The Organization of the Petroleum Exporting Countries and its allies (OPEC+), which collectively produce about 48% of global oil, have begun unwinding a series of voluntary output cuts implemented since 2022. This strategic shift, led by key members like Saudi Arabia and Russia, aims to reclaim market share, address non-compliance among members, and challenge high-cost […]
Continue ReadingWeekly Daily Standup Top Stories Where Are Oil Prices Headed in 2025 and Beyond? Goldman Sachs’ Bearish Outlook Meets Rising Demand Well economics matters May 27, 2025 Clark Savage Source: The Crude Truth Substack Oil well economics matters at all times, but it has now become the difference between profitability and incurring a loss. Goldman Sachs […]
Continue ReadingAs part of the Sandstone Teams services, we offer a review of oil and gas deals for our clients. We gain valuable insights into actual data points across various fields in the U.S. One key aspect is examining the well economics for each well and how it impacts the entire group or deal. We are […]
Continue ReadingENB Pub Note: This article from RedState is an excellent introduction to my podcast with Mike Umbro and Ronald Stien on this issue. California is now considered a National security risk in the United States due to Gavin Newsom\’s energy policies. The new podcast is scheduled for Sunday morning. Investing in United States oil and […]
Continue ReadingAs we work on our day jobs of evaluating oil and gas wells and leases to determine whether they are a good investment or should be passed, I wanted to share some basic information as a backdrop to Texas oil and gas. I do not provide investment advice, but I am more than willing to […]
Continue ReadingDaily Standup Top Stories Spain – the aftermath by Doug Sheridan – Wind and Solar are infact more expensive May 28, 2025 Clark Savage ENB Pub Note: This is an outstanding post on LinkedIn from Doug Sheridan, and I have invited him to be on the Energy News Beat podcast several times, but he is having […]
Continue ReadingA U.S. trade court ruled President Trump exceeded his authority by imposing tariffs, reinforcing congressional control over trade. Oil prices rose over 1% as traders welcomed the ruling and bullish signals from demand forecasts countering glut concerns. Analysts remain cautious due to expected OPEC+ supply increases and the limited impact of new U.S. sanctions on […]
Continue Reading– Chevron Corporation, one of the world’s leading integrated energy companies, has announced plans to lay off nearly 800 employees in Texas as part of a sweeping global restructuring effort. The cuts, primarily targeting the Permian Basin, underscore the challenges facing the oil and gas industry as companies grapple with low oil prices, regulatory pressures, […]
Continue ReadingTexas oil and gas companies face new deadlines to plug defunct wells after the Texas Legislature agreed this week to send Gov. Greg Abbott a bill setting new rules for the industry. The bill, which passed with bipartisan support in both chambers, is the first legislative step in years toward addressing the growing environmental problem for which […]
Continue ReadingSource: The Crude Truth Substack. Rey Trevino, Pecos Operating, The Crude Truth Podcast Earlier in the week, I released the podcast “Water Shortage in Texas? Texas Land and Water: Big Plans with Commissioner Dr. Dawn Buckingham”. It prompted me to do a deeper dive into the challenges facing our exploration and production teams in the Permian […]
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