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Why Are E&Ps Slow To Respond To Higher Oil Prices?

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

2/22/2022  /  EIA , Energy Sector , Oil & Gas , Oil Prices , OPEC

2020 Year In Review: 10 Trends That Reshaped The Oil & Gas Industry

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

Why US Base Oil & Gas Production Declines Are Higher Than You Might Think

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

Supply-Demand Balance Needed To Restore Oil Market

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

Coronavirus Creating Greater Upstream Oil & Gas Headwinds

Nearly two decades ago, the SARS epidemic began in China and spread to at least 20 other countries. Although it killed almost 800 globally, the economic impacts were felt mostly in China. This time, although the expanding...more

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