Heres a good chart from an occassional commenter on OSC named Ovi. His work is spot on. Midland County was the largest producing county in the Permian HZ play for 6 years or so, until Lea County in New Mexico took the No. 1 position. Midland County was Pioneer's 'hood. You know, Saudi Amerca. I

Why was Oil up yesterday? Well, according to all media sources, it was hurricane Francine - a “Cat nothing” tropical storm with a bad name. Fast forward to today, and low and behold, Oil was up big again but this time no hurricane to blame it on. Perhaps since it’s been under attack for 4 months

These are Artic Char and the are breathtakingly beautiful this time of year in northern Labrador as they head up stream to spawn. They get big, bright orange in their bellies, and will take a dry fly. A 15 pounder on a 6 weight is momentous occassion. Life is a series of trade offs and so it is

A two year payout is a really dumb metric to determine breakeven, or remaining drillable locations in an oil play like the HZ Permian play. I never heard of "breakeven" in 60 years of being an oil and gas producer; the goal is to make money, not break even. To me (as someone who has to spend it

I do (try to do) long term forecasts for clients and my own investments, meaning more than one month out; my usual timeline is 2 to 10 years. The main goal isn't to hit one bullseye target, it's to come up with a range of prices and volumes that have high odds of including the actual number.

Theoretically, to cut gasoline prices from $3.65 per gallon to $1.82 we're going to have to cut the price of worldwide oil by half, from $72 to $36 per barrel. If demand for crude oil stays constant, and it likely will, the only way to cut the price of oil, and your gasoline, is to flood the m

Oil does what it’s told. Current beating not related to a “reason” imho but rather massive selling of paper oil by BOE and other criminals. Manipulation of prices by selling paper commodities works for a season but we are laying the groundwork for energy crisis that will be long remembered. Strategi

Reposting Sarah Stogner's comments in case you don't follow her on LinkedIn: Save the date - public comment for Oxy's application to the EPA to operate three Class VI carbon capture underground sequestration wells in Ector County will be at the MCM Elegante on October 3, 2024 from 11 am - 2 pm, and

Of the 631 rigs running in the U.S. the week of August 26th, only 17 of those rigs were vertical rigs drilling conventional oil and natural gas prospects, the rest were HZ rigs working shale basins. Conventional oil peaked in 1970 at 9.85 MM BOPD and in 2024 still represents 33% of total US

Apache's CEO made the point pretty directly. "If the Permian starts to flatten, US production growth will moderate in coming years, putting a lot of power in OPECs hands," Ben Rodgers, APA Corp.'s senior vice president of finance, said during EnerCom's Energy Investment Conference in Denver, Colo