“…oil futures posted their biggest quarterly declines since the fourth quarter of 2008…while (of Friday) U.S. crude jumped by more than $7…the fourth-largest daily gains in dollar terms since the contracts were launched.” Globe and Mail
“But if oil prices resume their recent slides, Bill Herbert, co-head of research for Simmons & Company said the excited spending on expensive shale play developments will likely taper off.” Fuel Fix
Directly related are Eagle Ford well starts: EIA.
Details on the Mississippi Lime have been hard to find to this point: E&P.
U.S. April 2012 crude production was down 5% from March, yet up 10% over April 2011: EIA.
Booming production and declining demand means U.S. net petroleum imports were down 15% April over April: EIA.
U.S. NGL production also up 10% April over April. Be careful!: EIA
U.S. Rig Count: -7 (all Gas Rigs) to 1,959 at Haynesville Play.
This heat sure is helping burn off the excess natty in storage, meanwhile Cities That Wouldn’t Exist Without Air Conditioning at Atlantic Cities.
Canada’s natural gas dreams closer to reality after Petronas moves at the Financial Post.
No Energy Yet in the Energy Sector: Dragonfly.
Earnings, Meet Cliff: Energy’s Contribution to S&P 500 Earnings Is Plummeting, the Raymond James Energy Stat of the Week.
I was published at Seeking Alpha: Forest Oil: A Speculative Idea.