Energy Market Commentary // Oil

E&P Bankruptcy to Slow US Production?

October 10, 2019 |
Bankruptcy continues to plague the oil and gas patch. EP Energy became the latest victim to low prices and filed for chapter 11 protection late last week.  According to Haynes and Boone, over 30 North American companies have declared...
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Permian Independents Walk a Tightrope

August 27, 2019 |
In the Permian Basin, several new infrastructure projects have recently entered service or are expected to start throughout the next year. On the oil side, Cactus II and EPIC have started up in recent weeks, and on the gas...
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West Texas Sour (WTS) Price Drivers

July 30, 2019 |
West Texas Sour (WTS) in the Permian has been trading at a premium of $0.16/bbl YTD 2019 to its lighter counterpart, WTI Midland. This is a reversal of standard relationships between light sweet crude and intermediate sour crude which...
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Canadian Curtailments and Crude by Rail

June 20, 2019 |
On Tuesday, the Trans Mountain pipeline expansion, a pipeline project that would carry an additional 590 Mb/d of crude oil from Edmonton, Alberta to Burnaby, British Columbia, outside of Vancouver, was approved by the Canadian federal government. Once completed,...
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