Is The Bakken oil play dead in this low price environment?
Continental Resources (CLR:NYSE) and EOG Resources (EOG:NYSE) were two of The Bakken pioneers. These companies were early movers in the play and amassed big, core land positions--and today have significant production.
The Bakken is what initially put these companies on...
The volatility in oil over the last two weeks has been gut wrenching.
But an OPEC deal to limit oil production was reached. The Saudis and the Iranians have always been the stumbling block for such a deal.
Why did the Saudis cave now? I would give two reasons:
Last month they...
Apache’s new High Alpine discovery on the SW edges of the Permian Basin is one of the three most important inflection points in the North American energy market in the last decade.
(The other two are the rise of the oily Bakken play in North Dakota and the gassy Marcellus...
INTERVIEW WITH PAINTED PONY (PPY-TSX; PDPYF-PINK)
CEO PAT WARD
Shares of natural gas producer Painted Pony have gone from $3-$9 this year--despite Canadian natgas prices trading as low as 65 cents/mcf this year! They are one of the lowest cost producers, and I think will show the largest percentage increase in...
Look at this chart! This kind of visual makes an oil and gas CEO proud when addressing his Board of Directors or shareholders.
Source: Southwestern Energy Corporate Presentation
But despite this beautiful production growth chart--this company has COST investors BUCKETS of money over the past two years.
I’ll explain to you what happened--and how you as an investor...
Were you bullish on oil a year ago--and are now shocked that oil is barely $50/barrel?
You aren’t the only one.
This wasn’t supposed to have been possible.
An oil price crash…ok.
To crash and stay this low for two years….no way.
After reading the just released July 2016 EIA Short Term Energy Outlook...
The hottest oil play in the western world is the Delaware sub-basin of the Permian in SW Texas. Producers are seeing huge increases in flow rates as they figure out proper fracking techniques. Rates are doubling from 1500-3,000 boepd! And payout times for wells are now as low as...
It’s clear from comments on Q2 conference calls in the last week that North American producers ARE getting more efficient—lowering costs—in producing tight oil, or shale oil. And they don’t think they’ve hit their limits yet.
The high tech reason for these improvements? Simple sand. It is stunning to me...
