2020-05-22 13:10:00
OIL & GAS: THE RETURN OF EQUITY 6%
U.S. EIA - Financial Review of the Global Oil and Natural Gas Industry: 2019
- Brent crude oil daily average prices were $64.16 per barrel in 2019—11% lower than 2018 levels
- The 102 companies analyzed in this study increased their combined liquids and natural gas production 2% from 2018 to 2019
- Proved reserves additions in 2019 were about the same as the 2010–18 annual average
- Finding plus lifting costs increased 13% from 2018 to 2019
- Capital expenditure and cash from operations decreased $4 billion and $56 billion, respectively, from 2018 to 2019
- The return on equity for energy companies and U.S. manufacturing decreased to 6% and 13%, respectively, in 2019
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Earlier:
2020, May, 21, 12:45:00
U.S. OIL INVENTORIES DOWN BY 5 MB TO 526.5 MB
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.0 million barrels from the previous week. At 526.5 million barrels, U.S. crude oil inventories are about 10% above the five year average for this time of year.
2020, May, 19, 11:55:00
OIL&GAS INDUSTRY: THE NEXT TRANSFORMATION
To change the current paradigm, the industry will need to dig deep and tap its proud history of bold structural moves, innovation, and safe and profitable operations in the toughest conditions. The winners will be those that use this crisis to boldly reposition their portfolios and transform their operating models. Companies that don’t will restructure or inevitably atrophy.
2020, May, 19, 11:50:00
U.S. PRODUCTION: OIL (-197) TBD, GAS (-779) MCFD
Crude oil production from the major US onshore regions is forecast to decrease 197,000 b/d month-over-month in May from 8,019 to 7,822 thousand barrels/day, gas production to decrease 779 million cubic feet/day from 82,249 to 81,470 million cubic feet/day .
2020, May, 15, 11:50:00
U.S. OIL DEMAND DOWN TO 14.2 MBD
Reduced economic activity resulting from shelter-in-place restrictions due to COVID-19 drove significant near-term disruptions to energy markets in the month of April with U.S. petroleum demand falling nearly 27 percent to 14.2 million barrels per day (mb/d),
