By Paul Sankey
Published on February 11, 2022 at 10:50 AM
Hi I am just checking in to assure you I survived the Houston NAPE conference, landmen and all, but am still on the road, headed to New Orleans. This week has been discombobulated – my initial flight on Tuesday was cancelled by United, I rushed to Newark, made the 2pm, just made dinner in Houston, made the NAPE conference yesterday, made dinner with a Nebraska CEO, went to the after party rave and here I […]
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By Paul Sankey
Published on December 22, 2021 at 3:58 PM
One of the great conundrums of oil is decline rate One of the unconsidered factors is oil field SERVICE decline rates of 20% per annum Oil field inflation is colliding with US E&P capital discipline US production growth next year over/under is just +500kb/d with downside We spoke to ProPetro $PUMP and others around our recent trip to Midland, the core of the Permian. Adding US production volumes over 2022 is going to be a […]
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By Paul Sankey
Published on November 2, 2021 at 9:22 AM
There was a funny Tweet about Joe Biden’s shut-eye at COP26 yesterday: “It’s not nodding off if you say “Amen” when you open your eyes again”. Two major developments caught our attention yesterday. First, Canadian PM Trudeau promises to reduce emissions from the oil & gas sector to net-zero by 2050. Second, with major implications for the US E&P industry, the WSJ reports that the EPA is greatly increasing its methane limits, a move which […]
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