The United States is on track to become net oil independent by 2020, if production continues on its current path in the Permian and Williston basins, and in the Eagle Ford, Raymond James & Associates Inc. analysts said Monday.
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Articles from Raymond
Raymond James Devises Substitute for Rig Count
The move to horizontal drilling and longer laterals has made the domestic land rig count not so simple anymore, leading Raymond James & Associates Inc. last week to launch well and footage count forecasts.
Raymond James Devises Substitute for Rig Count
The move to horizontal drilling and longer laterals has made the domestic land rig count not so simple anymore, leading Raymond James & Associates Inc. on Monday to launch well and footage count forecasts.
Bleak Outlook for Wet Gas Drillers Through 2013
For drillers of any stripe it’s looking dark until the second half of 2014, energy analysts with Raymond James & Associates Inc. said last week. A “meaningful rebound” isn’t likely until the second half of 2014 and through 2015, they wrote in a note to clients.
Wet Gas Operators Now Face Drilling Slump
For drillers of any stripe it’s looking dark until the second half of 2014, energy analysts with Raymond James & Associates Inc. said Monday. A “meaningful rebound” isn’t likely until the second half of 2014 and through 2015, they wrote in a note to clients.
‘Abandon All Hope’ on Natgas Prices, Says Raymond James
The near-term outlook for oil prices has blurred but the outlook for U.S. natural gas prices is more in focus — and it’s not a pleasant picture, according to analysts with Raymond James & Associates Inc.
Transportation Notes
Gulf South plans to perform meter maintenance for about eight hours Monday at its South Raymond-Expansion interconnect with Texas Eastern in Hinds County, MS. Flow will be shut in for the duration, Gulf South said, but it will keep nominations there whole for the day.
Raymond James: Technology Taking Over Oilpatch
The oilpatch has gone high tech and demand for new and better products has never been higher, Raymond James & Associates Inc. analysts said last week.
People
Lawrence G. Rawl, 76, former chairman and CEO of Exxon Corp., died on Sunday in Fort Worth. Current ExxonMobil CEO Lee Raymond said that Rawl “was a strong leader for our company and the petroleum industry and a true friend. We all mourn his passing and express our deepest sympathy to his family for their loss.” Born in 1928 in New Jersey, Rawl enlisted and served in the U.S. Marine Corps at the end of World War II. Following his military service, Rawl entered the University of Oklahoma and received a degree in petroleum engineering. He immediately joined Humble Oil & Refining Co., Exxon’s predecessor company. In 1980, he joined Exxon Corp. and was elected chairman in 1987. He held the top posts until his retirement in May 1993.
Apache’s Plank Calls for Corporate Accountability
Apache Corp. Chairman Raymond Plank continues to blast energy marketing firms, saying the U.S. Department of Justice must follow through on corporate crime and punishment. “The Justice Department appears to be moving very slowly, and occasionally netting a small fry, while letting the larger guys — the guys who take the elevator to the top floor — continue” to move freely.