Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-07-05 18:10:00

U.S. NEED MONEY

U.S. NEED MONEY

 

USA OIL PRODUCTION 2008 - 2016

 

USA OIL PRODUCTION 2014 - 2017

 

USA ECONOMY DEBT 1790 - 2040

 

USA OIL PRICE RIG COUNT 2014 - 2017

 

According to FT, bond sales by US independent oil and gas companies have fallen to their slowest rate for more than a decade, in a warning sign of financing constraints that could hold back the industry's recovery.

US exploration and production companies sold just $280m of bonds in the second quarter, making it a slower period than any during the financial crisis of 2008-09, according to data provider Dealogic.

New bank lending via syndicated loans also fell to $10.7bn, making it the weakest quarter since the start of 2014.

The rebound in oil prices since February has encouraged rising optimism among the exploration and production companies that led the US shale boom. In a recent survey from the Federal Reserve Bank of Dallas, 48 per cent of E&Ps in and around Texas said their business outlook had improved in the past three months, and only 14 per cent said it had deteriorated

Some companies have been bringing into production wells that were drilled earlier but left uncompleted, and others have started to step up drilling activity.

The number of rigs running in the US to drill the horizontal wells used for shale oil production has been rising since May. At 272 last week it was at its highest level since early April, according to Baker Hughes, the oilfield services company.

Other companies have said they will add more rigs if oil prices remain at about $50 a barrel, raising the prospect that the decline in US oil production under way since April 2015 could be halted.

However, US exploration and production companies have in aggregate continued to run at a cash deficit, meaning they need to raise money from asset sales, share and bond issues and bank borrowing to finance capital spending.

The leading listed US exploration and production companies cut their capital spending to $14.9bn in the first quarter, less than half its level in the equivalent period of 2015, according to Bloomberg data. But that figure was still $10bn more than they earned in cash from operations.

Even after the rebound in oil and gas prices in recent months, it is still likely that the sector as a whole ran at a cash deficit in the second quarter.

Equity issuance by E&P companies has been very strong, hitting a record $17.8bn in the first half of the year. Companies including Pioneer Natural Resources, Southwestern Energy and Cabot Oil & Gas have sold shares this year to strengthen their balance sheets and finance capital spending.

During the boom years, however, the growth of the US shale industry was largely financed by debt, with E&P companies raising almost $860bn from bond sales and bank loans during 2007-2014.

The data suggest that smaller production groups face difficulties raising bond finance that may hamper their ability to invest in the future.

The largest bond issues in the US oil industry this year have come from the majors, ExxonMobil and Chevron, and from the larger independents including Occidental Petroleum and ConocoPhillips.

Gary Ross of Pira Energy, a consultancy, said access to capital would be critical for US oil production. "It's not going to be easy to reconstruct this industry," he said

-----

Earlier: 

U.S. ECONOMY: EVEN WORSE 

PRICE: $50 ISN'T ENOUGH 

U.S. THE STEEPEST CUTS 

U.S. NEED MORE MONEY 

U.S. OIL PRODUCTION DOWN 118 TBD 

U.S. BANKRUPTCY & BUBBLES

 

 

 

 


Tags: OIL, GAS, PRICES, USA, EXPLORATION, PRODUCTION

Chronicle:

U.S. NEED MONEY
2018, August, 17, 11:30:00

U.S. INDUSTRIAL PRODUCTION UP 0.1%

U.S. FRB - Industrial production edged up 0.1 percent in July after rising at an average pace of 0.5 percent over the previous five months. Manufacturing production increased 0.3 percent, the output of utilities moved down 0.5 percent, and, after posting five consecutive months of growth, the index for mining declined 0.3 percent. At 108.0 percent of its 2012 average, total industrial production was 4.2 percent higher in July than it was a year earlier. Capacity utilization for the industrial sector was unchanged in July at 78.1 percent, a rate that is 1.7 percentage points below its long-run (1972–2017) average.

U.S. NEED MONEY
2018, August, 17, 11:25:00

NORWAY'S PETROLEUM PRODUCTION: 1.911 MBD

NPD - Preliminary production figures for July 2018 show an average daily production of 1 911 000 barrels of oil, NGL and condensate, which is an increase of 64 000 barrels per day compared to June.

U.S. NEED MONEY
2018, August, 17, 11:20:00

GAZPROM NEFT NET PROFIT UP TO 49.6%

GAZPROM NEFT - For the first six months of 2018 Gazprom Neft achieved revenue** growth of 24.4% year-on-year, at one trillion, 137.7 billion rubles (RUB1,137,700,000,000). The Company achieved a 49.8% year-on-year increase in adjusted EBITDA, to RUB368.2 billion. This performance reflected positive market conditions for oil and oil products, production growth at the Company’s new projects, and effective management initiatives. Net profit attributable to Gazprom Neft PJSC shareholders grew 49.6% year on year, to RUB166.4 billion. Growth in the Company’s operating cash flow, as well as the completion of key infrastructure investments at new upstream projects, delivered positive free cash flow of RUB47.5 billion for 1H 2018.

U.S. NEED MONEY
2018, August, 15, 11:10:00

OIL PRICE: NEAR $72

REUTERS - Front-month Brent crude oil futures LCOc1 were at $72.34 per barrel at 0648 GMT, down by 12 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 23 cents, or 0.3 percent, at $66.81 per barrel.

All Publications »