The industry’s ‘we’ve got this’ mentality shifts to survival mode as it tackles an enormous body of uncertainty-infused challenges, including prices, demand, storage, upended deals and layoffs.
Even with very high day rates, the oil market contango means that floating storage makes economic sense.
The gloomy forecast will falter if COVID-19 passes quickly and the global economy recovers its appetite for hydrocarbons.
Culture shifts as result of at-home workforce experience, staffing cuts and ESG priorities.
NGL price collapse deprives oil and gas producers who leaned on associated liquids when crude struggled.
Aftershocks of Market Meltdown Monday continue, with collapsing oil prices dragging down NGL and complicating export markets.
Those that are well-hedged and well-capitalized will have less trouble getting through 2020, says Bernadette Johnson of Enverus.
These four midstream companies have captured analysts’ favor by heeding investor demands to generate free cash flow.
Hypothetical barrel tumbles to four-year low with tightly squeezed margins.
A wounded oil and gas industry enjoys better numbers the day after prices plummeted, but steep debt will likely bring about a wave of M&A, bankruptcies and litigation.
