EIA: E&Ps Grow Proved Reserves; Cut Spending

Velda Addison, Hart Energy

A group of 83 E&P companies collectively added 8.2 billion barrels of oil equivalent to their proved reserves in 2017, according to a report released this week.

China’s Threat To US Crude, Coal Exports Is A Tactical Masterstroke

Clyde Russell, Reuters

What this is likely to mean is that China will find it easier to replace U.S. crude imports than U.S. producers will to get new customers.

Sharing Is Caring: Equinor Releases Volve Field Data

Velda Addison, Hart Energy

Allowing students to train on real datasets and supporting innovation were among the company’s reasons for the data release.

Oil Market’s Shock Absorbers Becoming Dangerously Depleted

John Kemp, Reuters

Commercial inventories and OPEC spare capacity have become dangerously eroded over the last 12 months, leaving the oil market much more vulnerable in 2019.

Meeting Production Expectations

Brian Walzel, Hart Energy

Study shows improvements might be needed in appraisal programs.

Saudis Signal Satisfaction With Current Crude Oil Prices, Volumes

Clyde Russell, Reuters

By meeting market expectations on pricing, the Saudis seem to indicate they are satisfied with the current state of the market, their level of exports and the price they are receiving.

Texas Sees Rise In Oil, Gas Jobs

Velda Addison, Hart Energy

The Permian continues to lead job growth, but there is a growing need for more skilled workers in several areas.

Over-extended Oil Prices Were Primed For A Fall

Pay attention to what traders actually do, not what they say.

The Return To The Skeleton Coast

Jennifer Presley, Hart Energy

An independent inks a drillship contract as part of its exploratory campaign offshore Namibia’s storied coast.

Rising Oil Prices Boost US Economy

John Kemp, Reuters

Rising prices are transferring income from net consuming states to net producing states.

Analyst Gives Insight On Exploration Trends To Watch In 2018

Velda Addison, Hart Energy

Some conventional exploration wells on the list have already come up dry or have been delayed.

Oil, Gas Industry Works Toward Better Environment

The industry is improving its environmental performance each year through better practices and technologies.