Rystad

Equinor Dominates in Renewable Investments While Other Oil Majors Face Capex Cuts

Equinor Dominates in Renewable Investments While Other Oil Majors Face Capex Cuts

Over the next five years, the world’s oil majors are expected to invest up to $17.5 billion into solar and wind energy projects, a Rystad Energy analysis projected.

June 1, 2020
U.S. Oil, Natural Gas Rig Count at Record Low as Demand Recovery Sputters

U.S. Oil, Natural Gas Rig Count at Record Low as Demand Recovery Sputters

U.S. oil and natural gas drilling activity has hit its lowest point since Baker Hughes Co. began publishing rig count data in 1987, the Energy Information Administration (EIA) said Wednesday.

May 20, 2020
Haynesville Natural Gas Output Seen Down to 2023, but Henry Hub Gains Could Alter Track

Haynesville Natural Gas Output Seen Down to 2023, but Henry Hub Gains Could Alter Track

The Haynesville Shale, the second largest dry natural gas producing area in the United States, is positioned for a 20% decline in output and activity to 2023 if Henry Hub prices were to maintain an average of$1.80-1.90/MMBtu.

May 12, 2020
Lower 48 Fracking Operations Reportedly to Hit Low Point in April, with Permian Taking Biggest Hit

Lower 48 Fracking Operations Reportedly to Hit Low Point in April, with Permian Taking Biggest Hit

The historic slump in oil drilling is likely to result in the largest monthly decline in completions activity ever recorded in the United States, according to an analysis by Rystad Energy.

April 22, 2020
Enterprise CEO Says Hang On, as Relief from Coronavirus, Low Prices Will Happen…Eventually

Enterprise CEO Says Hang On, as Relief from Coronavirus, Low Prices Will Happen…Eventually

Oil and natural gas operators have begun taking a second look at spending cuts implemented in March and are shelving projects as a return to “normal” is not forecast until demand comes closer to matching supply.

April 14, 2020
U.S. Rig Count Seen Dropping Further and Faster Than Previous Downturns as Covid-19, Price War Take Toll

U.S. Rig Count Seen Dropping Further and Faster Than Previous Downturns as Covid-19, Price War Take Toll

The U.S. horizontal oil rig count is poised to drop by an estimated 65% amid the unprecedented effects of the oil price war and Covid-19pandemic, according to a new analysis by Rystad Energy.

April 8, 2020
U.S. Rig Count Seen Dropping Further and Faster Than Previous Downturns as Covid-19, Price War Take Toll

U.S. Rig Count Seen Dropping Further and Faster Than Previous Downturns as Covid-19, Price War Take Toll

The U.S. horizontal oil rig count is poised to drop by an estimated 65% amid the unprecedented effects of the oil price war and Covid-19pandemic, according to a new analysis by Rystad Energy.

April 8, 2020
Natural Gas Flaring Remains ‘Undoubtedly’ Very High in Permian Basin, Says Rystad

Natural Gas Flaring Remains ‘Undoubtedly’ Very High in Permian Basin, Says Rystad

The volume of waste natural gas that is flared or vented at the wellhead in the Permian Basin tripled between early 2017 and the fourth quarter of 2018 and has been range bound since then between 550 MMcf/d and 750 MMcf/d, “undoubtedly a very high volume,” according to analysts at Rystad Energy.

February 14, 2020

OPEC, Allies Shutting Off More Oil Output Through March

The Organization of the Petroleum Exporting Countries, aka OPEC, and its allies on Friday agreed to reduce overall production levels by another 500,000 b/d from January through March.

December 6, 2019
U.S. Unconventional Sector Said Finally Turning Cash Flow Positive

U.S. Unconventional Sector Said Finally Turning Cash Flow Positive

In what is called a “remarkable turnaround,” the second quarter was the first three-month period on record for Lower 48 explorers overall to achieve positive cash flow from operations after accounting for capital spending.

August 21, 2019