Laredo Petroleum Inc

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  • Introduction to the Permian Basin — Part 2: Geography of the Permian Basin
    Energy & Utilities

    Introduction to the Permian Basin — Part 2: Geography of the Permian Basin

    The Permian Basin is one of the US’s primary drivers of oil production growth. Market Realist provides an overview of this prolific hydrocarbon asset with a primer piece: “Introduction to the Permian Basin”.

    By Ingrid Pan
  • Basic Materials

    Must-know: Why onshore rig counts are at a 2-year high

    The U.S. onshore, or land-based, rig count increased by four rigs—from 1,865 to 1,869—during the week ending September 19. Land-based rigs include 13 inland water rigs. This is the highest onshore rig count in the past two years. It’s the highest rig count since August 17, 2012. This marks the eighth increase in the past ten weeks.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Permian Basin activity: A key indicator of energy sector health

    This was the seventh straight weekly decline in the Permian Basin oil rig count. Overall, the weekly US crude oil rig count was down 4%.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Why the Permian Basin is the key indicator for oil rig counts

    According to the U.S. Energy Information Administration (or EIA), the Permian Basin is the largest crude oil–producing region in the US.

    By Alex Chamberlin
  • uploads///non OPEC crude oil production
    Macroeconomic Analysis

    Non-OPEC Crude Oil Production: Will It Impact Oil Prices in 2017?

    Figures from the EIA suggest that non-OPEC crude oil production rose by 350,805 bpd to 44.6 MMbpd in September 2016—compared to the previous month.

    By Gordon Kristopher
  • uploads///P BW USI
    Macroeconomic Analysis

    The best and worst upstream and integrated performers

    Removing companies that outperformed on account of pending acquisitions, the top-performing energy company in the upstream or integrated segment is XOM. This isn’t a surprise.

    By Manas Chowgule, CFA
  • Energy & Utilities

    Must-know overview: The geography of the Permian Basin

    The Permian Basin spreads across a wide swath of western Texas and southern New Mexico. The name “Permian Basin” generally refers to a combination of the Delaware Basin and Midland Basin.

    By Alex Chamberlin
  • uploads///Libya
    Macroeconomic Analysis

    Analyzing Libya’s Crude Oil Production

    A Reuters survey estimates that Libya’s crude oil production fell by ~20,000 bpd (barrels per day) to 670,000 bpd in February 2017—compared to January 2017.

    By Gordon Kristopher
  • uploads///libya
    Macroeconomic Analysis

    Libya’s Crude Oil Production Could Impact Crude Oil Prices

    Libya produced ~1.8 MMbpd of crude in 2007. Civil war and militant attacks on its oil infrastructure caused the fall in Libya’s crude oil production.

    By Gordon Kristopher
  • uploads///libya
    Macroeconomic Analysis

    Libya’s Crude Oil Production Reached a 3-Year High

    Libya’s National Oil Corporation reported that the country’s crude oil production rose by 300,000 bpd between September 2016 and January 2017.

    By Gordon Kristopher
  • uploads///WTI crude oil chart
    Macroeconomic Analysis

    Crude Oil Prices Follow a Long-Term Trend, Could Hit $25 per Barrel

    Crude oil prices have fallen almost 29% in 2016. Prices have fallen to 12-year lows. They’re following a long-term bearish trend.

    By Gordon Kristopher
  • uploads///Libya
    Macroeconomic Analysis

    Libya’s Crude Oil Production Hit a 3-Year High

    Libya’s National Oil Corporation reported that the country’s crude oil production rose to ~700,000 bpd in January—the highest level in the last three years.

    By Gordon Kristopher
  • uploads///Loser
    Basic Materials

    Weakest Upstream Stocks in the Week Ending September 28

    Southwestern Energy (SWN) was the weakest upstream stock in the week ending September 28. Southwestern Energy fell 10.8% last week.

    By Kurt Gallon
  • uploads///Iran
    Energy & Utilities

    President Trump Impacts Iran and Crude Oil Futures

    On May 8, President Trump said that the US is exiting the Iranian nuclear deal. He plans to impose new sanctions on Iran.

    By Gordon Kristopher
  • uploads///Loser
    Energy & Utilities

    Weakest Upstream Stocks in the Week Ending October 5

    Ring Energy (REI) was the weakest upstream stock in the week ending October 5. Ring Energy fell 17.4% last week.

    By Kurt Gallon
  • uploads///gdp consu and wti
    Macroeconomic Analysis

    Oil Prices, World Oil Consumption, and Global Economic Growth

    Steady world oil consumption would support oil prices in 2017. The change in world consumption is expected to average 1.6% in 2017.

    By Gordon Kristopher
  • uploads///refinery _
    Energy & Utilities

    Why Laredo Petroleum Is Surging Today

    Laredo Petroleum (LPI) stock is up more than 9% on strong volumes. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is up ~1.5%.

    By Kurt Gallon
  • uploads///JAG Upstream YTD Q Price
    Energy & Utilities

    Is Jagged Peak Energy’s Valuation Justified?

    This year, Jagged Peak Energy (JAG), has been the third-weakest US upstream stock.

    By Nicholas Chapman
  • Energy & Utilities

    US oil rigs lose steam after reaching a record high

    Last week, the Baker Hughes oil rig count decreased by nine—from 1,601 to 1,592. This marked the first decrease in the past five weeks. Despite the decrease, oil rigs are still close to the record high.

    By Alex Chamberlin
  • uploads///
    Energy & Utilities

    More midstream oil and gas options in the Permian Basin have kept spreads tight

    Producers in the Permian had suffered in the past when takeaway capacity was not sufficient for the growth of West Texas oi production. However, at present it seems that these issues have been resolved.

    By Ingrid Pan
  • uploads///AdobeStock_
    Industrials

    Range Resources: A Look at Its Institutional Holdings

    Range Resources (RRC) reported adjusted EPS of -$0.07 in the third quarter. Let’s talk about institutional investor activity in RRC in the quarter.

    By Rabindra Samanta
  • Financials

    What’s the Elliott Wave Theory?

    The Elliott Wave Theory was developed by R.N. Elliott in the 1930s. The theory proposed that market trends moves in repeated cycles. The cycles are classified based on how long they last.

    By Gordon Kristopher
  • Financials

    What’s the symmetrical triangle pattern in technical analysis?

    The symmetry pattern is formed when there’s indecision in the price movements. At this price point, there’s equal buying pressure and selling pressure. The prices form a zigzag shape.

    By Gordon Kristopher
  • uploads///Permian
    Energy & Utilities

    Why Permian defied the falling oil rig counts last week

    The Permian Basin is in western Texas and southern New Mexico. The name Permian Basin usually refers to a combination of the Delaware Basin and the Midland Basin.

    By Alex Chamberlin
  • Energy & Utilities

    The Permian Basin’s resource potential and oil versus gas split

    The magnitude of hydrocarbons available in the Permian Basin is one of the factors that make it an attractive place to drill for oil and gas. Another major factor is the oil and gas split given current commodity prices.

    By Alex Chamberlin
  • uploads///
    Energy & Utilities

    A Permian production increase has widened the WTI-Midland spread

    Permian production has ramped up and any disruption in takeaway capacity, which had been tight, causes spreads to blow out.

    By Alex Chamberlin
  • Energy & Utilities

    What are the advantages of technical analysis?

    Entry and exit strategy is recommended for short and long-term trading in technical analysis. Fundamental analysis is used for the long-term entry and exit point.

    By Gordon Kristopher
  • uploads///biased
    Energy & Utilities

    What are the disadvantages of technical analysis?

    Technical analysis is used to forecast stocks. All of the technical indicators give possible entry and exit points. The forecasting accuracy isn’t 100%. This is one of disadvantages of technical analysis.

    By Gordon Kristopher
  • uploads///breakeven cost
    Energy & Utilities

    Why is the breakeven price of crude oil so important?

    Knowing the breakeven price of crude oil is important when trying to figure out what OPEC needs in order to regain market share.

    By Gordon Kristopher
  • uploads///usa vs saudi Arabia
    Energy & Utilities

    US-Saudi Arabia market share rivalry: Its impact on oil prices

    Fast-growing oil production in the United States has eaten into OPEC’s market share. This benefited oil companies worldwide but negatively impacted OPEC.

    By Gordon Kristopher
  • uploads///usd
    Energy & Utilities

    How the strengthening US dollar is impacting crude oil prices

    The US dollar plays a major role in the price movements of commodities such as gold and crude oil. A strengthening US dollar is often seen as negative.

    By Gordon Kristopher
  • uploads///Intro to Permian Header
    Energy & Utilities

    Introduction to the Permian Basin — Part 1: Why is the Permian Basin important?

    The Permian Basin is one of the US’s primary drivers of oil production growth. Market Realist provides an overview of this prolific hydrocarbon asset with a primer piece: “Introduction to the Permian Basin”.

    By Ingrid Pan
  • uploads///
    Energy & Utilities

    Midland-WTI remains tight, closing last week at $0.15/barrel

    Spreads between Midland crude and WTI crude have remained tight, which is a positive for Permian producers.

    By Ingrid Pan
  • uploads///oil firecasts jan
    Energy & Utilities

    Traders Could Start Booking a Profit in Crude Oil Futures

    On January 16, 2018, Goldman Sachs said that crude oil prices could exceed its forecast in the coming months.

    By Gordon Kristopher
  • uploads///OPEC production Dec
    Energy & Utilities

    Why OPEC’s Crude Oil Production Rose in January

    A Reuters survey showed that OPEC’s crude oil production increased by 100,000 bpd (barrels per day) to 32.4 MMbpd (million barrels per day) in January 2018.

    By Gordon Kristopher
  • uploads///P
    Energy & Utilities

    Upstream Stocks Outperformed the Energy Space

    In the week ending March 22, upstream stock Denbury Resources (DNR) rose the most among the energy stocks under review in this series.

    By Rabindra Samanta
  • uploads///p
    Energy & Utilities

    The Top Five Losses in the Energy Space Last Week

    Between January 11 and January 18, upstream stock Laredo Petroleum (LPI) fell the most among our set of selected energy stocks.

    By Rabindra Samanta
  • uploads///p
    Energy & Utilities

    Laredo Petroleum: Top Underperformer in the Upstream Space

    On January 11–18, Laredo Petroleum fell the most on our list of upstream energy stocks from XOP.

    By Rabindra Samanta
  • uploads///Energy Sector Q YTD Analysts
    Energy & Utilities

    Analyzing Wall Street’s Targets for HK, XEC, JAG, LPI, and COG

    To conclude our series, we’ll discuss analysts’ recommendations for this year’s weakest upstream stocks.

    By Nicholas Chapman
  • uploads///stock
    Energy & Utilities

    Comparing Stock Performance: LPI, EQT, FANG, SRCI, and CXO

    Stock performance In this part, we’ll compare Laredo Petroleum’s (LPI), EQT’s (EQT), Diamondback Energy’s (FANG), SRC Energy’s (SRCI), and Concho Resources’ (CXO) stock performance. As we saw in the previous part, these stocks reported the widest net profit margins in fiscal 2017. Outliers and underperformers Diamondback Energy (FANG) outperformed its peers, rising 27% YoY (year-over-year). Meanwhile, […]

    By Keisha Bandz
  • uploads///Net margins
    Earnings Report

    These Upstream Companies Had the Widest Net Margins in 2017

    Top five upstream companies based on net margins Let’s now look at the five upstream companies with the widest net profit margins in fiscal 2017. Profit margins are helpful in gauging a company’s profitability and operational efficiency. Profit margin growth shows that a company is increasing its operational efficiency and making more money on each unit […]

    By Keisha Bandz
  • uploads///IV
    Energy & Utilities

    Implied Volatility of Top 5 Return on Equity Upstream Stocks

    Carrizo Oil & Gas (CRZO) has the highest implied volatility among its peers, while Devon Energy (DVN) has the lowest implied volatility.

    By Keisha Bandz
  • uploads///ROE
    Energy & Utilities

    The Top 5 Upstream Companies Based on Return on Equity

    The company with the highest trailing 12-month ROE (return on equity) as of 3Q17 is Carrizo Oil & Gas (CRZO) with an ROE of 52.1%.

    By Keisha Bandz
  • uploads///Major producers June
    Energy & Utilities

    Crude Oil Prices Are Positive before OPEC’s Meeting

    US crude oil futures for January delivery rose 0.3% to $57.47 per barrel at 1:10 AM EST on November 30, 2017. Prices rose ahead of OPEC’s meeting.

    By Gordon Kristopher
  • uploads///Energy MWU_ UPSTREAM Losers
    Company & Industry Overviews

    Upstream Losers: JONE, TELL, KOS, LPI, and ERF

    In the week starting October 2, 2017, Jones Energy (JONE) has fallen ~9.0%, from $1.92 to $1.74. It has fallen every day so far this week.

    By Nicholas Chapman
  • uploads///us production
    Energy & Utilities

    US Monthly Crude Oil Production: Lowest since September 2014

    The EIA reported that monthly US crude oil production fell by 222,000 barrels per day to 8.9 MMbpd in April 2016—compared to the previous month.

    By Gordon Kristopher
  • uploads///diesel
    Macroeconomic Analysis

    US On-Highway Diesel Fuel Prices Hit Fresh 2016 Highs

    The EIA reported that US on-highway diesel fuel prices rose by 0.8% week-over-week and closed at $2.40 per gallon on June 6, 2016.

    By Gordon Kristopher
  • uploads///US crude oil production
    Macroeconomic Analysis

    US Crude Oil Production Sees a Significant Fall: What’s Next?

    The EIA reported that US crude oil production fell by 113,000 barrels per day to 8.8 MMbpd (million barrels per day) for the week ending April 29, 2016.

    By Gordon Kristopher
  • uploads///production disruption OPEC
    Macroeconomic Analysis

    OPEC’s Unplanned Supply Disruption Impacts Oil Prices

    The fall in supply disruptions from OPEC member nations will add to the global oil market glut. This would extend the bear market and negatively impact oil prices.

    By Gordon Kristopher
  • uploads///US crude oil production
    Macroeconomic Analysis

    US Crude Oil Production Could Become the Biggest Bear in 2016

    Record US crude oil production has pressured crude oil prices while the record oil production of OPEC and Saudi Arabia has dragged prices to historic lows.

    By Gordon Kristopher
  • uploads///Saudi Production
    Macroeconomic Analysis

    Saudi Arabia’s Crude Oil Production: Key for the Global Oil Market

    Preliminary estimates suggest that Saudi Arabia produced more than 10 MMbpd of crude oil in January 2016. Its production peaked at 10.6 MMbpd in June 2015.

    By Gordon Kristopher
  • uploads///US crude oilproduction
    Macroeconomic Analysis

    OPEC Unable to Shut Down US Shale Oil Producers

    The EIA reported that US oil production fell by 17,000 bpd (barrels per day) to 9.2 MMbpd (million barrels per day) for the week ending November 20, 2015.

    By Gordon Kristopher
  • uploads///M income and margin
    Earnings Report

    Is EOG Resources Adapting to the Low Oil Price Environment?

    EOG recorded $7.0 billion in net operating revenues for the first nine months of 2015, down 48% from $13.4 billion recorded in the corresponding period of 2014.

    By Alex Chamberlin
  • uploads///USD index
    Macroeconomic Analysis

    How Does the US Dollar Index Influence Crude Oil Prices?

    Crude oil and the US Dollar Index are inversely related. The appreciation of the US dollar will negatively influence crude oil prices.

    By Gordon Kristopher
  • uploads///Supply outage
    Macroeconomic Analysis

    Crude Oil Supply Outage Could Boost Short-Term Crude Oil Prices

    The EIA estimates that the supply outage in OPEC regions averaged 2.8 MMbpd in 2015. In the non-OPEC region, it averaged 0.74 MMbpd in 2015.

    By Gordon Kristopher
  • uploads///crude oil and gasoline price differnce
    Macroeconomic Analysis

    How Long Will Rising Gasoline Prices Support Crude Oil Prices?

    December gasoline futures rose by almost 6% in the past month. However, gasoline prices fell by 30% in the past year due to oversupply concerns.

    By Gordon Kristopher
  • uploads///OPEC monthly production
    Macroeconomic Analysis

    Will OPEC Initiate a Big Crude Oil Market Rally?

    The preliminary survey from Bloomberg suggests that OPEC’s crude oil production rose slightly by 74,000 bpd to 32.2 MMbpd in October 2015.

    By Gordon Kristopher
  • uploads///US dollar index
    Macroeconomic Analysis

    How Long Will the US Dollar Impact the Crude Oil Market?

    The US Dollar Index rose by 2.1% since October 9. The US dollar is expected to strengthen from the current levels due to diverging monetary policies.

    By Gordon Kristopher
  • uploads///Net DEbt and EBITDA
    Company & Industry Overviews

    Concho Resources’ Debt Has Stayed Range-Bound: A Good Sign

    Concho Resources’ net debt has been steady over the past 13 quarters. In 2Q15, the company’s net debt increased 7.9% from 1Q15 to ~$3.66 billion.

    By Alex Chamberlin
  • uploads///FCF
    Company & Industry Overviews

    Will Concho Resources’ Free Cash Flows Improve?

    Concho Resources’ free cash flows (or FCF), defined as operating cash flows less capital expenditure, have remained negative in the past 13 quarters.

    By Alex Chamberlin
  • uploads///OPEC production
    Macroeconomic Analysis

    OPEC Is Sidelined: Is Crude Oil a Free Market Now?

    OPEC (Organization of the Petroleum Exporting Countries) is considered a swing producer of crude oil. It produced 32.107 MMbpd of crude oil in July 2015.

    By Gordon Kristopher
  • uploads///YTD Net income and margin
    Earnings Report

    EOG Resources’ Questionable Cost Efficiency in 2015

    EOG’s year-to-date net income lost $164.5 million, compared to $1.37 billion net profit one year ago.

    By Alex Chamberlin
  • uploads///Adjusted vs estimate EPS
    Earnings Report

    Marathon Oil’s 2Q15 Adjusted Earnings Closely Matched Estimates

    Marathon Oil’s 2Q15 adjusted earnings nearly matched estimates. Its 2Q15 adjusted loss per share was $0.23—compared the estimate of $0.225.

    By Alex Chamberlin
  • uploads///Returns
    Company & Industry Overviews

    Why EOG Resources Is among the Best Upstream Stocks

    EOG Resources (EOG) has generated above-par returns over a three-year period. EOG returned 91.8% in the last three years, mainly due to its strong performance.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Permian Basin Rig Count Increases Last Week: Is It a Turnaround?

    The oil rig count at the Permian Basin increased by one last week. It marks the first increase after three consecutive drops and the second increase in 26 weeks.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Permian Basin’s Rig Count Drop Slows: Is a Turn Coming?

    Currently, there are 646 working oil rigs in the US. The Permian Basin has 231 of these rigs—more than any other region. It produces the most crude oil in the US.

    By Alex Chamberlin
  • uploads///Ng Market May
    Macroeconomic Analysis

    Natural Gas Market: Long-Legged Doji Pattern

    Natural gas futures for June delivery showed the long-legged doji pattern on May 15. Prices are fluctuating in an upward range of $2.80–$3 per MMBtu.

    By Gordon Kristopher
  • uploads///ng  month chart may
    Macroeconomic Analysis

    Natural Gas Prices Trade above 100-Day Moving Average May 14

    The bullish momentum suggests natural gas prices could continue this rally and hit the key resistance point of $3.2 per MMBtu. Prices tested this level in January 2015.

    By Gordon Kristopher
  • uploads///Consensus EPS
    Earnings Report

    Continental Resources’ 1Q15 Earnings Exceeded Estimates

    Between 1Q12–1Q15, Continental Resources’ adjusted revenues increased 13%. From 1Q14–1Q15, the company’s adjusted revenues decreased 37%.

    By Alex Chamberlin
  • uploads///P USiNT
    Macroeconomic Analysis

    Last Week’s Biggest Movers in the Upstream and Integrated Subsectors

    In the week to May 8, WTI crude oil gained ~0.5%, while Henry Hub natural gas gained almost 4%. This series will look at how American energy companies fared last week.

    By Manas Chowgule, CFA
  • uploads///ng  month chart May
    Macroeconomic Analysis

    Natural Gas Prices: Below the Key Resistance of $2.90 per MMBtu

    Natural gas prices broke above the key level of $2.80 MMBtu on May 8. Prices could continue the momentum and hit the resistance of $2.90 per MMBtu.

    By Gordon Kristopher
  • uploads///Consensus EPS
    Earnings Report

    Pioneer Natural Resources’ 1Q15 Earnings Fell Short of Estimates

    Pioneer Natural Resources’ stock declined 2.5% to $159.90 on May 6 following its latest quarter earnings release on May 5. Its share price has gone up by ~8% since January 1.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Permian Basin Rig Count Registers 19th Straight Fall

    In the past year, Permian Basin oil rig activity declined with a loss of 280. The Permian Basin rig count is now at its lowest level since August 2010.

    By Alex Chamberlin
  • uploads///Oil rig coount
    Macroeconomic Analysis

    US Crude Oil Rig Count Down for 19 Straight Weeks

    US crude oil rig count decreased by 26 for the week ended April 17 down from 760 to 734. The number of oil rigs is now at its lowest level since December 3, 2010.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Permian Shale Oil Production Rises in March

    The EIA estimates Permian shale oil production of 1.96 MMbbls/d of crude oil in March. This was 1.6% higher than February and a 27% increase over March 2014.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Permian Basin Rig Count Lowest since August 2010

    Last week, the Permian Basin’s rig count fell by 20 over the prior week’s count—the 18th straight weekly decline and a ~7% decline from the previous week.

    By Alex Chamberlin
  • uploads///P USiNT
    Macroeconomic Analysis

    Rice Energy Gained while Chesapeake Energy Lost in March

    Rice Energy gained the most among its upstream peers. It gained ~11% in March. Rice Energy was followed by Laredo Petroleum, with a ~9.3% gain in March.

    By Manas Chowgule, CFA
  • uploads///Permian basin rog count
    Macroeconomic Analysis

    Permian Basin Rig Count Only Marginally Lower

    The Permian Basin rig count is now at its lowest level since October 2010. But it reported only a ~1% decline from the previous week.

    By Alex Chamberlin
  • uploads///COP
    Company & Industry Overviews

    ConocoPhillips and Laredo Petroleum: Two debt-ridden companies

    From 4Q13 to 4Q14, Laredo Petroleum’s (LPI) net debt, or long-term and short-term debt less cash reserves, increased at a rate of 111%, to $1.8 billion.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    The Permian Basin Rig Count Crashes Again

    Last week, the Permian Basin’s oil rig count fell by 20 over the previous week’s count. This was the 15th straight weekly decline.

    By Alex Chamberlin
  • uploads///Crude oil prices
    Company & Industry Overviews

    Why have energy companies increased their debt?

    In 2010, US upstream energy companies aggregated $128 billion of total debt. As of 4Q14, this increased to $199 billion of combined debt, a jump of 55%.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    The Permian Basin rig count is on a spectacular fall

    The Permian Basin rig count is now at its lowest since March 2011. The Permian has lost 200 rigs, or 35%, in the past ten weeks.

    By Alex Chamberlin
  • uploads///Net Income
    Company & Industry Overviews

    ConocoPhillips’ net income improves despite high production costs

    On a boe basis, ConocoPhillips’ net income has more than doubled in the past eight quarters. EBITDAX has deteriorated 5% during the same period.

    By Alex Chamberlin
  • uploads/// crash
    Macroeconomic Analysis

    Do 2014 crude oil prices and rig counts parallel the 2008 crash?

    Some economies like Europe and Russia have begun to show weakness. China, one of the highest crude oil consumers, is beginning to slow as well.

    By Alex Chamberlin
  • uploads///APA Capex
    Macroeconomic Analysis

    Apache Corporation revises capex down, sells assets

    In 2015, Apache Corporation plans to cut its capex budget by ~15%. It also announced the sale of its oil and gas assets in Louisiana and the Anadarko Basin.

    By Alex Chamberlin
  • uploads///Oil Proved Reserves
    Macroeconomic Analysis

    Why the EIA’s latest figures for crude oil reserves are important

    According to the EIA, crude oil reserves in the US increased 52% from 2003 to 2013. From 2012, crude oil reserves increased 9% to 33.37 billion barrels by the end of 2013.

    By Alex Chamberlin
  • Energy & Utilities

    Why the EIA decreased Brent estimates more than WTI estimates

    Lower WTI crude will hurt U.S. oil producers’ profitability. These companies include Whiting Petroleum, Halcon Resources, Laredo Petroleum and Pioneer Natural Resources.

    By Alex Chamberlin
  • uploads///Permian
    Energy & Utilities

    Why the Permian Basin has been driving rig count records

    Out of 1,584 active oil rigs in the U.S., the majority are in the Permian Basin. Rig counts gauge drilling activity of oil companies.

    By Alex Chamberlin
  • uploads///
    Energy & Utilities

    Increased high yield rates in August mean higher interest expense

    The BofAML High Yield Index rose slightly over August, signaling more expensive debt funding for high yield names, many of which are energy companies that constantly need cash.

    By Ingrid Pan
  • uploads///
    Energy & Utilities

    Infrastructure in Permian keeps Midland spread tight to Cushing, positive for CXO and PXD

    Increased infrastructure in the Permian Basin in West Texas has allowed the spread between Midland and Cushing WTI crude to remain tight in a positive factor for producers with Permian assets such as Concho Resources and Pioneer Natural Resources.

    By Ingrid Pan
  • uploads///Intro to Permian Header
    Energy & Utilities

    Introduction to the Permian Basin — Part 3: Major players

    The Permian Basin is one of the US’s primary drivers of oil production growth. Market Realist provides an overview of this prolific hydrocarbon asset with a primer piece: “Introduction to the Permian Basin”.

    By Ingrid Pan
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