Inventory

As Weekly Petroleum Demand Climbs, Inventories Fall ‘Sharply’

As Weekly Petroleum Demand Climbs, Inventories Fall ‘Sharply’

Domestic petroleum demand jumped last week, eating into inventories of crude and refined products, the U.S. Energy Information Administration (EIA) said Wednesday. U.S. commercial crude oil inventories for the week ended Feb. 5 — excluding those in the Strategic Petroleum Reserve — decreased by 6.6 million bbl from the previous week, according to EIA’s Weekly…

February 10, 2021
EIA Reports Substantial Drop in U.S. Oil Inventory as Imports Decline

EIA Reports Substantial Drop in U.S. Oil Inventory as Imports Decline

The United States’ crude oil inventories — excluding those in the Strategic Petroleum Reserve — declined by 9.9 million bbl last week as imports fell and demand was met increasingly with domestic supplies, according to the Energy Information Administration (EIA). In its Weekly Petroleum Status Report for the period ended Jan. 22, EIA said that,…

January 27, 2021
Lower 48 DUC Count Overstated in EIA Data, Says Raymond James

Lower 48 DUC Count Overstated in EIA Data, Says Raymond James

The absolute number of uncompleted wells in the U.S. onshore has increased in the past two years, but the count is “normal” and in line with the swell in overall activity, Raymond James & Associates Inc. said Monday.

March 25, 2019

Crude Inventory Building As Antero Wrestles With Appalachian Trucking Constraints

A lack of licensed trucks and drivers in Appalachia has left more than 100,000 bbl of crude oil produced by Antero Resources Corp. in West Virginia’s Marcellus Shale to pile up as the volumes wait for transportation, and has forced the company to curtail 100 MMcfe/d of production.

August 2, 2018

Pennsylvania Report Shows Some Progress in NatGas Industry Air Emissions

While year/year methane emissions and volatile organic compounds (VOC) from unconventional natural gas well sites and midstream facilities in Pennsylvania increased in 2015, several other pollutants dropped considerably, according to the state Department of Environmental Protection’s (DEP) latest air emissions inventory.

September 7, 2017

Storage Data, Revisions In Play; July Seen A Penny Lower

July natural gas is set to open a penny lower Thursday morning at $2.67 as traders await not only a government inventory report but also the release of revisions by a California utility. Overnight oil markets rose.

June 23, 2016
Oasis Putting Sights on Pulling Down Bakken DUCs Before Adding Rigs

Oasis Putting Sights on Pulling Down Bakken DUCs Before Adding Rigs

Oasis Petroleum Corp.’s senior executives are unsure when or at what commodity price they plan to “pull the lever” to redeploy rigs, but the Bakken Shale-focused producer is lining up its drilled but uncompleted (DUC) wells to start, many in the core of the North Dakota formation.

May 11, 2016
Oasis Putting Sights on Pulling Down Bakken DUCs Before Adding Rigs

Oasis Putting Sights on Pulling Down Bakken DUCs Before Adding Rigs

Oasis Petroleum Corp.’s senior executives are unsure when or at what commodity price they plan to “pull the lever” to redeploy rigs, but the Bakken Shale-focused producer is lining up its drilled but uncompleted (DUC) wells to start, many in the core of the North Dakota formation.

May 11, 2016
U.S. Onshore Completion Activity Still in Free Fall, Says Basic Energy

U.S. Onshore Completion Activity Still in Free Fall, Says Basic Energy

Production-related well servicing business remains steady in the U.S. onshore, but completions continue to decline, Basic Energy Services Inc.’s CEO said Monday.

April 13, 2016
U.S. Onshore Completion Activity Still in Free Fall, Says Basic Energy

U.S. Onshore Completion Activity Still in Free Fall, Says Basic Energy

Production-related well servicing business remains steady in the U.S. onshore, but completions continue to decline, Basic Energy Services Inc.’s CEO said Monday.

April 13, 2016
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