The outlook for Railroad Districts 1-6 remains promising as we look at the decision by OPEX and non-OPEX countries to cut production, combined with the new political climate in the…
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The current activity in Railroad Districts 1-6 should be described by the number of companies filing for bankruptcy protection rather than the normal metric of the number of rigs running….
Since writing my last report, the price of oil has increased by 37%. The pundits say that we have reached the bottom and that the price of oil will stabilize…
As oil prices remain stagnant, many companies are seeking to offload non-core assets in an effort to survive the downturn. As a potential buyer, there are increasing opportunities to acquire…
Drilling activity in RR Districts 1-6 continues to slow as oil settles to below $30/bbl. today. Companies are drilling required wells only and deferring completions until prices rise, which adds…
On December 31st, Swift Energy became the latest E&P to file bankruptcy, becoming the 41st company to do so since oil prices began declining in 2014. Swift Energy joins several…
Activity in RR Districts 1-6 is being colored by a new reality of ‘Lower for Longer’. Fewer wells are being drilled as companies try to shore up their balance sheets…
The activity in RR Districts 1-6 continues to slow when compared to the previous quarter. Permits for new wells in Texas are 35% of what they were just one year…
The lack of drilling activity in RR Districts 1-6 continues as the price of WTI slips to $43.79/bbl. (at the time of writing), which is a 17% decline since my…
Pipelines are an integral part of the United States economy and provide the most safe and efficient way to transport oil, gas and other refined petroleum products. More than half…