown at Bloomberg . OPEC oil output drops as sanctions hit Iran at Globe and Mail . “Majority of Executives See Energy Independence Achievable Within 15 Years” and “Many see another oil…

Oil Trades Near Week High on Stimulus Outlook, Mideast Unrest at Bloomberg . U.S. crude oil production (ex-Alaska) reaches a 23-year high in June : AEI . The industrial side of the shale boom: Reuters . “Continental Resources Inc.’s daily…

Yesterday I asserted shale is being underestimated in the press and public, and I received push-back from knowledgeable investors. The world has changed fast. Perhaps the estimates quoted and linked were aggressive. But not by much. “The…

Despite yesterday’s EIA oil report showing an increase in inventory, the price reversed higher. Bloomberg New oil sands development requires a very high oil price: Financial Post . “A new study says North Dakota’s oil production could jump…

Holy crap! Nexon agrees to $15.1B takeover by Cnooc . Marketwatch The Chinese are coming! The American Shale Conundrum Facing China’s Energy Champions at WSJ (google the title to read the whole article). Oil Plunges to Four-Day Low as…

Oil Rises for a Seventh Day on U.S. Gasoline Stockpiles at Bloomberg . The WTI:Bakken differential has collapsed: Bloomberg . Risk to the Brent:WTI spread? Financial Post North America Average Annual Crude Oil Production 1980 – 2012 at…

Yesterday saw a large swath of the oilers gain strength as the day progressed. The larger the trading volume in the name, the stronger the stock. Oil Drops From Seven-Week High on Outlook for Economy at Bloomberg . As China imports have…

Crude Trades Near Seven-Week High on Iran Tensions, Stimulus Speculation at Bloomberg . Fragile, but Comfortable, Oil Market Expected at Oil Price . Chinese crude imports at nine-month low at CGES . What happens to price if and when…

Oil Rebounds as Norway Strike Looms at Bloomberg . Statoil Prepares to Shut Down Production As Strike Continues at the WSJ . “Problem is, the rebound last year was fuelled at least in part by an average deficit of 800,000 barrels a day for…

Crude Oil Declines on Concern Economy Failing to Recover at Bloomberg . “The United States imported about 45% of the petroleum (crude oil and petroleum products) that we consumed during 2011. Just over half of these imports came from the…

Below is the Q1 2012 production, full year 2012 production guidance, market cap as of yesterday’s close, and acreage of five favorite Bakken players: CLR 85.5 boed 91.8 $11.3b 915k+ WLL 80.7 boed 80.9 $4.5b 701k OAS 17.6 boed 18-22k $2.1b…

Yesterday a report by Leonardo Maugeri created big buzz in the oil and gas community. The Oil and Gas Journal actually used the ridiculous 17 million number in a headline. The executive summery forgets about price . The WSJ and economist…

Energy investors have one final straw to possibly grasp: Brent oil spent the previous fourteen months over $100; the 200 day moving average is $112. Brent now having a $91 handle wouldn’t feel so good. Perhaps the Saudi’s will cut…

The central bankers seem to be in charge. Oil Gains a Second Day on Stimulus Speculation, OPEC Output Call at Bloomberg . Oil and price incentives: Econbrowser . A conservative take on the Bakken: NDDMR . Apache goes big on horizontal…

Expect the Bakken boys to report stellar Q2 numbers: “April…was the largest year-over-year increase in the state’s history at 73.5%…) via Mark Perry . Also, The Bakken Buck Starts Here – Bakken Crude Pricing – Part II at RBN Energy . Lower…

Futures are higher this morning, one take: Reformed Broker . Raymond James Energy Stat of the Week pertains to thermal coal: Raymond James . Coal export perspective from the EIA . Oil Gains Most in Five Months on Spain Bailout, China at…

The Bakken Buck Stops Here-Bakken Crude Pricing-Part 1: RBN Energy Enbridge faces Bakken complaints: Globe and Mail Multi decade oil inflation-adjusted at Chart of the Day . Saudi Arabia Achieving $100 Oil Signals Output Reversal at…

Eagle Ford human interest article: Fuel Fix As production ramps higher in a new play, operators get behind before a maintenance level of backlog inventory is found. The Eagle Ford backlog at Eagle Ford Shale . Crude oil and refined product…

Shale of the Century at the Economist . Price matters, as natural gas displaces coal at the EIA . Capital Destruction in Natural Gas by Testosterone Pit . The IEA put out a natural gas report: Global Natural Gas Demand to Rise Sharply at…

This video discusses the shifting US energy profile and moving the glut of oil from the interior out to the coast. Sounds like Seaway has two large capacity increased coming relatively soon. Global Macro Monitor US net oil imports are…

Morgan Stanley’s Complete Outlook For The 14 Most Important Commodities In The World: Business Insider Bakken primer: Oppidan Usually industry is the punching bag of the politicians. Yesterday the API called the EPA out of touch with…

With the new oil price deck from last decade, the response from demand and supply has been astonishing. The top chart show the anemic US petroleum products consumption. The chart at the bottom show the supply result, and the bottom chart…

OPEC spare capacity in the first quarter of 2012 at lowest level since 2008: EIA OPEC’s view of the world: Oil Price . OPEC’s Monthly Oil Market Report: OPEC Gregor: OPEC has lost the power to lower the price of oil. Chris Martenson The…

Below is the Q1 2012 production, current market cap and acreage of five favorite Bakken players: CLR 85.5 boed $13.7b 915k+ WLL 80.7 boed $5.4b 701k OAS 17.6 boed $2.4b 307k KOG 10.6 boed $2.2b 157k NOG 8.5 boed $1.1b 170k Sustainable oil…

Natural Gas Vehicles: Raymond James Energy Stat of the Week Missing from the Export Land Model is the new booming US oil production growth. Saudi Arabia and solar power? Peak Oil Economist Mark J. Perry posts on oil: 1) Peak What? 2) Green…

Kuwait minister says oil fair price at $100. Peak Oil Oil a ‘Little Bit High,’ Saudi Arabia’s Al-Naimi Says Peak Oil O&G Journal suggesting Bakken peak rates in the 1.5 to 2 million b/d range with a well saturation discount. Million Dollar…

Last decade investors were concerned about the industry’s ability to produce oil and gas. Natural gas conventionally produced was on a treadmill running too fast and producers could not keep up, forcing the price ever higher. Natural gas…

Is the commodity supercycle ending? Diapason via Pragmatic Capitalism Answer: How fast will they spend and print? A look at the fiscal cliff with Sober Look . The Bakken players were hurt by differentials in Q1. Williston Basin production…

Hyper-growth continues as Q1 results were reported and the confernce call was held. Also, they are terming out their debt . To begin, the investor must know the company is a shit show. Management are kids who are looting the company. They…

Continental reported Q1 results last night and held their conference call this morning. Some highlights: Growth is robust on the back of the Bakken. Drilling efficiency continues to improve meaningfully as they move up the learning curve…