WTI has fallen steadily since the beginning of October, and after a slight rebound on Nov. 27 was trading at about $51.53/bbl.
In this scenario, an Opportune expert sees a long-term price drop into the $20s.
Brent fell $4.18/bbl last week to average $62.84/bbl. WTI fell $3.15/bbl to average $53.81/bbl.
An alliance of natural gas companies representing 10% of U.S. production and 32% of midstream transmission lines surpassed its goal of capturing methane emissions.
Global scientists and the U.N. have spoken. Governments must follow, but their policies are lagging.
Heating demand is likely to be a strong positive for not only last week's data to be reported tomorrow, but also the data through the end of this week which will be reported on Nov. 29.
Stratas Advisors lists its countdown of the top energy development so far this year.
Today’s Forty Under 40 honoree is Jeremy Ham, CEO of EnCap Flatrock-backed Greenfield Midstream which is currently focused in the Denver-Julesburg Basin.
Speakers at DUG Midcontinent discuss ways to recruit new workers and new processes to make the workforce more effective.
Stratas Advisors expect Brent oil prices to average $66 a barrel this week, partly benefiting from a slow trading week in the U.S. due to the Thanksgiving holiday.
Gaylon Gray, who formed Stakeholder Midstream alongside his TexStar Midstream Services colleague Rob Liddell in 2015, is today’s Forty Under 40 honoree.
Despite a lingering natural gas takeaway problem for Permian Basin producers, analysts note an opportunity exists for midstream operators as pipeline FIDs to date ‘merely maintain status quo.’