All things pertaining to the leasing, drilling and production of shale gas and oil.
The above graph looks at natural gas prices going back to January 1997.
Natural gas prices have retreated from their Polar Vortex highs and remain relatively low by historical standards.
The prices plotted above are not adjusted for inflation. If they were in 2014 dollars, the left side of the curve would be more elevated. In real dollars, today’s prices are lower…Continue
Posted by Jim McDonnell on October 30, 2014 at 9:30am
With little fanfare, the government of Saudi Arabia has sent the oil market into a tizzy with disclosure that it is willing to live for up to two years with oil prices below $90 a barrel and possibly as low as $80. For many oil market observers, this revelation shocked them as they were convinced, and espoused the view that the Saudis would help coordinate an OPEC production cut in order to support global oil prices in the $100 a barrel range. That view was based…Continue
Posted by Keith Mauck, Publisher on October 21, 2014 at 9:46am
West Texas Intermediate (WTI) oil prices fell below $90 per barrel last week in response to data reflecting weakening economic activity in China and Europe. Recent economic data for the United States has been mixed, but generally it has been more positive than negative. That said, future economic growth is being questioned by the weaker global outlook and the announcement of the first Ebola case in the United…Continue
Posted by Keith Mauck, Publisher on October 8, 2014 at 10:00am
Our trading partner Mike Seery is laying out his bearish view on crude oil. How low can it go?
Crude oil futures in the November contract are down $1.50 a barrel currently trading at 89.53 right near two year lows with extreme choppiness over the last several weeks with many rallies and sell offs as I’ve been sitting on the sidelines but now the trend clearly is to the downside, however the chart structure is terrible at the current time so I am not taking a short at this time,…Continue
Posted by Ray @ The Crude Oil Trader on October 5, 2014 at 10:00am
Posted by Keith Mauck, Publisher on October 8, 2014 at 8:54am
By Keith Mauck
Over the last few years litigation arising from Chesapeake Energy’s royalty practices, has reached a tipping point with a number of new suits being filed in the last year and stretching into new legal theories of liability. The origins of this litigation boom against Chesapeake stems from changes…Continue
Posted by Keith Mauck, Publisher on September 30, 2014 at 9:30am