Permian | AEGIS Hedging Solutions, LLC

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December 11, 2020

Mid-Cush Spread Rallies; AEGIS Trade Volume Spikes

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…

Jay Stevens

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November 6, 2020

Election-Risk Tracker: Biden vs Trump Effect on Energy Industry and Prices

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…

Nick Hillman

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September 4, 2020

Oil and Gas Production Could Grow in 2022 with Moderate Price Increase

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.…

Matt Marshall

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August 13, 2020

US Exports to Mexico Reach Record-Highs; “Wahalajara” System Nears Commercial Operations

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…

Nick Hillman

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August 13, 2020

Will WTI Midland Keep Its Premium to Cushing?

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…

Jay Stevens

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July 31, 2020

Midland Differentials Are Back to Normal, but Some Risk Remains

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…

Matt Marshall

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Blog Natural Gas

July 24, 2020

Kinder Morgan: Early 2021 In-service For Permian Highway Pipeline

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…

Jay Stevens

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July 24, 2020

Cal ‘21 Waha Basis Is Near Its Two-Year Best

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…

Jay Stevens

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Blog Natural Gas

April 24, 2020

Kinder’s Permian Highway Pipeline Has Some Permits Rescinded

AEGIS View: If Permian Highway Pipeline is delayed, takers of Waha basis pricing should look at 1Q2021 hedges. Source article (opens in new tab): Permian Highway Pipeline Hits Roadblock As…

Matt Marshall

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April 21, 2020

Inland Crude Prices Remain Weaker Than Cushing

Spot crude oil prices in the Bakken and Rockies lag behind Cushing, Midland, and Houston. The chart below shows various regional crude prices through April 21. Rockies and Bakken prices…

Matt Marshall

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