Raymond

Extraordinary measures are continuing to slam the oil and gas markets, as more North American producers, including EQT Corp. and EOG Resources Inc., are announcing cuts to spending while oil prices — and demand — are slaughtered.

Well productivity in the Lower 48 jumped in 2018, but output last year appeared to slide, implying the decline curve may be steepening relative to years’ past, according to Raymond James & Associates Inc.

Fears of escalation in the Middle East following a U.S. attack in Iraq early Friday, which killed a high ranking Iranian military leader, could support a sustained move higher for crude oil prices, which jumped 4% on Friday.

The global crude oil market could be headed for an “unprecedented” undersupply condition by 2020, suggesting further upside for West Texas Intermediate (WTI) and Brent even after prices rallied off the lows from late last year, according to analysts.

Oil and natural gas startups worldwide should continue to deteriorate this year, resulting in an even bigger call on U.S. shale to meet global demand growth over the next decade, a review by Raymond James & Associates Inc. has found.

U.S. producers may have enough cash flow this year to double the onshore rig count from current levels, Raymond James & Associates Inc. said Monday. The only thing standing in their way could be a lack of pressure pumping equipment.

When it comes to the recent string of negative headlines for midstream projects facing opposition and delays, Raymond James & Associates Inc. said this week it thinks market fundamentals “and straightforward economics will eventually win out.”

U.S. exploration and production (E&P) cash flow generation and oilfield spending on drilling and completions have bottomed, no matter what direction oil and natural gas pricing goes in 2017, Raymond James & Associates said Monday.

Pressure pumping attrition, brought about by financial stress on oilfield operators and equipment wear and tear likely will constrain the U.S. rig count into 2017, Raymond James & Associates said Monday.