MIDSTREAM & MORE:
Tulsa Heaters Midstream is focused on providing useful and informative content to our customers, suppliers, and anyone else that wants to follow along. Each Wednesday, we will post links to interesting articles from around the web relating to the midstream oil and gas industry and more. Posts could include articles that talk about one or more aspects of the industry, including:
- State of oil and gas industry/pricing
- Oil and gas companies and their businesses
- Major news releases
- Gas processing plants
- Pipeline/infrastructure projects
- Many others
WEDNESDAY, FEBRUARY 17, 2016:
The big news in oil this last week was the production 'freeze' agreed to by Saudi Arabia, Russia, Qatar, and Venezuela. While the market price for oil saw a temporary increase, it settled back down some after further analysis of what the agreement details include. The overwhelming consensus is that if Saudi and Venezuela can convince Iraq and Iran to play along with this deal, the agreement may help oil - at least in the short term. A couple of interesting articles on the agreement and a few different takes on what implications it could have.
- OPEC Production Cut Unlikely (this was written before the production 'freeze' announcement, but has some good facts and figures)
- Four Oil Exporting Nations Agree to 'Freeze' Production (includes an interesting take on what this could mean for US companies)
- Analysis: Production Freeze Clouded by Conditions, History
This last week we talked about the struggle going on at Chesapeake Energy and other midstream oil and gas players, including some of the "zombie" oil companies currently out there. One article this week asks - would a Chesapeake bankruptcy be a good thing for natural gas pricing?! Another provides more details around the "zombie" oil companies and the current state for several of them.
- Would a Chesapeake Bankruptcy Boost Natural Gas Prices
- Zombie Oil Companies Could Hit Banks with $20 Billion in Loan Losses
Another week, more articles touching on potential future for natural gas and oil.
- US Shale Oil Output to Double by 2035
- Initial Production Rates in Tight Oil Formations Continue to Rise (confirming the belief that better technology is driving better efficiencies)
Tune in next week (same bat time, same bat channel) to see what else we have dug up from across the web.
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Legal note: The views expressed in the linked content does not reflect the views of THM or its employees.