Tag Archives: NIck Cunningham

Oil Prices Could Be Lower For Longer

The ECOreport reposts an analysis of market conditions, Oil prices could be lower for longer

Originally Posted on Oilprice.com

By Nick Cunningham

Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared. All signs point to a period of “lower for longer” for oil prices, a refrain that is all too familiar to those in the industry.

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Is The US Shale Industry’s “Low Hanging Fruit” Disappearing?

The ECOreport reposts an OP-ED,  Is The US Shale Industry’s “Low Hanging Fruit” Disappearing?

Originally posted on Oilprice.com

By Nick Cunningham

The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year, but the extension of the cuts provides even more room in the market for shale drillers to step into.

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Oil Production Costs Are Higher Than 2011

The ECOreport reposts insight from the industry,  Oil Production Costs Higher Than 2011

Originally Posted on Oilprice.com

By Nick Cunningham

The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. Oil prices have stabilized and the cost cutting measures implemented over the past three years should allow companies to turn a profit even though crude trades for about half of what it did back in 2014.

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US Shale Industry Cash Flow Neutral For First Time

The ECOreport reposts from the natural gas sector, US shale industry cash flow neutral for the first time

Originally Published on Oilprice.com

By Nick Cunnigham

Oil prices are probably already high enough to spark a rebound in shale production.

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US Shale Faces A Reality Check

The ECOreport reposts an OP-ED from the fossil fuel sector, US Shale Faces A Reality Check

Originally Posted on Oilprice.com

By Nick Cunningham

The collapse of oil prices has forced the U.S. shale industry to slash production costs. In order to improve the “breakeven” costs for the average shale well, the industry has deployed three general strategies: improving techniques and technology, such as drilling longer laterals or using more frac sand; focusing drilling on the sweet spots; and demanding lower prices from oilfield service companies. All three of those strategies led to a decline in the breakeven price for a shale wells.

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Oil Surplus Could Flip To Deficit

The ECOreport reposts the OP-ED that the present oil surplus could flip to deficit

Originally Published on Oilprce.com

By Nick Cunningham

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online.

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The State Of Oil In 2016

The ECOreport reposts an analysis of the state of Oil in 2016

Originally Published on Oilprice.com

By Nick Cunningham

Oilprice.com recently spoke with Carl Larry, Director of Oil and Gas at Frost & Sullivan, a consultancy that conducts research on oil and gas markets, to get his thoughts on the state of oil in 2016.

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Are Oil Prices Reaching The Bottom?

As the price of oil continues to decline, they forcing companies to cut back & will eventually put a floor on prices. Are Oil Prices Reaching the Bottom?

Originally Published on Oilprce.com

By Nick Cunningham

A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory.

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Wall Street Losing Millions From Bad Energy Loans

Originally Published on Oilprice.com

By Nick Cunningham

Oil companies continue to get burned by low oil prices, but the pain is bleeding over into the financial industry. Major banks are suffering huge losses from both directly backing some struggling oil companies, but also from buying high-yield debt that is now going sour.

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