NEWS  STUFF      

Shale Forecasts Run the Gamut
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COULD WE SEE $2 GAS IN EUROPE IN 2020?
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RECENT POST STUFF

The Fixer

December 11, 2019

Thrust Fault, Reverse Fault ...OPEC'S Fault?

December 8, 2019

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CHART  STUFF

According to a survey of upstream E&P's taken by the law firm, Haynes & Boone in September, only 28% of next years drilling budgets will be based on cash 
flow from operations, the rest from debt, dilution of equity, sale of assets and other creative financing. That 28%, by the way, was based on oil
prices being $56 in 2020; we'll see what happens to growth if prices fall in 2020.

QUOTE STUFF

"The danger for the cartel is that if the cuts work too well – if they raise prices too high – U.S. shale could bounce back, potentially increasing the pace of drilling and threatening another wave of supply. Then, OPEC+ might need to extend the cuts again." Nick Cunningham, Oilprice.com 

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I'm busy working on my blog posts. Watch this space!

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