Matador Resources Co

On December 7–14, upstream stock Carrizo Oil & Gas (CRZO) fell the most on our list of energy stocks.

Black Stone Minerals (BSM), a mineral interest owner structured as an MLP, was the strongest E&P (exploration and production) stock last week, rising 11.1%.

On July 6, the EIA (U.S. Energy Information Administration) released its natural gas storage report.

Russia’s crude oil output averaged 10.97 MMbpd (million barrels per day) in May. Russia’s crude oil production averaged 11.1 MMbpd in early June.

The EIA reported that US crude oil production increased by 100,000 bpd (barrels per day) to a record high of 10.9 MMbpd on June 1–8.

Plains All American Pipeline (PAA) invested ~$279 million in capital projects in 3Q17 and ~$893 million in the nine months ended September 30, 2017.

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

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%.

US natural gas rigs rose 35% in the last 12 months, while US natural gas prices (UNG) fell 20% during this period.

According to the EIA, US gasoline inventories rose by 6,780,000 barrels to 220.8 MMbbls (million barrels) on November 24–December 1, 2017.

Currently, ~69.0% of Wall Street analysts tracking Kosmos Energy (KOS) rate it as a “strong buy” or “buy.”

In 9M17, Matador Resources (MTDR) reported revenues of ~$399.0 million—about 124.0% higher than its 9M16 revenues of ~$178.0 million.

In 9M17, KOS’s production increased ~107.0% to ~7.8 million barrels when compared with 9M16.

US distillate inventories rose by 2,747,000 barrels to 127.7 MMbbls (million barrels) on November 17–24, 2017. Inventories rose 2.2% week-over-week.

The EIA estimates that US distillate inventories fell 0.8 MMbbls (million barrels) to 138.0 MMbbls from September 15–22, 2017.

The EIA (U.S. Energy Information Administration) estimates that US gasoline inventories fell 2.1 MMbbls (million barrels), or 1%, to 216.1 MMbbls between September 8, 2017, and September 15, 2017.

The EIA (U.S. Energy Information Administration) released its weekly crude oil inventory report on September 13.

The US Commodity Futures Trading Commission reported on Friday, August 25, that hedge funds have cut back their bullish positions in US crude futures and options.

Among our list of energy stocks, RSP Permian (RSPP) rose the most between August 4 and 11. Our list includes stocks from energy ETFs like the VanEck Vectors Oil Services ETF (OIH)…

The US Energy Information Administration estimates that weekly US gasoline demand fell 194,000 bpd (barrels per day) to 9.5 MMbpd (million barrels per day) between July 7, 2017, and July 14, 2017.

A preliminary survey estimates that inventories at Cushing could have fallen between July 14 and July 21, 2017.

Saudi Arabia is the largest crude oil producer and exporter among the OPEC (Organization of the Petroleum Exporting Countries) member countries.

Cushing inventories could have fallen on June 30–July 7, 2017. Crude oil inventories at Cushing have fallen for the seventh straight week.

The EIA reported that US gasoline inventories fell by 0.6 MMbbls to 241.9 MMbbls on June 9–16, 2017. Inventories rose 1.8% from the same period in 2016.

The EIA (U.S. Energy Information Administration) reported that US crude oil production rose by 12,000 bpd to 9,330,000 bpd on June 2–9, 2017.

The EIA estimates that US gasoline consumption averaged 9,600,000 bpd (barrels per day) in May 2017—0.16 MMbpd higher than the same period in 2016.

July WTI (West Texas Intermediate) crude oil (USL) (SCO) (BNO) futures contracts rose more than ~5% for the week ending May 19, 2017.

The EIA released its monthly STEO report on May 9, 2017. It estimates that US WTI crude oil prices would average $50.68 per barrel in 2017.

The EIA (U.S. Energy Information Administration) reported that US distillate inventories fell by 2.2 MMbbls (million barrels) to 150.2 MMbbls between March 31 and April 7, 2017.

The EIA estimates that US crude oil production will average 8,980,000 bpd and 9,530,000 bpd in 2017 and 2018, respectively.

Hedge funds’ net long positions rose by 23,299 contracts to 413,637 contracts in the week ending on February 21, 2017—compared to the previous week.

The EIA (U.S. Energy Information Administration) estimates that Iran’s crude oil production rose by 60,000 bpd to 3,780,000 bpd in January 2017.

The EIA estimates that Iran’s crude oil production rose by 20,000 bpd (barrels per day) to 3,720,000 bpd in December 2016—compared to the previous month.

The EIA (U.S. Energy Information Administration) reported that US refinery crude oil demand fell 182,000 bpd (barrels per day) to 15,370,000 bpd between October 7 and October 14.

On August 11, 2016, the International Energy Agency reported that crude oil production could lag demand by 1 MMbpd (million barrels per day) in 3Q16.

July WTI (West Texas Intermediate) crude oil futures contracts trading in NYMEX fell by 0.47% and settled at $49.1 per barrel on Tuesday, May 31, 2016.

WTI and Brent crude oil prices have risen by more than 80% since their lows in February 2016, but they’ve still fallen by 55% compared to their 2014 highs.

June WTI (West Texas Intermediate) crude oil futures contracts fell 2.5% and closed at $43.65 per barrel yesterday.

The IEA forecast that the global crude oil supply and demand gap would decline to 200,000 bpd in 2H16—compared to 1.5 MMbpd in 1H16.

The Doha meeting was originally scheduled for March 2016. However, due to scheduling difficulties, it had to be postponed, which led to a rise in crude oil price volatility.

Brent crude oil futures rose by 2.1% to $42.83 per barrel and tested their four-month high. Prices rallied ahead of the oil producer meeting in Doha.

Saudi’s deputy crown prince indicated that crude oil is a free market. Saudi Arabia may not be interested in returning to the OPEC mechanism.

US crude oil has been near $40 since March 28. On March 28, 2016, WTI closed at $38.28. It was below the crucial technical support of $38.5.

WTI and Brent crude oil prices fell for the second day in a row due to record US crude oil inventory and profit booking.

Bullish crude oil prices benefit upstream companies like Matador Resources (MTDR), SM Energy (SM), Warren Resources (WRES), and Bonanza Creek Energy (BCEI).

Crude oil supply outages in Iraq and Nigeria have been boosting crude oil prices in March 2016. Supply outages increased by 0.25 MMbpd in March.

RSP Permian recorded 4.6% fiscal 3Q15 capital expenditure growth. It spent $403 million on capex in fiscal 3Q15 compared to $385 million in fiscal 3Q14.

RSP Permian registered the highest revenue rise in fiscal 3Q15. It recorded a 47% rise compared to the previous year’s quarter.

The EIA estimates that natural gas production at the Eagle Ford Shale was 6.83 Bcf per day in October 2015, ~2% below September’s production level.

Among the large rig count movers, the Utica Shale saw two natural gas rig decreases during the week ended November 6.

Among the larger rig movers, one natural gas rig each was idled in the Haynesville and DJ-Niobrara shales during the week ending October 30.

Among the larger rig movers, the DJ-Niobrara Shale and the Marcellus shale lost three rigs each in the week ending October 23.

The Permian Basin and Eagle Ford Shale lost three and two crude oil rigs, respectively, last week. The Haynesville Shale and the Williston Basin also lost one crude oil rig each last week.

The EIA expects crude oil production to slow down at most of the key US shales by November. It expects production to fall at five key shales and rise at two others in October.

The EIA estimates that natural gas production at the Eagle Ford Shale was 7.0 Bcf per day in September. That’s 2% below August’s production level but 6% higher than production a year ago.

Permian shale oil production rose from 845,600 bpd in September 2007 to 2.0 MMbpd in September 2015. That’s a 20% rise over September 2014 and a 135% rise over the past eight years.

Currently, there are 605 working oil rigs in the United States. The Permian Basin accounts for 230 of these rigs, more than any other region.

Currently, there are 644 working oil rigs in the US. The Permian Basin accounts for 250 of these rigs—more than any other region.

The EIA estimates that the natural gas production at the Eagle Ford Shale reached 7.04 Bcf per day in August. That’s 2% below July’s production level.

The Permian shale oil production rose from 834,400 bpd (barrels per day) in August 2007 to 1.98 MMbpd in August 2015. That’s a rise of 137% in eight years.

Currently, there are 652 working oil rigs in the United States. The Permian Basin accounts for 248 of these rigs, more than any other region.

In the 12 months ended September 4, 2015, the number of active oil rigs in the Permian Basin fell by 308, or 55%. However, rig counts seem to be turning around.

The EIA estimates that the Permian Shale’s July crude oil production was ~2.02 MMbpd, only 0.1% higher than June’s production total. However, this is a 24% increase over production in July 2014.

Currently, there are 640 working oil rigs in the US. The Permian Basin has 231 of the rigs. Its oil rig count rose by one in the week ending July 2.

The number of rigs working at Eagle Ford decreased from 137 in April to 121 in May. A year ago, there were 260 drilling rigs in the region.

Permian Basin shale crude oil production amounted to ~2.05 MMbpd in May. This is 0.5% higher than April’s production total and a 29% increase over production in May 2014.

Encana’s (ECA) 1Q15 cash flow from operations was $482 million, or 49% less than the $943 million it recorded in 1Q14.

The Eagle Ford’s April gas production reached 7.5 billion cubic feet per day. That’s about the same as production in March and 20.6% higher than a year ago.

On May 11, the EIA released its Drilling Productivity Report. Permian shale oil production was 1.1% higher than March and 30% more than April.

The EIA will release its weekly natural gas report today. The market estimates that the weekly gas stockpile will increase by 53 Bcf in today’s report.

Matador Resources (MTDR) gained most among its upstream peers last week. Its stock was up by almost 18%.

Barring the two years of one-off non-cash impairment charges, SWN saw its profits grow steadily along with its revenues. Its earnings are up well over 200% between 2007 and 2013. That means SWN’s net profit margin has also remained steady near the ~20% level over the years.