Archive // Crude Oil

Recent E&P Acquisitions Point to Rapidly Declining Acreage Values

November 20, 2019 | Matt Hagerty

Independent E&Ps are being increasingly pressured by investors to live within their means and generate positive free cash flow. However, given the low commodity pricing environment, some operators may not yet be in a position to do so. With...
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Few Large Permian Operators to See Lasting Impacts of Tight Well Spacing

October 16, 2019 | Matt Hagerty

Earlier this month, an Energy Market Commentary analyzed how many operators rapidly downspaced horizontal drilling activity in 2017, with the hopes of expanding the potential drillable locations within their finite acreage. For some operators, tighter Permian well spacing resulted...
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Crude Demand Growth Expectations Move Lower

August 13, 2019 | Anna Lenzmeier

Both US and international crude oil prices have been on a downward slide in the past few months amid trade tensions between the United States and China. Both WTI and Brent spot prices have swung following updates to trade...
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SB-181 Driving Regulatory Uncertainty for DJ Basin

March 14, 2019 | Matt Hagerty

As Proposition 112 gained steam in Colorado last fall ahead of the November election, BTU Analytics highlighted the changing political landscape in the state. Voters soundly rejected the ballot item. However despite 55% of voters deciding against the measure,...
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Rising Tides: How Does Increased Hedging Affect Crude Cash Flow?

October 2, 2018 | Matt Hagerty

A rising tide lifts all boats. This is true in the case of US public E&Ps, where rising WTI prices have contributed to the SPDR Oil and Gas E&P ETF outperforming the overall S&P index by six percentage points...
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Seahorse Pipeline and Cushing to Gulf Coast Spreads

August 17, 2018 | Anna Lenzmeier

Tallgrass Energy announced an open season on August 15, 2018, to solicit shipper commitments to construct the Seahorse Pipeline, a new 800 Mb/d crude pipeline from Cushing to St. James. Cushing spreads to the Gulf Coast have been highly...
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DJ Basin: Is the Future Setback?

July 17, 2018 | Matt Hagerty

Over the past few years as the importance of shale hydrocarbons in the US has risen, a number of state and local governments have attempted to increase their involvement in oversight of US hydrocarbon development. Examples across the US...
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