Discover and read the best of Twitter Threads about #PERMIAN
Most recents (10)
@EU_Commission It's #Climate - The #FourSeasons nothing else.
#CO2 0.04% #carbondioxide, have never affected the earth's #Temperature, at least since 600 million years. #Atmosphere of Earth
en.wikipedia.org/wiki/Atmospher…
#CO2 0.04% #carbondioxide, have never affected the earth's #Temperature, at least since 600 million years. #Atmosphere of Earth
en.wikipedia.org/wiki/Atmospher…
@EU_Commission Global #Temperature and Atmospheric #CO2 over Geologic Time - Late #Carboniferous to Early #Permian time (315-270 M yrs ago) is the only time period in the last 600 million years when both atmospheric #CO2 and #temperatures were as LOW as they are today
@EU_Commission #PragerUniversity is a 5013 non-profit conservative digital media organization. PragerU@prageru:
- What They Haven't Told You about #ClimateChange
- #Climate - The only constant is change
- What They Haven't Told You about #ClimateChange
- #Climate - The only constant is change
The EIA released its Annual Energy Outlook
Here's 15 forecasts that went right and wrong over the past decade - a thread #oott #oil #natgas #renewables
Oil Demand: In 2011, oil demand was forecast to be 19.1 Mbbls/d by 2022 (actual: 17.7 Mbbls/d)
Here's 15 forecasts that went right and wrong over the past decade - a thread #oott #oil #natgas #renewables
Oil Demand: In 2011, oil demand was forecast to be 19.1 Mbbls/d by 2022 (actual: 17.7 Mbbls/d)
Part of the energy revisions reflect changes to U.S. population growth (which has been revised down 6% since the 2018 - the first year with forecasts out to 2050). By 2050, U.S. population is expected now at 370 mln vs. 395 mln people previously.
EIA came out with their Short Term Energy Outlook
- These are the largest revisions in key data points impacting oil markets today. Although many of the adjustments are small, it shows the directional bias the EIA sees with its forecast models - a thread
#oott #oilandgas #WTI
- These are the largest revisions in key data points impacting oil markets today. Although many of the adjustments are small, it shows the directional bias the EIA sees with its forecast models - a thread
#oott #oilandgas #WTI
With China showing more signs of opening, oil demand was revised up 1% (160 mb/d). Is there more oil demand revisions to come? Possibly. Expected crude demand in 2023 is still only up 5% to 15.8 mln b/d (from 14.4 mln b/d in 2020) #oott
U.S. oil production in 2024 was lowered 1.4% (150 mb/d) - with much of this oil supply decline near the back-end of the year. As earning season progresses (and capex budgets are revised), we may see more estimate revisions to come #crude #permian #eagleford #midland #bakken
Good evening,
I’m sharing one of my NAV modeling (cashflow) results.🧵
Company: Permian Resource Corporation
Sector: O&G
Ticker: $PR (NYSE)
Current SP: $9.04
My Estimated NAV: $18.06
Peers: $SM $CPE $CTRA $DVN $FANG $MTDR $PDCE
*Not investment advice*
#WTI #Brent #Permian #POM
I’m sharing one of my NAV modeling (cashflow) results.🧵
Company: Permian Resource Corporation
Sector: O&G
Ticker: $PR (NYSE)
Current SP: $9.04
My Estimated NAV: $18.06
Peers: $SM $CPE $CTRA $DVN $FANG $MTDR $PDCE
*Not investment advice*
#WTI #Brent #Permian #POM
Production/Decline Assumptions
Observed production composition from FY 2021
Thread: General comments & forecasts for the global oil market in 2022. Constructive comments are welcome. If comments don't fit your books, just ignore them.
1-13 The oil market will be tighter than forecasts, especially relative to OPEC’s forecast. No major inventory build.
1-13 The oil market will be tighter than forecasts, especially relative to OPEC’s forecast. No major inventory build.
2- The biggest surprise might come from increased demand for oil in the oil-producing countries themselves. That is a double-edged sword; BULLISH.
On the other side, if #COVID19 & its varients come back with vengeance: lockdowns, inventory build, etc.. OPEC+ is expected to react
On the other side, if #COVID19 & its varients come back with vengeance: lockdowns, inventory build, etc.. OPEC+ is expected to react
"As we move into 2022, we are still seeing excess oil supply and varying demand recovery profiles across the globe. As such, we remain committed to capital discipline and our plan to return excess Free Cash Flow ...
...to our stockholders. By keeping our oil production flat in 2022, we expect to be in a position to maximize Free Cash Flow, grow our dividend, further pay down debt and overall return more capital to stockholders.”
1/11 on DUCs:
Common view suggests that, even without higher rig counts, lower 48 production of 8.5 mb/d can grow this year by running down drilled but uncompleted wells - or DUCs - inventories of more than 8,000 wells.
#oott
Common view suggests that, even without higher rig counts, lower 48 production of 8.5 mb/d can grow this year by running down drilled but uncompleted wells - or DUCs - inventories of more than 8,000 wells.
#oott
2/11 What are DUCs?
DUCs are the result of modern division of labour. A baseload inventory of DUCs therefore will always be present due to the scheduling of proppants, water, frac crews and other requirements.
DUCs are the result of modern division of labour. A baseload inventory of DUCs therefore will always be present due to the scheduling of proppants, water, frac crews and other requirements.
3/11 More DUCs?
Recently, the ratio of DUC wells to completions has been rising. Producers build DUC inventories in low price environments—such as the weak Midland price environment of H2 18 related to pipeline constraints—and complete them at more attractive prices later. #oott
Recently, the ratio of DUC wells to completions has been rising. Producers build DUC inventories in low price environments—such as the weak Midland price environment of H2 18 related to pipeline constraints—and complete them at more attractive prices later. #oott
1/13 On oil & oil equity prices:
So why does oil and oil equities underperform the S&P and NASDAQ in 2019 by a wide margin? #OOTT #brent #WTI #oilprice
So why does oil and oil equities underperform the S&P and NASDAQ in 2019 by a wide margin? #OOTT #brent #WTI #oilprice
2/13 As shown by Crescat Capital, this is a growth/ETF/momentum market which left commodities at 50 year relative historical lows! @crescatkevin @TaviCosta
3/13 So how do oil prices format?
Short term, spot prices #trade around inventory levels.
However, it is hard for #Brent and oil equities to go up on declining inventories while demand/macro weakens (macro outlook uncertain). #OOTT #WTI @HFI_Research
Short term, spot prices #trade around inventory levels.
However, it is hard for #Brent and oil equities to go up on declining inventories while demand/macro weakens (macro outlook uncertain). #OOTT #WTI @HFI_Research
Thread: Trump Chooses David Bernhardt, a Former Oil Lobbyist, to Head the Interior Dept. “Bernhardt was top interior official in the George W. Bush administration, went on to work for some of the country’s largest oil and gas companies. #climatechange
nyti.ms/2UEp9B6?smid=n…
nyti.ms/2UEp9B6?smid=n…
“As a partner in the law firm Brownstein Hyatt Farber Schreck, he lobbied for the oil companies Cobalt International Energy and Samson Resources. His legal clients have included the Independent Petroleum Association of America and Halliburton Energy Services.
“If confirmed, Mr. Bernhardt will lead a sprawling department that oversees the nation’s nearly 500 million acres of public land, including vast national monuments and protected wilderness areas. #conservation
Thread
Comments by Paal Kibsgaard, Schlumberger Chairman & CEO
1- "Still, the well-established market consensus that the #Permian can continue to provide 1.5 million barrels per day of annual production growth for the foreseeable future is now starting to be called into question"
Comments by Paal Kibsgaard, Schlumberger Chairman & CEO
1- "Still, the well-established market consensus that the #Permian can continue to provide 1.5 million barrels per day of annual production growth for the foreseeable future is now starting to be called into question"
2- "In fact, so far in the third quarter, the hydraulic fracturing market has already softened significantly more than we expected in spite of the overall rig count holding up relatively well."
3- "Still, what is already clear is that unit well performance, normalized for lateral length and pounds of proppant pumped, is dropping in the Eagle Ford as the percentage of child wells continues to increase."
#Oil #Permian #EagleFord #shale
#Oil #Permian #EagleFord #shale
