We’ve previously discussed some of the many factors that influence oil and gas prices – geopolitical events, the value of the dollar, OPEC – all of which are important and from time to time significant. At times, though, in seeking to understand oil and gas prices, we should remember
Continue Reading Oil Prices and Occam’s Razo

drillingThe Energy Information Agency (EIA) announced yesterday that oil production in the nation is expected to drop in November to about 4.43 million barrels a day.  Overall, the EIA expects production declines in both the Eagle Ford Shale of south Texas and the Bakken in North Dakota and Montana of roughly 35,000 and 21,000 barrels per day, respectively.

At the same time, however, analysts are seeing the decline in domestic oil production slowing, with the expectation that it will begin increasing sometime in 2017 and into 2018.
Continue Reading U.S. Shale Oil Production – Different Basins, Different Stories