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Crude Oil News

U.S. Oil and Gas Drillers Pull Back as Low Oil Prices Bite: Rig Counts Signal Caution

May 30, 2025 Clark Savage

As 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 […]

Crude Oil News

Survey Note: Analysis of Oil and Well Economic Data in Texas – Cost Comparison of Conventional Vertical Wells vs. Horizontal Wells with Fracking

May 30, 2025 Clark Savage

As 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 […]

Crude Oil News

Oil Prices Sink 4% on Hints of U.S.-Iran Deal

May 15, 2025 Clark Savage

Oil prices decreased sharply following comments from President Trump indicating the U.S. is close to a nuclear deal with Iran. Iran’s officials have suggested they would consider abandoning uranium enrichment if the United States lifts […]

Big Oil Companies

Halliburton, Schlumberger Brace for the Next Oil Slump

May 13, 2025 Clark Savage

All of the majors reported lower earnings for the first quarter. Already, some energy companies active in the shale patch are cutting their drilling budgets for the year. Oilfield services providers are bracing for impact […]

EIA News

Week Recap: What’s Behind OPEC+’s Bold Move to Increase Oil Supply?

May 10, 2025 Andy Del Prado

Weekly Daily Standup Top Stories Why Spain’s Rooftop Solar Owners Weren’t Spared From the Blackout May 4, 2025 Clark Savage ENB Pub Note: Rooftop solar panels on homes are not bad; they must be appropriately designed […]

Climate Crisis

Saudi Price Rise Amid OPEC+ Surge

May 8, 2025 Mariel Alumit

Daily Standup Top Stories Why did Saudi Arabia raise prices to the Asia market while increasing OPEC+ production quotas? May 7, 2025 Clark Savage Earlier this week, I published an article titled “What does the OPEC+ increase […]

Constellation Oil Services
Crude Oil News

Why did Saudi Arabia raise prices to the Asia market while increasing OPEC+ production quotas?

May 7, 2025 Clark Savage

Earlier this week, I published an article titled “What does the OPEC+ increase of 411,000 mean to the United States?” I was asked about Saudi Arabia’s increase in the Asia market and how it would impact […]

Downstream

Saudi Deficit & US Oil Cuts: What’s Next for Prices?

May 7, 2025 Andy Del Prado

Daily Standup Top Stories Saudi Arabia’s Budget Deficit Surged Before the Oil Price Crash May 6, 2025 Clark Savage ENB Pub Note: The story below is from Tsvetana Paraskova on Oilprice.com, and she has some great […]

Crude Oil News

US Cut Forecast for Oil Output Just Before Crude’s Latest Plunge

May 6, 2025 Clark Savage

ENB Pub Note: Yesterday, we examined Cap Ex budgets, and today, we are investigating production, demand estimates, and storage. The current storage levels are low and are listed below. Here is a lot of data […]

Crude Oil News

Oil Prices Bounce Back From OPEC+ Bombshell

May 6, 2025 Clark Savage

Oil prices rallied aggressively on Tuesday morning, recovering from the OPEC+-induced drop that was sparked by the cartel’s decision to unwind production cuts at a faster rate than previously planned. Despite the recovery, uncertainty remains […]

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