There have been media reports recently that have discussed the disposition of crude oil that is being released from the Strategic Petroleum Reserve (SPR). You may recall that the Biden Administration ordered emergency sales...more
7/14/2022
/ Biden Administration ,
Crude Oil ,
Energy Information Association (EIA) ,
Energy Market ,
Exports ,
Global Market ,
Imports ,
Oil & Gas ,
Oil Prices ,
Oil Reserves ,
Refineries
I had the pleasure of moderating one of the panels at the World Oilman’s Minerals and Royalty Conference (MARC) held in Houston. The title of our session was “Managing Risk”, which of course is an extremely broad topic. We...more
If you’re like me, you probably feel that the volatility of oil prices has been very high in the past couple of years. After all, oil prices were well above $100/bbl recently and had a negative price scarcely two years ago....more
Over the last several months (and right up to today) some of the headlines published in various media outlets have addressed the slower-than-expected response of operators to increase drilling activity as oil prices have...more
At the 2021 NAPE Summit, decision-makers, prospect generators, financiers, E&P operators, and service providers will finally return in person in Houston at the George R. Brown Center on August 18-20 (virtually from August...more
8/16/2021
/ Acquisitions ,
Carbon Capture and Sequestration ,
Coronavirus/COVID-19 ,
Energy Information Association (EIA) ,
Energy Sector ,
Environmental Social & Governance (ESG) ,
Exploration and Production Assets ,
Gas Prices ,
Industry Consolidation ,
Mergers ,
Natural Gas ,
Oil & Gas ,
Oil Prices ,
Remote Working ,
Renewable Energy ,
State and Local Government
Looking ahead, here are a few themes I think will play a role in 2021, which are a continuation or evolution of where we’ve been in 2020....more
2020 was a tumultuous year for the oil and gas industry, but there’s still reason for optimism.
Originally published in The Weekly E&P Update Newsletter, December 22, 2020. ...more
12/24/2020
/ Coronavirus/COVID-19 ,
Debt Restructuring ,
Energy Sector ,
Environmental Social & Governance (ESG) ,
Exporters ,
Exports ,
Industry Consolidation ,
Oil & Gas ,
Oil Prices ,
OPEC ,
Supply and Demand
Haynes and Boone recently released its fall Borrowing Base Redeterminations Survey. Since 2015, the firm has conducted the survey twice annually to ask executives at banks, producing companies, private equity sponsors,...more
With dramatic improvements seen in employee productivity over the years, is upstream oil and gas consolidation needed? ...more
Is A&D activity picking up in the upstream oil and gas sector and, if so, is now the right time to find attractive deals? ...more
The recent dramatic decline in oil prices was precipitated by an unprecedented drop in demand due to the COVID-19 pandemic played out against a backdrop of an already slightly oversupplied oil market. Oil prices have...more
Over the last couple of weeks oil prices have improved significantly from the historic lows of April and WTI futures prices are approximately $40/bbl for the rest of 2020. For the now, the supply/demand balance is improving -...more
Find how the coronavirus (covid-19) pandemic will likely spell out a new era
for the oil and gas industry.
...more
In the wake of an unprecedented sell-off in the crude oil market, the only response to balancing global markets is to reduce supply.
How many times can you say "unprecedented?" The COVID-19 pandemic has resulted in a...more
Find out why the global oil price war, triggered by Saudi Arabia and Russia's refusal to curb production to stabilize prices during the coronavirus (COVID-19) outbreak, reinforces the need for structural change....more
3/13/2020
/ Coronavirus/COVID-19 ,
Energy Market ,
Energy Sector ,
Exploration and Production Assets ,
Global Economy ,
Global Market ,
Oil & Gas ,
Oil Prices ,
Russia ,
Saudi Arabia ,
Strategic Planning
Find out why low natural gas prices are likely to persist through 2020.
We are through what is typically the coldest part of winter, yet find ourselves with Henry Hub natural gas prices below $1.90/MMBtu. What's going...more
What are the top upstream oil and gas trends to look out for in 2020?
Although recent events in the Middle East are still volatile, it seems the oil price rally is over for now. Prices are more or less back to where they...more
Steve Hendrickson, President of Ralph E. Davis Associates, was recently featured in a radio broadcast on Marfa Public Radio offering commentary on Apache Corp.'s announcement that it intends to put a hold on natural gas...more