So – What Does the Price of Oil Have to Be to Turn This Around?

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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The Week In Numbers for the Week Ending 7-15-2016

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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Ty’s Take On Oil Prices & Standardization

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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Weatherford Sees Potential Growth in Offshore

            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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More Good News On Long-term Outlook for Oil Prices!

            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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Oil Field Standardization? A Pipe Dream or Reality?

            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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Ty’s Take

            This week is primarily about the demand side of the equation, coupled with some production concerns. Brexit continues to weigh on investors’ minds as concerns over a global economic slow...
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By the Numbers

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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Exxon and Chevron Expand

Recent Investment May Indicate Oil Company Confidence in REcovery             On July 5, 2016, Exxon and Chevron, along with their other partners, announced plans to expand the Tengiz oil field in...
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Prices Stabilized

Executives and Key Officials Agree Oil Prices Have Stabilized.             A recent wave of comments by oilfield services executives and high ranking officials seem to point to stabilization and a beginning...
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