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US Shale Basins Boast $54/bbl Average Breakeven Price
The average full-cycle breakeven for U.S. shale basins is approximately $54/bbl, while the average for public E&Ps and private operators is $53/bbl and $58/bbl, respectively, Wells Fargo said, citing Rystad Energy data.
Market Watchers: Oil, Gas Demand to Overtake Supply by Year’s End
Dennis Kissler, senior vice president of BOK Financial’s trading division, discusses supply and demand and the gambles ahead for the market.
Marcellus, Permian Add Rigs Despite Commodity Price Volatility
Gas-directed rig activity in key U.S. plays, including the Marcellus Shale and Permian Basin, increased in a big way last week, but analysts expect cuts to the rig count later this year.
Asia Seeking Reliable Gas from US, Australia, Qatar and Beyond
Asia continues to seek affordable, reliable, sustainable energy to assist world emissions targets and “be part of the solution, not part of the problem,” Asia Natural Gas & Energy Association (ANGEA) CEO Paul Everingham told Hart Energy during CERAWeek by S&P Global.
More Top Stories in Markets
US Shale Basins Boast $54/bbl Average Breakeven Price
The average full-cycle breakeven for U.S. shale basins is approximately $54/bbl, while the average for public E&Ps and private operators is $53/bbl and $58/bbl, respectively, Wells Fargo said, citing Rystad Energy data.
March 24, 2023
Oil is Sticking Around, Rystad and WoodMac Say
Rystad Energy and Wood Mackenzie executives said during an AAPG-Energy Opportunities event in Mexico City that oil will still be needed through 2050 and that the energy transition will take time.
March 24, 2023
Oil Slides as US Holds Off Refilling Strategic Reserve
Strong demand expectations from China capped decreases, with Goldman Sachs saying commodities demand was surging in China, the world's biggest oil importer.
March 24, 2023
Market Watchers: Oil, Gas Demand to Overtake Supply by Year’s End
Dennis Kissler, senior vice president of BOK Financial’s trading division, discusses supply and demand and the gambles ahead for the market.
March 23, 2023
Pemex Eyes Slight Uptick in 2024 Production
State-owned Pemex expects liquids production to average 2 MMbbl/d and gas production to average 4.8 Bcf/d in 2024.
March 23, 2023
Marcellus, Permian Add Rigs Despite Commodity Price Volatility
Gas-directed rig activity in key U.S. plays, including the Marcellus Shale and Permian Basin, increased in a big way last week, but analysts expect cuts to the rig count later this year.
March 23, 2023
Asia Seeking Reliable Gas from US, Australia, Qatar and Beyond
Asia continues to seek affordable, reliable, sustainable energy to assist world emissions targets and “be part of the solution, not part of the problem,” Asia Natural Gas & Energy Association (ANGEA) CEO Paul Everingham told Hart Energy during CERAWeek by S&P Global.
March 22, 2023
OPEC+ Likely to Stick to its Guns Despite Price Slump, Delegates Say
OPEC+ plans on sticking to its deal on output cuts of 2 MMbbl/d until the end of the year, even after the banking crisis following the collapse of two U.S. lenders and Switzerland's UBS buying Credit Suisse.
March 22, 2023
IRA Tax Credits Will Drive Higher LNG Exports, EIA Says
In its annual outlook, the EIA forecast a scenario in which prevalent use of Inflation Reduction Act (IRA) tax credits will bolster LNG exports.
March 22, 2023
![CEO Richard Dealy: Pioneer Gears Up to Test Permian’s Woodford, Barnett Zones [WATCH]](/sites/default/files/styles/featurable_list_image/public/image/2023/03/ceo-richard-dealy-pioneer-gears-test-permians-woodford-barnett-zones-watch.jpg?itok=5IoUSKPx)
COO Richard Dealy: Pioneer Gears Up to Test Permian’s Woodford, Barnett Zones [WATCH]
Pioneer Natural Resources President and COO Richard Dealy discusses what's on tap for its Permian Basin, including electrification of fields, production growth, "decades of inventory" and wind turbines.
March 21, 2023