Nick Cook, Editor
Issue #451 | December 20, 2023
This week’s digest is dedicated to the macro forces at play driving oil and gas prices. In particular, we are watching both the short term effects of the war in Israel as well as the long-term effects of the investment and governmental attitude towards fracking in Australia.
We’ll be off next week, so we hope everyone enjoys their Christmas and New Year’s celebrations.
And now, the news…
Drillers from the Permian Basin in West Texas to the Bakken Shale of North Dakota have ramped up oil production well beyond what analysts foresaw, pushing output to a record just as OPEC and its allies put the brakes on supplies in a bid to arrest price declines.
Miscellaneous datapoints from around shale-patch warrant a mention.
Natural-gas and crude markets rise but ample global supplies keep the advance in check.
Allegations by a sand miner that one of their E&P customers were trying to steal their assets.
Under the Strategic Partnership, Liberty plans to import a modern frac fleet into the Beetaloo Basin in 2024.
Interesting insights into frac sand challenges that have come to light through the most recent round of industry lawsuits.
Australia has lived up to its nickname, the “Lucky Country,” partly thanks to abundant reserves of coal and natural gas.
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