Hurry up n’ wait

Baker Hughes

Letter from the Publisher

The price of oil has been like a bad business partner who’s been on vacation all year. At 10 year lows a lot of people are worried and hopeful we’ve seen the bottom. I’ve literally listened to 100 financial experts explain where the price is going and when. Regardless of which opinion you listen to there’s always a caveat and we all know it: supply. If OPEC throttles back on their daily production.. If our domestic refineries finally start to dry up.. If demand grows faster than expected.. If there’s a major terrorist attack or world event.. There’s a never-ending amount of scenarios that could affect supply. However it plays out, we won’t start a recovery until we see the supply line drop below the demand line. As soon as that chart turns over we’ll see higher prices quickly. The next big date is the OPEC meeting in February. Their last meeting ended in turmoil with everyone essentially taking their ball and going home. Best case scenario is clear guidance and an honest, transparent ceiling on their daily production ability. Too much?

Author Profile
LukeM
Oilman Magazine
Qatar
ADIPEC


Q&A with Jason Spiess: Dean Bresciani


Hurry up n’ wait


FERC Says 22 LNG Export Projects Pending, Permitting Grows ‘More Challenging’


Foggy Morning Procession Towards the Drilling Site… 1950s


TransCanada Reviewing Options Following Denial of Keystone XL Permit


New Governor Must Address Tort Reform


Refiners Profit from Oversupply of Crude Oil


Sanchez Eagle Ford Acquisition ‘Cornerstone’ of Midstream Business; Value Hindered by Market


Working the Tongs, West Texas – 1930s


Energy Scene with Jason Spiess


Jumping Off a Drilling Platform Into the Deep Blue Sea


Railroad Commission Chairman Will Not Seek Re-Election


New Law to Improve Safe Transportation of Fuels


Oilman Cartoon – January/February 2016


Innovation in the Face of a Tough Market: It’s Time to Attend a Trade Show


Oklahoma-based Devon Energy Announces Plans for Layoffs Amid Energy Downturn


Lifting Export Ban Could Make Gulf Coast ‘Epicenter for Hydrocarbon Trading,’ Study Says


Terror Risk Will Be Growing Issue for Oil Markets, IHS Says


No Known Timeline on Improvements to OK Seismic Activity Following Mitigation Efforts


Sabine Pass Seeks Authority to Build LNG Loading Facilities


Oklahoma Residents Want EPA Control Over Oil and Gas Disposal Wells


Congress Agrees to Lift Oil Export Ban Under US Spending Bill


Chinese Buy Texas Oil Fields


New Louisiana Attorney General Brings O&G Background to Job


Aresco Steps Up as Funding Source for Wells in Tuscsaloosa Marine Shale


Forecasting the Price of Oil


Gov. Fallin Forms Fact-Finding Group for Reuse of Produced Water


Texas Comptroller Revises Budget after Oil and Gas Prices Decline

E-Fuels
Expo