Busy, Busy, Busy -- We've Only Just Begun -- July 28, 2017

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Title : Busy, Busy, Busy -- We've Only Just Begun -- July 28, 2017
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Busy, Busy, Busy -- We've Only Just Begun -- July 28, 2017

Earnings pending, XOM: misses on earnings; beats on revenues; revenues, $62.88 billion vs $61.98 billion forecast; earnings, huge miss, 78 cents vs 84 cents.

Earnings pending, CVX:

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Back to the Bakken

Active rigs:


$49.04 7/28/2017 07/28/2016 07/28/2015 07/28/2014 07/28/2012
Active Rigs 60 35 73 193 207

RBN Energy: what reported oil and gas reserves reveal, and what they don't. This should be very, very interesting. I will read it later.
When prospective investors look at a company’s U.S. or Canadian regulatory filings, many of them may mistakenly believe they are getting a complete and accurate assessment of the crude oil, natural gas and natural gas liquids (NGLs) that could technically and economically be produced from the acreage the company controls. In fact, the rules governing the tallying of proved reserves are anything but straightforward and often result in a significant underestimation of the hydrocarbon volumes waiting to be produced. That is particularly true when it comes to reserves in shale plays, which many would argue are the most important reserves of all in today’s energy market. Today we begin a blog series that considers the arcane world of corporate reporting of proved hydrocarbon reserves and the importance of understanding the reporting rules.

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Stories To Return To

I'm Back! TransAmerica launches open season for Keystone XL pipeline system. Nebraska will make decision, November, 2017.

Boom: total US petroleum deliveries reach 10-year peak in June.

Didn't I just post this suggest: if Petronas can't build terminal in Canada, perhaps Petroanas could work with the US. I suggest the very same thing just a day or so ago. Original note here.

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It Never Quits




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