Macro/Headlines/Events BKR U.S. Land Rig Count: Declined 10 rigs this week with rig count now below 700 rigs for the first time since May 2022. Stepping back and looking at the decline relative to the Q4 peak, the biggest percentage decline has occurred…
Macro/Headlines/Events: Baker Hughes U.S. onshore rig count +5 last week from 727 to 732. WSJ- America’s Oil Patch Loses Its Luster- Link WSJ- Billionaires are betting on fusion technology as a source of almost limitless energy Link FT- US renewables industry joins…
Macro/Headlines/Events Exciting Monday as OPEC surprises the energy world with 1MM BBL/day cut to production and a nice size M&A transaction in the market. BB- Ovintiv to Buy EnCap Permian Oil and Gas Assets for $4.3B ($3.1B cash and 32.6MM shares) Deal…
Macro/Headlines/Events BKR U.S. Onshore Rig Count +3 rigs w/w to 739 rigs. WSJ-How Options-Hedging Turbocharged Oil Volatility- Link WSJ- The House GOP Moves on Energy Link FT- Italy’s shift away from Russian gas clashes with its climate targets- Link Bloomberg- Energy Transfer…
Macro/Headlines/Events Baker Hughes Rig Count- The U.S. onshore rig count was down 1 rig w/w to 731. WSJ- Clean and Cheap Oil Is a Heavy Lift- Link FT- The rare earths race entails difficult choices- Link WSJ- Biden Declares U.S. Arctic Ocean…
Macro/Headlines/Events Baker Hughes Rig Count down 2 rigs w/w to 734. February was down 22 rigs month/month. Source: DEP/Baker Hughes WSJ- Energy Industry Wrestles Over Going Green Too Fast- Link WSJ- How Gas From Texas Becomes Cooking Fuel in…
Macro/Headlines/Events BKR Rig Count- US onshore rig count was down 4 last week from 745 to 741. You have heard us say this before, Europe was the tip of the spear 10 years ago on ESG, solar, wind, and all things green…
Macro/Headlines/Events Baker Hughes U.S. onshore rig count was down 11 rigs last week to 745. FT-Breakdown of gas storage talks leaves UK exposed to price surges, say experts Link WSJ-Oil Industry’s Windfall Fails to Excite Wall Street Link WSJ-Caribbean Seeks Venezuela’s Oil…