Monthly Archives: March 2020

rig count summary: breakeven price to cover operating expense for existing oil wells: breakeven price to cover drilling a new oil well:

oil prices finished lower again this week, but with somewhat less volatility than last week, when we saw price moves as great as 25% in both directions in a matter of hours…after oil prices fell 30% to $22.43 a barrel … Continue reading →

The key economic reports released the past week were the 3rd estimate of 4th quarter GDP and the February report on Personal Income and Spending from the Bureau of Economic Analysis; other widely watched releases included  the advance report on … Continue reading →

rig count summary:

oil prices hit an 18 year on the way to their largest weekly drop in 29 years; natural gas prices ended at a 24 year low; natural gas rigs were at a 41 month low; DUC wells are down 9.7% … Continue reading →

major monthly reports released over the past week included the Retail Sales report for February and Business Sales and Inventories for January from the Census Bureau, the February report on Industrial Production and Capacity Utilization from the Fed, the February … Continue reading →

rig count summary: oil prices: natural gas prices:

retail sales:

oil prices now down by half from January’s high on coronavirus and price war impacts; globl oil surplus near 2.2 mpd in February even with OPEC cuts still in effect; biggest ​distillates ​draw since January 2004, natural gas rigs at … Continue reading →

this week saw the release of the three major monthly price indices from the Bureau of Labor Statistics: the February Consumer Price Index, the February Producer Price Index and the February Import-Export Price Index … in addition, this week also … Continue reading →