Raymond James

June Natural Gas Futures Inch Higher Amid LNG Strength, Potential for Storage Depletion

June Natural Gas Futures Inch Higher Amid LNG Strength, Potential for Storage Depletion

Natural gas futures advanced for a second consecutive session on Monday, as traders mulled weather-driven demand potential, continued strong liquefied natural gas (LNG) volumes and the potential for light storage levels moving through the summer months.   The June Nymex contract advanced 3.5 cents day/day and settled at $2.966/MMBtu. July rose 3.6 cents to $3.014. Spot…

May 3, 2021
Lower 48 DUC Count Falling to ‘Normal’ by Year’s End, Says Raymond James

Lower 48 DUC Count Falling to ‘Normal’ by Year’s End, Says Raymond James

The Lower 48’s ample supply of drilled but uncompleted wells, aka DUCs, is coming down at a quick pace and is expected to reach “normal” levels by year’s end, tightening the oil supply according to Raymond James & Associates Inc. In a note to clients, Raymond James analyst John Freeman made the case that the…

February 9, 2021

DUC, DUC, Goose? Giant Disconnect Seen in Lower 48 Well Completions, Rig Count

Lower 48 well completion activity is at an all-time high, even as the rig count has fallen, which is leading to a huge disconnect that may not be sustained through 2020, according to an analysis by Raymond James & Associates Inc.

December 2, 2019

‘Stout’ Turnaround Expected Following Dip in Global Oil Demand

Oil prices, which spiked following attacks on Saudi oil infrastructure in mid-September, remain in flux beyond 2019, as questions swirl about whether a second quarter dip in demand was transitory or permanent.

October 2, 2019

Most Lower 48 E&Ps Still Exposed to 2020 Oil, Natural Gas Prices

U.S. explorers still have a lot of exposure to oil and natural gas prices in 2020 as the fourth quarter nears, but if oil prices move higher as many experts are forecasting, that strategy may prove to be a winner.

September 9, 2019
Permian Natural Gas Constraints Unlikely to Slow Oil Momentum, Says Raymond James

Permian Natural Gas Constraints Unlikely to Slow Oil Momentum, Says Raymond James

Warning lights were going off in the Permian Basin two years ago that a dearth of natural gas infrastructure would surpass production, but the issues can be resolved and overall not pressure oil activity, Raymond James & Associates Inc. said Monday.

December 3, 2018

Permian DUCs Likely to Decline in 2019 as Sector Rebounds, Says Raymond James

A reversal in the backlog of uncompleted U.S. onshore wells could swamp operators when activity resumes early next year as there no longer will be an incentive to defer wells in the largest U.S. play, according to Raymond James & Associates Inc.

October 15, 2018

Permian Crude Takeaway Conundrum to Take Ingenuity, Money, Says Raymond James

The Permian Basin is facing another year of crude oil takeaway constraints, but producers are working on ways to resolve the issues sooner through a combination of capital and ingenuity, Raymond James & Associates Inc. said Monday.

September 24, 2018

U.S. E&Ps Wary of Rising OFS Costs, Living Within Cash Flow, Says Raymond James

U.S. exploration and production (E&P) management teams expect their biggest hurdles this year will be rising service costs and an effort to thrive within cash flow, according to a survey by Raymond James & Associates Inc.

March 12, 2018
More Capital Discipline Should Compel Investors to Rethink E&P Valuations, Says Raymond James

More Capital Discipline Should Compel Investors to Rethink E&P Valuations, Says Raymond James

The onshore exploration and production (E&P) industry is tightening up, tilting toward more capital discipline and free cash flow (FCF), which could give investors pause in how they value the group, according to an analysis by Raymond James & Associates.

January 8, 2018