Most every speculator either by profession or hunch agrees the oil industry in the second quarter is in for the ride of its life before some semblance of normalcy or “new” normalcy returns. But what’s interesting to see right now is how world populations are responding post-COVID-19. ...
Read More
Folks are getting mighty creative out there with proposed solutions to the oil and refined products storage shortfall. Midstreamers are leasing capacity on their pipelines. Producers are chartering tanker ships. The Strategic Petroleum Reserve has become Hotel Crude. It’s not lost on us that the storage situation has become an acute supply-and-demand offshoot of an acute supply-and-demand crisis. ...
Read More
Landing smack dab in the middle of all this COVID mess comes the year’s first earnings season and few in the oil and gas industry will be spared the wrath of a virus that’s changed virtually everything. But among the cuts, cutbacks, and curtailments we’re now witnessing, reports of our death are greatly exaggerated. ...
Read More
Another wave of acquisitions and divestitures is headed to an oil and gas basin near you. Like we touched on in yesterday’s post, Reese Energy Consulting is talking to several industry folks on both sides of the equation—either exploring the sale of their assets or hound-dogging a sweet deal. ...
Read More
Natural gas prices are poised for a rebound as oil wells are shut in, affecting the supply of rich associated natural gas. That’s at least a flicker of good news for embattled producers in need of a badly needed break. ...
Read More
What might lie ahead for the upstream, midstream and downstream industries during a time of COVID-19, crude oil oversupply and paper-thin storage capacity? Reese Energy Consulting CEO Steve Reese takes questions on this topic and more on this week’s episode of Digital Roughnecks with host Mark Smith. ...
Read More