Oil Price Crashes to Record Low
“Classic supply and demand imbalance.” “Perfect storm.” “Insane.” That’s how government and oil industry officials described the historic collapse of crude oil prices this week....
Exploration & Production
Crude Production Cuts in the US Too Slow to Support the Price as Storage Runs Out by Mid-May
Following the historic fall of the West Texas Intermediate (WTI) futures price for May delivery into negative territory, going as low as negative US$37.6 per...
Oil’s Strategic Value Invites Government Intervention
“Oil ain’t pork bellies.” That was a comment made during the debate in the early 1980s regarding the decline in crude oil prices and the...
TIPRO Reaction to Railroad Commission Proration Hearing
Austin, Texas – Today, the Railroad Commission of Texas will conduct an open meeting to discuss a motion to determine reasonable market demand for oil...
Pemex in No Position to Maintain Output Profitably Regardless of OPEC+ Requests
Following today’s news (Friday 10 April) that the OPEC+ agreement, which will cut production by ten million barrels, is contingent on Mexico’s consent to also...
No Easy Solutions to Petroleum Issues
The economic chaos facing the oil and natural gas industry in the United States is real and it is coming fast like a runaway locomotive...
Over US$50bn in Capital Expenditure Cuts Announced as Oil and Gas Companies Grapple with COVID-19 and Oil Price War
As the oil and gas sector comes to terms with decade-low oil prices and global disruptions caused by the coronavirus (COVID-19), company costs and investments...
TIPRO Partners With New Texas Methane & Flaring Coalition (TMFC)
Austin, Texas – The Texas Independent Producers & Royalty Owners Association (TIPRO) is a proud partner of the Texas Methane & Flaring Coalition (TMFC), a collaboration...
Global Gas Flaring Value Approaches US$24bn a Year if Priced at European Prices
Ten countries produced 80% of all flared gas, and their forgone revenue from failing to monetize the gas constituted over US$19bn in 2019, according to...
Permian Production Already a Victim of Oil Price War
Following the announcement that several key operators in the Permian Basin are significantly reducing capex or production in their positions as a result of the...