RBN’s Daily Energy Blog and Insights sharpen your energy IQ through fundamentals-based analysis that makes sense of North America’s energy market dynamics.
Yesterday I attended and was a speaker at the Platts 6th Annual Rockies Oil & Gas conference at the Grand Hyatt Denver. There were about 350 registered attendees, by far the largest of these conferences. I’ve been a speaker at the event for the past four years. Good fri
Yesterday the folks at RBC Capital Markets issued an excellent research piece titled “Cross-Sector Implications of North America Energy Supply Chain Evolution.” It is a look at the shale revolution from the perspective of a supply chain – the linkages between interconnected businesses invol
Crude oil production in the Eagle Ford has ramped up from less than 50 Mb/d two years ago to almost 400 Mb/d today, and the growth shows no sign of slowing down. In most reports and statistics, all of this volume shows up as crude oil. But it’s not. Between 60%-70% of this
“Prices have dropped to the lowest level in years. Pipelines are overbooked, and supplies are backing up. There is just not enough capacity to get out of the supply area and into the market area. Pipeline capacity is at a premium. The last time prices got to this level, pr
It looks like OPEC has started to figure out that this shale thing might be a problem for them. The evidence? In the latest edition of OPECs bi-monthly bulletin, there is an article about the environmental risks of shale gas drilling in the north of England. OPEC? Environm
Yesterday Feb. natgas was up 10.3 cents at $3.096/MMBtu. Don’t get excited. This is just a minor blip due to weather and a little bit of crude sympathy. There is still a lot of gas out there.
Huge international companies are buying up all the hydrocarbon resources in North America. At least that's what it has looked like over the past few days. Total signed up with Chesapeake for a 25% interest in about 620M acres of Utica within a Cheapeake/EnerVest JV. Cost was $70
