Resolute Energy Corp

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%.

The EIA (U.S. Energy Information Administration) estimates that US crude oil output rose by 100,000 bpd (barrels per day) to 11,000,000 bpd last week, a record high.

The US Dollar Index fell ~0.38% to ~94.67 on July 3, while August WTI oil futures contracts rose 0.3% to $74.14 per barrel that same day.

Market intelligence company Pointlogic estimates that US natural gas consumption fell ~0.9% to 57.3 Bcf (billion cubic feet) per day from June 7 to June 13.

PointLogic estimates that US natural gas consumption rose ~2.1% to 57.8 Bcf (billion cubic feet) per day from May 31 to June 6.

Reuters surveys estimate that Iran’s crude oil production decreased by 20,000 bpd to 3.80 MMbpd in May—compared to the previous month.

Libya plans to increase its crude oil production in 2018 despite ongoing production cuts mandated by OPEC.

The EIA estimates that Libya’s crude oil production increased by 20,000 bpd to 1,005,000 bpd in April—compared to the previous month.

In the week starting November 20, 2017, Tellurian (TELL) rose from last week’s close of $11.73 to $12.66 on November 22, an increase of almost 8%.

So far this week (as of Tuesday, November 14), Energy XXI Gulf Coast (EXXI) has fallen from last week’s close of $8.83 to $5.49—a significant fall of ~38%.

The US GDP growth outlook is near its potential at ~3%, with increased investment in infrastructure.