The United States had 1,047 drilling rigs in operation at the end of last week. Texas ended last week with a total of 508 drilling rigs in operation. The Texas Railroad Commission issued 207 drilling permits last week to bring the 10-week rolling average to 277. Natural gas prices gained $0.07 to end the week […]
The United States had 1,045 drilling rigs in operation running at the end of last week. The State of Texas ended last week with 514 drilling rigs in operation. The Texas Railroad Commission issued 357 drilling permits last week to bring the 10-week rolling average to 292. Natural gas prices averaged $2.85 mmbtu last week […]
As we move into the Fall, a time of year that normally means lower natural gas demand, something unusual is happening: natural gas prices are spiking. Despite record production levels, the U.S. is heading into the Winter with natural stockpiles at their lowest level in at least a decade. At the same time, a hotter-than-usual […]
Oil prices have been on the rebound lately. Earlier this month, prices for West Texas Intermediate (WTI) dipped just below $60, but as of today the price is hovering at a strong $63.50. Brent Crude is just above $67.00 which is just below our high for the past year! This is great news, but it […]
Trying to predict oil prices has become an interesting topic for coffee table chats. Having said that, I’ll weigh in with my analysis, and then I’ll tell you why. Feel free to disagree – you may have a more solid rationale for a different forecast. Based on market dynamics, I think oil prices will stay […]
The price of the gasoline at the pump has mostly to do with supply and demand. Going back to our school days, we learned that if supply increases more than demand, the price of the commodity (oil and gas) will decrease. Inversely, the price will increase when supplies are less than demand. For former, has […]
