What U.S. oil shale producers can do well at $45 a barrel? Here’s the take from Goldman Sachs
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...You’ve heard of the low cost oil shale plays in the Permian Basin, right? Time to start watching the Niobara too
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...What today’s oil and energy recovery tells us about what the market is thinking about the timing of an oil bottom
Bad news from the weekly report on U.S. crude oil inventories today from the Energy Information Administration. But surprisingly oil and energy stocks rallied in the middle of the day with West Texas Intermediate bouncing back to $51.66 a barrel, down 2.4%, and energy stocks cutting their loss to 0.7% after being lower by 2% this morning.
No sign yet that anybody is pumping less oil due to lower prices
So far, oil producers in U.S. shale geologies are following the script: In the face of falling oil prices, they’re cutting back on drilling but increasing production. According to Baker Hughes (BHI), the U.S land-based rig count fell by 31 rigs to 1,578 in the week ended on October 10. But companies from Devon Energy to Continental Resources are forecasting 25% or higher increases in production for 2015
Five picks for energy–the once and future sector
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Download Jim’s eBook for Free
