Each week, we strive to provide you a bare bones summary of what happened to the price of WTI, Natural Gas, and Brent Crude. In addition, we summarize the major reports...
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What was interesting this week was the market’s overall non-reaction to some news but overreaction (in my opinion) to other news. WTI opened at $46.12 and closed at $45.24 on Monday....
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This week is highly significant as we saw a substantial amount of publicly traded oilfield service companies release Second Quarter earnings. More important than how much money any company made or...
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Despite some indications that, as the CEO of Halliburton said, North America is turning, we do see some continuing indications that companies are moving more production offline. (to see what the...
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One question everyone is asking is “So, how high does the price of oil have to be before we see recovery?” Well, I don’t know. If I knew that, I would...
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Each week, we strive to provide you a bare bones summary of what happened to the price of WTI, Natural Gas, and Brent Crude. In addition, we summarize the major reports...
Continue reading
On Oil Prices            This week marks yet another wild ride as prices fluctuated dramatically. Concerns on the demand side, and the possibility of a U.S. recession and a global slow down,...
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            As of January 2016, an estimated $380 billion of projects in our industry have been cancelled since 2014, according to analysts at Wood MacKenize. An estimated 68 projects were scraped...
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            This week we had three good reports on the long-term outlook for oil prices. EIA Issues New Market Outlook On Tuesday, the EIA issued its Monthly report. Important notes include...
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            For a long time, many people have discussed and debated the issue of oilfield part standardization as a method of overall cost reduction for drilling. So much, in fact, that...
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