Natural gas prices in the Permian basin have continued to improve as demand markets in Texas and on the West Coast compete for molecules. Waha basis for Summer 2021 moved…
Oil prices in Midland, Texas have been outpacing the rise of WTI at Cushing, Oklahoma, since early November. The WTI Midland-WTI Cushing spread (Mid-Cush) has surged 80c in the last…
Donald Trump and Joe Biden, the presumed presidential nominees, have remarkably different stances toward energy production and consumption, and the role of government in those trends. We identify issues that…
Gas production could rebound if WTI reaches $50, but not right away. Both U.S. gas production and U.S. oil production could see little change in 2021 at current forward prices.…
U.S. exports to Mexico have touched record highs multiple times over the last 30 days, as flows through the West Texas corridor have been buoyed by the completion of pipelines…
Midland light-sweet oil prices have recently traded near parity with those at Cushing. This follows the peak pandemic-induced demand crash back in April that turned many price spreads on their…
Our models predict a small premium to Cushing, but only if bottlenecks don’t emerge. After a shake-up this spring, Midland’s price differential to Cushing (Mid-Cush) is back to its pre-March…
The pipeline builder said it expects PHP to be fully in service in early 2021, despite permitting delays and the current pandemic environment. The Permian Highway Pipeline (PHP) will add another…
Natural Gas prices in the Permian basin for Cal ‘21 have rallied substantially as gas production in the region has slumped. Time to take a look at adding hedges for…
Two measures of industry activity show that there are fewer wells being drilled and much fewer wells being completed now versus earlier this year and a year ago. The chart…