• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 5 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 6 days America should go after China but it should be done in a wise way.
  • 3 hours Even Shell Agrees with Climate Change!
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 2 days World could get rid of Putin and Russia but nobody is bold enough
  • 3 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

Breaking News:

OPEC Lifts Production in February

Editorial Dept

Editorial Dept

More Info

Premium Content

Investors Are Scrambling To Get Into This Crucial Metal

Friday January 3, 2020

In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.

Let’s take a look.

1. Shale wells produce less than expected

• The Wall Street Journal reported that thousands of shale wells are producing less oil and gas than many companies predicted.
• A year ago, the WSJ found that wells from 29 of the largest shale companies are on track to produce 10 percent less oil and gas over their lifetimes than those companies initially predicted. In the waning days of 2019, WSJ updated that conclusion, finding that those wells are on track to produce 15 percent less than expected.
• Whiting Petroleum (NYSE: WLL), for example, told investors in 2015 that its wells drilled in North Dakota would each produce 700,000 barrels of oil and gas over their lifetimes. Based on 2019 data from Rystad Energy, the WSJ found that Whiting’s wells were on track to produce about 590,000 bpd. The most updated data puts that figure at just 540,000 bpd.
• Shale wells are declining faster than expected, and it appears to be an industry-wide problem.

2. Investors flock to platinum

• Investors poured $850 million into ETFs tracking platinum in 2019, the largest annual inflow, according to Bloomberg.
•…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News