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... was abundant in midyear earnings calls on expectations that demand will eventually soar, driven largely by a ... began this four-part series, we asked, “How much longer can shale support U.S. oil and gas production?” In Say ... replacement performance. The reserve replacement rate for the oil-focused group soared from 24% in 2020 to 357% in ...
Tom Biracree - Published September 28, 2023
Paige Hambric Buy Individual Report Full Report Download for Subscribers The ongoing consolidation in the upstream ... of M&A activity in the midstream space as the companies that gather, process, transport, store and export ... one. Key takeaways from the report include: Acquisitions can enable a broader range of services — and more ...
Paige Hambric - Published October 20, 2023
... Enterprise Products Partners was among a slew of companies that submitted applications for tax breaks from school districts on major projects by ... smaller and wind, solar and battery power storage projects can no longer participate. Two applications posted by the ...
... of nearly half a million barrels a day! But as huge as that top-line number is, and as many headlines as it’s sure ... the factors leading up to this point and what it means for crude markets in the U.S. and abroad. We’ll start by ... high natural gas prices ( like in Europe, for example ) can make desulfurization uneconomic. Put another way, the ...
David Braziel - Published August 17, 2022
... become an integral part of the global market — Japan, for example, depends on Canada for one-ninth of its LPG. Now, the companies that co-own the larger of BC’s two LPG export terminals are ... railed in from the same production areas. (By the way, you can track propane exports from these two terminals in our NGL ...
Martin King - Published June 7, 2023
... shock. In the space of only six or seven weeks, demand for the refined product plummeted by more than 70% as ... has been rebounding to near pre-pandemic levels. That re-emphasizes a nagging challenge, though, namely ... and Disposition by PADD, February 2022. Source: EIA As you can see, each PADD has a unique supply/demand situation: PADD ...
Housley Carr - Published May 11, 2022
... (SPR), and everyone is at least a little bit right. For example, many assert the SPR provides a helpful crude oil ... Mexico or a war in the Middle East. Others say the market can take care of itself — the SPR just muddies the waters ... the SPR was established almost a half-century ago and that the strategy behind the reserve should be revised in ...
Housley Carr - Published December 20, 2023
... prolific Montney formation, a vast unconventional resource that straddles the Alberta/British Columbia border. With ... a slow-motion roller coaster (stacked bars in Figure 1). For most of the 1990s, production in the three provinces ... have been easing in the past 12 to 18 months (see I Can’t Help Myself and Better Late Than Never ) as ...
Martin King - Published February 16, 2022
... (and bastardize) one of the most memorable quotes from that epic collection of movies, “May the Force be with ... “Force” that shapes events in the Star Wars universe, for the U.S. oil patch, exports are the lifeblood of ... crude, and there are limits to how much of the stuff can be processed at the complex refineries that populate the ...
Housley Carr - Published May 2, 2023
... obligation to blend renewables like ethanol into gasoline for the 2018 compliance year. At the core of this dispute are ... or RINs. One premise says the RINs system adds cost that hurts refiners’ profitability, while the other says refiners’ profitability is not affected. Can two seemingly contradictory premises be true? In ...
George Hoekstra - Published June 7, 2022
... “Wait ... three out of five barrels are exported? How can that be?” This is how we came up with that: In 2022, the ... MMb/d of crude oil the U.S. imports or are made available for export due to 1.9 MMb/d of product imports. But even if ...
Housley Carr - Published June 15, 2023
... propane and WTI crude oil as a simple percentage. You can see that over the last five years (green line), propane’s value ... prices go from here? Looking at the forward curves for propane and WTI implies that the ratio will average ...
Todd Root - Published May 2, 2023
Richard Pratt 2022 was a particularly significant year for the global LNG industry, distinguished by a sharp ... levels and prompted market observers to suggest that, with China emerging from pandemic-related lockdowns, ... a specific buyer under a long-term agreement, LNG cargoes can be directed to the buyers willing to pay the most for ...
Richard Pratt - Published February 8, 2023
... world over. The hope of the U.S. and its allies has been that international pressure and mounting sanctions would ... look at how Russia’s twin challenges — finding buyers for its crude oil and its refined products — are more ... to boost the price of Russian oil and/or a signal that it can’t sell all the oil it’s currently producing. Refined ...
Jason Lindquist - Published February 28, 2023
... and will all the growing supply regions be able to access that demand? Or, are producers headed for another contraction before they’re barely out of the ... the Gulf Coast. The problem is that if not all of this gas can get to market, the resulting gas-on-gas competition could ...
Sheetal Nasta - Published October 12, 2017
... units are being used with less frequency, the Institute for Energy Economics and Financial Analysts (IEEFA) said in a ... the country to idle their coal plants, an indication that they were among their most expensive and least flexible ... of coal-to-gas fuel switching, check out our blogs Can't Stop Me Now and Talkin' Bout My Generation . coal ...
Jason Lindquist - Published April 3, 2023
Martin King The Keystone Pipeline that transports Canadian heavy and light crude oil from ... location. Although the impact on price differentials for Canada’s heavy oil benchmark of Western Canadian Select (WCS) at Hardisty versus WTI at Cushing can be affected by numerous factors, a line break of this ...
Martin King - Published April 10, 2025
... EV adoption has been slow to pick up speed in the U.S. for a variety of reasons, including the lack of a nationwide ... “range anxiety.” But a major factor has always been that gasoline-fueled cars have been cheaper to purchase and ... Comin’ , Comfortably Numb , Road to Nowhere , and the I Can’t Go For That (No Can Do) series. Those issues have ...
Jason Lindquist - Published May 12, 2022
Housley Carr It’s been a mantra in the energy industry for a few years now: more Canadian and Lower-48 crude oil ... Coast, with its bounty of refineries and export docks. And that’s been happening, thanks to a slew of new and expanded ... crude-by-rail facilities. For example, the NuStar terminal can receive and unload ~200 Mb/d from incoming trains, while ...
Housley Carr - Published June 15, 2021
... been holding steady at record levels of around 11 Bcf/d for nearly a month now, with the exception of a few days due ... spreads to global markets favorable for U.S. exports, that’s where it’s likely to stay, except for maintenance ... Golden Pass project for another day. (In the meantime, you can refer back to our blog Time Has Come Today for more on ...
Lindsay Schneider - Published April 12, 2021