Outlook

North American OFS Sector Preparing for Transformational 2018

If 2017 proved to be a new beginning for the downtrodden oilfield services (OFS) sector, 2018 is expected to be the year that operators are positioned for future growth in both the onshore and offshore.

December 28, 2017

Upstream Ready to Thrive, Not Merely Survive in New Year, Says Wood Mackenzie

Oil and natural gas operators are entering 2018 in the best shape since oil prices collapsed in late 2014, Wood Mackenzie researchers said Thursday.

December 14, 2017

Chilly Temps Build in 15-Day Outlook, January NatGas Called Higher

January natural gas was set to open about 4 cents higher Monday to around $3.102 as projected heating demand increased in the 15-day outlook over the weekend.

December 4, 2017

Market Reacts to Mixed Weather Signals, December NatGas Called 6 Cents Lower

December natural gas was set to open about 6 cents lower Tuesday at around $3.10 as the market continued to pull back from last week’s gains on mixed signals in the long-range weather outlook.

November 14, 2017
Global NatGas Fastest Growing Fossil Fuel to 2040 as Supply, Trade Soars, Says EIA

Global NatGas Fastest Growing Fossil Fuel to 2040 as Supply, Trade Soars, Says EIA

Worldwide natural gas consumption is projected to increase to 177 Tcf in 2040 from 124 Tcf in 2015 and account for the largest increase in fossil fuel consumption, but renewable energy resources are picking up the pace, the U.S. Energy Information Administration (EIA) said Thursday.

September 14, 2017

Keane Adding U.S. Fracture Fleets, Raising Prices as Outlook Improves

Sixteen of the Keane Group Inc.’s 23 hydraulic fracturing fleets now are working across the U.S. onshore, representing 70% utilization, a positive sign for growth through this year, the Houston operator said Wednesday.

March 15, 2017

Delaware Basin Helps Push Concho’s Production 4% Higher Quarter/Quarter

Led by burgeoning production in the Permian Basin’s Delaware sub-basin, Concho Resources Inc. saw total production reach 13.2 million boe in the second quarter, a 4% increase compared to 1Q2016, the Midland, TX-based independent said.

August 3, 2016

Demand Is Light at End of Pipe For Troubled Midstream

Pain at the wellhead has flowed down the pipeline to afflict midstream infrastructure operators, and about the only bright spot right now is the outlook for growing natural gas demand at home and abroad as well as increasing liquids exports, a trio of speakers said at IHS CERAWeek.

February 26, 2016
Shale Natural Gas to Account for 20% Share of Total Global Gas Output by 2035, Says BP

Shale Natural Gas to Account for 20% Share of Total Global Gas Output by 2035, Says BP

Shale natural gas, ramrodded by U.S. producers, should amount to about 75% of domestic gas output and nearly 20% of total global gas production by 2035, compared to 10% of global share in 2014, a stronger forecast than BP plc’s economics team previously projected. And it could get even better, chief economist Spencer Dale said Wednesday.

February 10, 2016

S&P Says Oil, NatGas Sector 30% of U.S. Distressed Debt in December

The U.S. distressed debt ratio reached a peak for the year at 24.5% in December — its highest since the 2009 recession — and the oil and gas sector accounted for about 30% of the debt issuers, according to a report by Standard & Poor’s Ratings Services (S&P).

December 30, 2015