Energy

Monday, 11/09/2015

Did you miss our School of Energy a few weeks back in Houston? Not a problem! The entire School of Energy conference is now available online in streaming video format. The conference video, presentation slides and spreadsheet models are available for purchase as individual Modules or as a full conference package. It’s the next best thing to being there!  School of Energy is unlike other natural gas, NGL or crude oil conferences.  It combines all three!  And the curriculum includes a comprehensive analysis of current energy markets and in-depth instruction on how to use RBN spreadsheet models covering everything from production economics to gas processing.  We walk through key developments for each of the three hydrocarbons including the increasingly important links between them.  Fair warning – today’s blog is a blatant advertorial. 

Tuesday, 10/13/2015

In a $38 Billion transaction announced September 28, 2015, Energy Transfer Equity (ETE) agreed to gobble up The Williams Companies in a deal expected to close during the first half of 2016. The combination of these two companies creates a U.S. midstream giant that will own infrastructure including gas pipelines carrying as much as 45% of U.S. Lower 48 dry gas production, processing capacity producing16% of domestic natural gas liquids (NGL’s) and crude oil pipelines in the Permian, Eagle Ford and Bakken. Today we take a look at the liquids infrastructure assets in this giant deal and provide a download of RBN’s maps of the infrastructure involved.

Wednesday, 10/07/2015

For nearly two months -- Since late July -- WTI crude oil prices have averaged $45/bbl, never once closing above the $50/bbl mark.  Over the same period, the natural gas price at Henry Hub has averaged $2.70/MMbtu and now languishes $.20/MMbtu lower.  Is this a time to be wallowing in misery and self-pity?  Absolutely not!!  This is the time for midstreamers and producers to reposition their businesses with a laser-like focus on the opportunities that low prices have served up.  There are bargains out there in the oil (and gas) patch.  If producers are in the right locations, with drilling costs much lower than last year, there is good money to be made.  And likewise, opportunities abound for midstreamers to pick up assets at very attractive prices to get that production to market.  But to execute such a strategy, you must have a rock-solid understanding of what is really going on in today’s markets for crude oil, NGLs and natural gas.  Our goal for the upcoming State of the Energy Markets Conference scheduled for October 28, 2015 in Denver, CO is just exactly that - to give you a rock-solid market knowledge based on hard data and thorough analysis.  Today’s blog is an advertorial for the conference.

Sunday, 09/20/2015

Another round of big changes are coming to the markets for natural gas, natural gas liquids (NGLs) and crude oil. The surging production growth that has characterized these markets has slowed and in some basins is starting to fall as the mass exodus of drilling rigs begins to take its toll on shale production.  But what about all that infrastructure that has been and continues to be built?  Billions of dollars are going into pipelines, processing plants, petrochemical plants, terminals, storage, etc. based on a much higher production growth scenario than now seems likely.  Where are the opportunities in this new energy market reality? The answer depends on a discernable pattern of events tied to production volumes, infrastructure capacity, commodity flows and project expenditures. Those are the themes of our latest State of the Energy Markets Conference scheduled for October 28, 2015 in Denver, CO as well as the subject of today’s blog – also an advertorial for the conference.

Tuesday, 08/25/2015

There are only three more days to take advantage of the Early Bird Rate for RBN’s next School of Energy, and there are three more reasons to attend!  We have finalized the agenda for the first day we are calling Pre-School International Energy Day, with three additional experts joining us to discuss international destination markets for U.S. crude oil, gas, and NGLs, including the regulatory issues involved and the latest developments concerning Federal approval of full-blown crude oil exports.  The full three day School of Energy is scheduled for September 28, 29 and 30.  As we’ve said many times before, this is nothing like other conferences! The course work is hands-on. In each module we’ll drill down on an important aspect of the market, explain how it works, download a spreadsheet model and learn how to use it.   Be forewarned - today’s blog is a commercial for our upcoming Houston conference.

Wednesday, 08/05/2015

It’s that time again!   Vacation is behind us and it’s time to gather the school supplies and get ready for class.  Of course, we are not talking about high school or college.  If you want to know about energy markets, the campus is the Houstonian in Houston and the class is RBN’s School of Energy, scheduled for September 28, 29 and 30.  This is nothing like other natural gas, crude oil or NGL conferences! The course work is hands-on. In each module we’ll drill down on an important aspect of the market, explain how it works, download a spreadsheet model and learn how to use it. You walk out the door with the how-to Powerpoints and the Excel models on your hard drive.  Warning today’s blog is a blatant commercial for our upcoming Houston conference.    But we hope you will read on, because we have a very special addition this time – a full day dedicated to the export markets. 

Thursday, 07/02/2015

Big changes are coming to the markets for natural gas, NGLs and crude oil. Even though production volumes are holding their own – despite 60% fewer rigs running, the days of month-after-month record increases in production are behind us, at least for a while.  But what about all that infrastructure that has been and continues to be built?  Billions of dollars are going into pipelines, processing plants, petrochemical plants, terminals, storage, etc. based on a much higher production growth scenario than now looks likely.  So what happens next?  That issue is the theme of a new RBN conference scheduled for July 23rd in New York City called State of the Energy Markets, and is the subject of today’s blog – also an advertorial for the conference.

Sunday, 06/07/2015

Expectations for continuing rampant production growth for natural gas, natural gas liquids (NGLs) and crude oil have evaporated in the heat of the price melt-down. Volumes may be holding their own, even with 60% less rigs running, but the days of month-after-month record increases in production are behind us, at least for a while. But what about all that infrastructure that has been and continues to be built? Billions of dollars are going into pipelines, processing plants, petrochemical plants, terminals, storage, etc. based on a much higher production growth scenario than now looks likely. So what happens next? That issue is the theme of a new RBN conference scheduled for July 23rd in New York City called State of the Energy Markets, and is the subject of today’s blog – also an advertorial for the conference.

Sunday, 05/31/2015

Did you miss our School of Energy this past March in Calgary?   Not a problem!  We videoed the whole conference and today we are making School of Energy available online, in streaming video format.  The conference video, presentation slides and spreadsheet models are available in segments, or as a full conference package.

Thursday, 05/28/2015

In just a few months’ time, it’s become easier to get regulatory approval to use unmanned aerial systems—more commonly known as drones—and the number of ways drones can be employed by the oil and gas sector has grown substantially. In fact, drones are getting involved in just about everything: geologic mapping, site surveying, methane detection, pipeline inspection—you name it. Today, we explore how drone use in the energy sector is quickly morphing from geeky to mainstream.

Sunday, 01/04/2015

Welcome to 2015!  No, the last few months of 2014 were not a dream – or nightmare, depending on your perspective.  Crude oil prices really did come crashing to earth, sucking down NGL prices in the process.  And natural gas prices followed, falling to $3/MMbtu last week.  Price relationships are out the window, as are drilling budgets.  Over the next few months, these markets will be going through some of the most dynamic changes in years, with unpredictable consequences.  Unpredictable?  Nah.  No mere market turmoil will dissuade RBN from sticking our collective necks out a third year in a row to peer once more into the crystal ball.   Today we wrap up RBNs Top Ten Energy Prognostications for 2015 – Year of the Goat – #5 to #1.

Thursday, 01/01/2015

Time to sober up.  Not from excessive New Year’s Eve reveling, but instead from the past five years of euphoria in the shale oil and gas markets. In the past two months crude oil prices have come crashing to earth, sucking down NGL prices in the process.  And lately even natural gas has succumbed to the malaise, falling below $3/MMbtu this week.  Price relationships are out the window, as are drilling budgets.  Over the next few months, these markets will be going through some of the most dynamic changes in years, with unpredictable consequences.  Unpredictable?  Nah.  No mere market turmoil can dissuade RBN from sticking out our collective necks to peer into the crystal ball for a third year in a row  for 2015 – Year of the Goat.  Really.  We did not make that up.

Sunday, 03/30/2014

We just wrapped up our Spring School of Energy, and it was another huge success. RBN’s School of Energy is unlike other crude oil, natural gas or natural gas liquids (NGLs) conferences. Our two-day core curriculum includes an introduction to energy market fundamentals as well as a comprehensive analysis of current markets. We walk through key developments for each of the three hydrocarbons including the increasingly important links between them.  A set of spreadsheet models supplements the presentation materials. Today’s blog – fair warning this is an advertorial - introduces our latest online offering.

Wednesday, 02/19/2014

There is a common theme of surplus in US energy markets today with more natural gas, natural gas liquids (NGLs) and light sweet crude oil being produced than can be processed and consumed domestically. The likely destination of those surpluses is export markets – either directly or in the form of derivative products.  How should we think about these exports in the context of “energy independence”?   U.S. energy policy since the 1970s has been centered on the importance to national security of reducing dependence on foreign resources—the oft-touted, elusive goal of “energy independence.”  Today we examine whether a btu energy balance is a practical and effective measure of energy independence.

Thursday, 02/13/2014

One goal of the RBN blogosphere is to provide clarity to a highly intricate, interwoven energy complex.  Today we are going to tackle an aspect of energy markets that has vexed us for some time.  We’re going to explore some of the big numbers that are used to measure energy markets, what they mean to the oil patch (Cowtown, a.k.a., Fort Worth here in Texas is a good example of that) and to each of us as energy users.  So put on your thinking cap and tell your colleagues to leave you alone for five minutes.  We’re going to expand our minds.