Insider Secrets

Insider Secrets

Learn how the PROs are making money from the oil and energy market.

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Energy / Crude Oil

Articles and research looking into crude oil, whether it be exploration and refining - crude oil price movements or new crude oil extraction techniques. we have it covered here. Look at our energy section for more fossil fuel coverage.

  • An Unusual Potential Ally In The U.S. Shale Boom

    The shale boom that made the U.S. the world’s largest producer of oil and gas is about to come to halt as the U.S. shale sector is witnessing a series of defaults due to rising driller debts and expiring hedges.The collapse in oil prices has further added to the miseries of U.S. shale industry. In these difficult and testing times, there is something that might just give a breather to the U.S. shale industry and may even prolong the shale boom, and the innovation comes not from the field of engineering, but from microbiology.There are microbes that are believed to…

  • US Oil Production Finally Starting to Decline

      (Click to enlarge) The Monthly Energy Review and the Petroleum Supply Monthly have US production peaking, so far, in March and April. The Petroleum Supply Weekly has US production peaking in June. In the chart above I have averaged the Petroleum Supply Weekly into monthly data. All data is in thousand barrels per day. Related: EIA Capitulates Under Cover Of Darkness(Click to enlarge)Here we have the weekly data from the Petroleum Supply Weekly. The last data point is July 24th. The huge jumps you see are basically just revisions. The huge jump you see for the week of May 22nd,…

  • Against All Odds Resource Investment Is At Record Highs

    Many investors will be shocked at a new report this week. Showing that investment in the downtrodden natural resources sector is actually hitting record highs right now. Research firm Preqin, as covered by Law360, reported that resource-focused private equity funds have raised an incredible $28 billion so far in 2015. That lofty figure puts resource investors on pace to eclipse -- and likely crush -- the $30 billion that was raised during full-year 2013. Which currently stands as the highest-ever year for natural resource investment. Related: EIA Capitulates Under Cover Of Darkness The interesting thing is that this massive pool of…

  • US Shale: How Smoke And Mirrors Could Cost Investors Millions

    In this post I present what I found from applying R/P (Reserves divided by [annual] Production) ratios for Light Tight Oil (LTO) for 3 big companies in Bakken/Three Forks/Sanish. The companies are; Continental Resources, Oasis Petroleum and Whiting Petroleum, which operated 28% of total LTO extraction in the Bakken (ND) in December 2014. • Undertaking oil and gas reserves assessments are just as much an art as a science. From previous work with LTO from Bakken I kept track of the R/P ratio for wells/portfolios and generally found it was in the range of 3 – 4 after their first…

  • Firm OPEC And U.S Production Keep Hopes For Higher Oil Prices Down

    The US oil directed rig count was up 31 for the month of July and WTI is down about $11 for the month at time of writing. Global total liquids production was up 540,000 bpd in June. The production momentum built in recent years is proving very difficult to switch off. Amongst other things, an inventory of over a thousand wells drilled but uncompleted in the US shale oil patch will continue to be switched on for several months to come. The IEA sees global oil stocks rising at 3.3 Mbpd in 2Q 2015, that is close to 100 Mbbls…

  • Some Undeniable Value In The Oil Space Right Now

    A lot to talk about in the oil sector space as many mavens weighed in this week on oil, while the energy sector experienced what I would call a 'flash rally.' As we near the one-year anniversary of the 'shale bust', it's time to chart a course for the next several months. First, we had the Mad Money interview of Core Labs CEO David Demshur, in essence calling a bottom for oil, but in the most 'geology-prone' way the CEO of a geology engineering company could – he cited the severe front-loaded nature of shale wells and saw incipient production…

  • Earnings Season Yielding Surprising Opportunities

    Now that we are over half way through earnings season for companies here in the U.S., there is an interesting trend developing amongst the hard hit energy companies. That trend is not so much in earnings figures, which are obviously abysmal on a year to year basis, but on costs. Some cost-cutting in the industry, and particularly amongst E&P companies, was inevitable and probably essential. What is interesting though is that in many cases cost-cutting has been achieved without cutting production. In fact is some cases, such as Concho Resources (CXO), production is growing at an amazing rate, even as…

  • What You Need To Know About The Alberta Bakken

    Introduction Everyone has heard of the Bakken. The Bakken is the reason why North Dakota has emerged as the second largest oil producing state in the U.S., jumping from just 310,000 barrels per day in 2010 to nearly 1.1 million barrels per day in 2014. Upstream oil and gas companies have flocked to the Bakken, gobbling up acreage and drilling at a torrid pace in order to cash in on the basin. Drilling has certainly slowed down as oil prices have collapsed, but the Bakken still has long-term potential. Companies are putting much of their plans on hold, but will…

  • Former Exxon President On Mission To Clean Up Oil Sands

    Canada has given oil sands a dirty reputation, but a breakthrough, commercially viable technology has caught the eye of a former Exxon Mobil president who is putting it to use to clean up Utah’s billions of barrels of oil sands. Imagine extracting high-quality oil out of the estimated 32 billion barrels buried in Utah’s oil sands, without creating the toxic wastelands that have resulted from oil sands projects in Western Canada. And imagine doing it at a cost that can still turn a profit in today’s oil price slump. That would be highly enticing to some of the large operators…

  • Bad Second Quarter Has Oil Majors Restructuring

    The second quarter was not kind to some of the oil majors. Royal Dutch Shell revealed that its quarterly profits dropped by 33 percent compared to the same quarter a year ago. Its upstream unit fared worse, with revenues down almost 80 percent year-on-year. Its output also declined by 11 percent as its multiyear divestment program took its toll. Shell’s CEO said that the company was preparing for a prolonged downturn, and that it would slash another 6,500 jobs to trim down the company’s costs. The company will also slash capital expenditures by 20 percent. Its peers also had posted…

Martin tiller