What is the phone number for Valor Mineral Management in Fort Worth TX?

You can reach them at: 817-370-0612. It’s best to call Valor Mineral Management during business hours.

What is the address for Valor Mineral Management on ridglea place in Fort Worth?

Valor Mineral Management is located at this address: 6300 Ridglea Place Fort Worth, TX 76116.

What are Valor Mineral Management(Fort Worth, TX) store hours?

Valor Mineral Management store hours are as follows: Mon-Fri: 8:30AM - 5:30PM, Sat-Sun: Closed.

Valor Mineral Management on ridglea place, Fort Worth, TX

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NextEra Energy Made Takeover Approach to Duke Energy NextEra Energy Inc. recently made a takeover approach to Duke Energy Corp., according to people familiar with the matter, testing the waters for what would be a $60 billion-plus combination of two Southern utilities. Duke rebuffed the approach but NextEra is still interested in pursuing a deal, some of the people said. There is no guarantee NextEra will do so and if it does, that a deal would result. Should there be one, it would be big. Duke, based in Charlotte, N.C., has a market value of roughly $61 billion following a 14% decline in its share price this year, and an acquisition of the company could be the largest utility deal ever and the biggest merger so far this year. Read more at WSJ: http://ow.ly/BpT050BFuZr Visit us at valormineralmanagement.com to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals #wsj #nexteraenergy #dukeenergy WSJ.COM WSJ News Exclusive | NextEra Energy Made Takeover Approach to Duke Energy

Craddick assumes RRC chairmanship for third time Midland native Christi Craddick has a lot on her plate as she assumes the chairmanship of the Railroad Commission. Marking her third time as chairman since she was first elected to the agency in 2012, Craddick was unanimously named chair by her fellow commissioners, Wayne Christian and Ryan Sitton. The agency’s budget is her first focus, she told the Reporter-Telegram in a phone interview. The upcoming Texas legislative session that begins in January will address a significant budget shortfall that is a result of the pandemic, and Craddick said the agency has already included a 5 percent budget cut in its request submitted last week. Read more at Midland Reporter-Telegram: http://ow.ly/PjOQ50BFvEi Visit us at valormineralmanagement.com to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals MRT.COM Craddick assumes RRC chairmanship for third time

Devon Energy Absorbs WPX In Oil Industry ‘Merger Of Equals’ In what’s being billed as a merger of equals, Devon Energy will acquire WPX Energy in an all-stock deal that gives WPX shareholders five out of 12 board seats and .5165 Devon shares for each of theirs, amounting to 43% of “New Devon.” With a combined capital structure involving $6 billion in debt against $6 billion in equity, and daily production volumes of roughly 525,000 barrels per day of oil (and natural gas equivalents), the new Devon will be bigger than Apache Corp and Marathon Oil, and just a notch below EOG Resources. Read more at Forbes: http://ow.ly/HDkR50BEDFd Visit us at valormineralmanagement.com to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals #forbes #devonenergy #devon #wpx #merger FORBES.COM Devon Energy Absorbs WPX In Oil Industry ‘Merger Of Equals’

Own Mineral Rights? Watch Out For These Common Pitfalls By: Joseph DeWoody, CEO of Valor Mineral Management and Forbes Councils Member If you’ve recently inherited the mineral rights to a piece of property, you might want to cash in on them as fast as possible. While the oil industry today isn’t quite like the Beverly Hillbillies, you can still make a lot of money owning mineral rights. But beware – there are people who would be more than happy to take advantage of your lack of knowledge as a mineral rights owner and take your profits for themselves. In my almost 14 years in the mineral rights management industry, I’ve heard countless stories of people missing out on millions of dollars – and they often never have a clue. Read more at Forbes: http://ow.ly/mSbL50BDiNO Visit us at www.valormineralmanagement.com to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals #mineralrights #inheritance #forbes FORBES.COM Council Post: Own Mineral Rights? Watch Out For These Common Pitfalls

Biggest Independent Oil Trader Sees Price Gains Unlikely in 2020 Crude prices will have little room to rise in the next quarter because the recovery in global demand is slowing due to new coronavirus-related restrictions on the economy, according to Vitol Group executive committee member Chris Bake. “The conventional wisdom going into the fourth quarter was that things were going to improve,” Bake said on a conference call hosted by Dubai consultant Gulf Intelligence. “It doesn’t feel like we have a huge catalyst,” and demand is more “uncertain,” he said. Vitol is the world’s biggest independent oil trader. Read more at Bloomberg: http://ow.ly/DlnX50BD9ru Visit us at http://ow.ly/4Wvj50BD9rt to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals #bloomberg #vitolgroup BLOOMBERG.COM Biggest Independent Oil Trader Sees Price Gains Unlikely in 2020

OPEC expects oil to hold ground as the world’s fuel of choice through 2045 Oil is expected to retain its hold as the world’s fuel of choice over the next 25 years, according to the Organization of the Petroleum Exporting Countries World Oil Outlook report released Thursday. The report from the group of major producers said global oil demand is expected to see healthy growth in the next few years, as it recovers from one of the most “turbulent” years in the oil industry’s history. Read more at MarketWatch: https://on.mktw.net/3lrd6Ex Visit us at https://bit.ly/3iIAyvd to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals MARKETWATCH.COM OPEC expects oil to hold ground as the world’s fuel of choice through 2045

We are proud to share a testimonial from one of our clients that joined the Valor family in August. If you own mineral rights, let us help you optimize your minerals. Reach us at solutions@valormm.com or by phone at (817) 370-0612. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals

Devon Energy Completes $570M Sale of Barnett Shale Assets Devon Energy Corp. (NYSE: DVN) today announced that it has completed the sale of its assets in the Barnett Shale to Banpu Kalnin Ventures (BKV). Devon received a cash payment of $320 million from BKV at closing, after adjusting for a $170 million deposit received in April and purchase-price adjustments that, among other things, allocate revenues and expenses based on a Sept. 1, 2019, effective date. Read more: http://ow.ly/eHTJ50BKRAS & http://ow.ly/EhXT50BKRAT Visit us at valormineralmanagement.com to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals DEVONENERGY.COM Devon Energy Completes Sale of Barnett Shale Assets

Why Houston's oil and gas industry 'is not out of the woods yet' Houston’s oil and gas industry faces years of lower demand and slower growth in the aftermath of the coronavirus pandemic, leading to a smaller industry employing fewer workers. The International Energy Agency warned Tuesday that global energy demand will not recover to pre-pandemic levels until at least 2023 and possibly 2025, setting the oil and gas industry on its lowest growth rate since the 1930s. “The COVID-19 crisis has caused more disruption than any other event in recent history, leaving scars that will last for years to come,” the international body said in its annual World Energy Outlook. Read more: https://bit.ly/3k36ThY Visit us at https://bit.ly/3dsJZhi to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals #houstonchronicle HOUSTONCHRONICLE.COM Why Houston's oil and gas industry 'is not out of the woods yet'

Kinder Morgan quarterly profit falls on lower natgas volume U.S. pipeline operator Kinder Morgan Inc reported a 10% drop in quarterly profit on Wednesday as a steep drop in natural gas prices due to the COVID-19 pandemic hurt production and transportation of fuel. Pipeline companies have been forced to offer steep discounts to customers for moving crude, gas and refined products on their pipelines as the oil and gas industry grapples with weak energy demand and production shut ins due to the pandemic. Kinder Morgan, which transports nearly 40% of the natural gas consumed in the United States, said earnings fell 1% for its gas pipelines and 20% for its product pipelines. Natural gas transport volumes were down 2%. Net profit available to the company fell to $455 million, or 20 cents per share, in the third quarter ended Sept. 30 from $506 million, or 22 cents per share, a year earlier. Excluding items, Kinder Morgan earned 21 cents per share, in line with Wall Street estimates, according to Refinitiv IBES data. Source: https://reut.rs/35mhmi9 Visit us at https://bit.ly/34iJCmP to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals #kindermorgan #reuters #quarterlyprofit REUTERS.COM Kinder Morgan profit falls as pandemic hits demand for refined products

Pioneer Natural Resources Is in Talks to Buy Parsley Energy Pioneer Natural Resources Co. is in talks to buy Parsley Energy Inc., according to people familiar with the matter, as a wave of consolidation takes hold in the beleaguered oil patch. The two oil-and-gas companies, shale producers that operate in the Permian Basin of Texas and New Mexico, are discussing an all-stock deal that could be completed by the end of the month assuming the talks don’t fall apart, the people said. Austin, Texas-based Parsley has a market value of about $4 billion. It also has more than $3 billion of debt. The combination would be the latest in a series of tie-ups among energy producers seeking to scale up amid the coronavirus pandemic, which has eroded oil demand. That has caused a historic collapse in U.S. benchmark oil prices, which briefly plunged below zero in April and have since rebounded to around $41 a barrel. A deal would follow close on the heels of ConocoPhillips’s $9.7 billion agreement Monday to buy Concho Resources Inc. Devon Energy Corp. agreed last month to a $2.6 billion merger with WPX Energy Inc., while Chevron Corp. agreed in July to buy Noble Energy Inc. for about $5 billion. Read more: https://on.wsj.com/2Hr3VVO Visit us at https://bit.ly/3dH3rXX to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals #pioneer #parsley #wsj WSJ.COM WSJ News Exclusive | Pioneer Natural Resources Is in Talks to Buy Parsley Energy

Oil Stable After Saudis Vow Proactive Stance Against Uncertainty Oil was little changed after Saudi Arabia vowed that OPEC and its partners will do what’s necessary to balance the market. Futures in New York held near $41 a barrel after Saudi Oil Minister Prince Abdulaziz Bin Salman called on the OPEC+ alliance to be proactive in the face of uncertain demand. Yet a draft statement from the meeting made no mention of any changes to the current deal, which calls for production cuts to be eased from January. The market is also looking out for any signs that a stimulus deal can still be agreed in Washington ahead of the election while a resurgence in the pandemic threatens any recovery. “The continued price malaise has gotten their attention,” John Kilduff, a partner at Again Capital LLC, said in reference to the OPEC meeting. The return of Libyan output is another factor to consider, he added. “They’ve got their hands full, and they’re trying to figure out a way to talk this market up higher.” Read more: https://bloom.bg/2HeIpDQ Visit us at https://bit.ly/2HhDlyK to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals #bloomberg #opec

AR Can Disrupt Traditional Oil Operational Functions “Combining AR with technologies such as the internet of things, big data and artificial intelligence will help in the creation of more holistic solutions for oil and gas applications, including real-time detection and repair of equipment breakdown...” Read more: https://bit.ly/3dF5GLb Visit us at https://bit.ly/3jkEMd3 to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals #rigzone #augmentedreality #ar RIGZONE.COM AR Can Disrupt Traditional Oil Operational Functions

Rumored ConocoPhillips Deal For Concho Signals The Shale Consolidation Wave Is Fully Underway Last year seems so long ago now, but oil and gas people will recall that 2019 was supposed to have been when the big wave of M&A came to consolidate the U.S. shale drilling industry. The trend was building in April of last year, when Chevron and Oxy spent a month fighting over who would win the chance to overpay for Anadarko Petroleum. Oxy won that competition and landed Anadarko for $55 billion — a princely sum that sparked speculation over who would sell next, and for the winning bidder was pounded by the market for having overpaid, but speculation about more consolidation - especially among the big players in the oil-rich Permian Basin - only continued to ramp up. Surely, more big deals were coming, and soon. Well, “soon” turned out to be 15 months later, in July of this year, when Chevron was able to land the big fish it had been seeking in its $13 billion deal to acquire another large independent Permian player, Noble Energy. After Oxy’s deal for Anadarko failed to impress investors, more than a year had gone by in the shale patch without a single truly large M&A transaction taking place. Read more: https://bit.ly/2TbqikI Visit us at https://bit.ly/2HfV4q3 to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals #forbes #conocophillips #concho FORBES.COM Rumored ConocoPhillips Deal For Concho Signals The Shale Consolidation Wave Is Fully Underway

Big Oil Loses Refining Crutch With Margins Crushed Last Quarter Six months on from crude’s era-defining price crash, Big Oil is suffering from whiplash. Prices may have stabilized around $40 a barrel after OPEC+ curbed supply. But the coronavirus is surging through Europe once again and the twin safety nets for majors in previous downturns -- refining and trading -- have come under severe pressure as consumers stay home. “Refining margins are absolutely terrible,” Patrick Pouyanne, Total SE’s Chief Executive Officer, said earlier this month. The French major, along with a raft of other oil companies and refiners, have warned investors that slumping margins will be a drag on profits. For some like Exxon Mobil Corp., it might even push them into the red. The third quarter will provide little respite to the supermajors, with three out of the five expected to post losses. Trading, which brought the European firms a torrent of cash last quarter, is unlikely to save the day this time. Read more: https://bloom.bg/35xPJTG Visit us at https://bit.ly/3jtZmYj to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals #bloomberg BLOOMBERG.COM Big Oil Loses Refining Crutch With Margins Crushed Last Quarter

Conoco plans to retain Midland presence Despite the COVID-19 pandemic slashing oil demand and the oil market crash that has sent crude prices tumbling, ConocoPhillips sees opportunity in the Permian Basin’s unconventional shales. So much so that it is snapping up Midland’s Concho Resources in an all-stock transaction valued at $9.7 billion -- $13.3 billion if total enterprise value is taken into consideration. The merger will create a company with an approximately $60 billion enterprise value. “Our transaction with ConocoPhillips is an incredible opportunity for Concho that will deliver significant benefits for Midland and other communities where we operate,” Megan P. Hayes, vice president of investor relations and public affairs at Concho, told the Reporter-Telegram by email. “Through this combination, we will join a larger organization that has greater scale and resources, and the combined Company will enhance its competitive position in Midland. Read more: https://bit.ly/3dRbkKo Visit us at https://bit.ly/3jxfo3T to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals #conoco #concho #midland #mrt MRT.COM Conoco plans to retain Midland presence

Exxon CEO Plans Layoffs, Underscores Faith in Fossil Fuels Exxon Mobil Corp. plans to lay off an unspecified number of employees as low oil prices force the company to delay major projects, Chief Executive Officer Darren Woods said in an email to staff. Woods also mounted an extensive defense of fossil fuels, calling them a “higher purpose” that aids global prosperity at a time when European peers are looking at renewables as the future. “These are difficult times,” Woods said in the message, the text of which was released by the company Wednesday. “We are making tough decisions, some of which will result in friends and colleagues leaving the company.” The oil behemoth’s job cuts are just the latest sign of struggle among U.S. energy producers navigating the industry’s worst downturn in recent memory. This week two high-profile mergers were announced as explorers seek to gain scale and cut costs to survive the devastating impact of Covid-19 on global demand for fuel. Many have succumbed to bankruptcy. Read more: https://bloom.bg/2Tht87Y Visit us at https://bit.ly/3krFSot to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals #bloomberg #exxon #fossilfuels

IEA says resurgence of coronavirus will hurt oil recovery, prompting agency to cut demand forecast Global oil markets may have rallied on the latest positive vaccine trial results, but they are unlikely to feel any significant economic benefits until well into next year, the International Energy Agency said Thursday. In its monthly report, the IEA darkened its outlook for crude consumption in the months ahead, citing resurgent COVID-19 infection rates in the U.S. and Europe. It now expects demand for 2020 to fall by 8.8 million barrels a day this year—400,000 barrels a day more than its last forecast. That is more severe than OPEC’s forecast cut Wednesday. Read more: https://on.mktw.net/3koMUJX Visit us at https://bit.ly/3loxuGY to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals #marketwatch #wsj MARKETWATCH.COM IEA says resurgence of coronavirus will hurt oil recovery, prompting agency to cut demand forecast

Cold Weather Thaws Natural-Gas Prices Winter’s approach and a lot of working from home have lifted natural-gas prices to more than double their summer lows. More expensive gas could sting consumers hunkering down for a winter in home officesand virtual classrooms. The U.S. Energy Information Administration estimates that average daily gas consumption will be 5% more this winter than last due to colder temperatures and people burning more than usual to heat and power their homes. But the surge is rewarding Appalachian producers who idled drilling rigs and choked back wells this summer to hold gas in the ground until prices improved. Read more: https://on.wsj.com/3mTK01e Visit us at https://bit.ly/38hDJs9 to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals #naturalgas #wsj WSJ.COM Cold Weather Thaws Natural-Gas Prices

Oil & Gas News Round Up, 20 November 2020 - https://mailchi.mp/valormm/oil-gas-news-round-up-20-november-2020 MAILCHI.MP Oil & Gas News Round Up, 20 November 2020

Oil and gas production rising in North Dakota, but future is murky “September production was up 5% on the oil side — good news there,” Lynn Helms, director of North Dakota’s Department of Mineral Resources told reporters Tuesday. But “this might be as good as it gets for a while.” North Dakota, the nation’s second-largest oil and gas producer, churned out 1.22 million barrels of oil per day in September, up from 1.17 million the previous month. Natural gas production jumped 7% during the same time. Read more: http://strib.mn/331rdcX Visit us at https://bit.ly/36SBysH to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals #northdakota #bakken STARTRIBUNE.COM Oil and gas production rising in North Dakota, but future is murky

Oil Advances From Eight-Month High on Demand Optimism Oil extended gains, trading at its highest level since March, on mounting optimism that recent breakthroughs on a Covid-19 vaccine will lead to a swift recovery in global energy demand next year. Futures in New York rose 1.2% to trade above $45 a barrel. That followed a flurry of tenders from Chinese and Indian refiners seeking crude oil for January, the latest sign of roaring strength in Asian markets. Read more: https://bloom.bg/3pZdFZm Visit us at https://bit.ly/3pZdGwo to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals BLOOMBERG.COM Oil Surges With Weaker Dollar Compounding U.S. Supply Draw

Valor Provides Free Resources to Mineral Owners Do you need help? Want to research the information on your own? Go to our website to find – • Regulatory Divisions by State • Oil and Natural Gas Associations by State/Region • Oil and Natural Gas Associations Please bookmark our website. We will continually updating our resources pages to assist mineral owners on a continuous basis. Website: https://bit.ly/2KvlEgr #minerals #mineralmanagement #valor #mineralowners #royaltyowners VALORMINERALMANAGEMENT.COM Mineral Owner Resources | Valor Mineral Management

Texas Oil Regulator Barred From Waiving Environmental Rules Texas’s main oil regulator has been prohibited from waiving environmental rules and fees, measures adopted to help drillers cope with the pandemic-driven slump in crude prices. The decision by a state judge means that the Railroad Commission of Texas will not be able to enforce a series of emergency rule-waivers announced in May. District Court Judge Jan Soifer faulted the agency for failing to give the public adequate forewarning, according to a ruling handed down on Thursday. Soifer’s order will remain in effect until a suit by accountability watchdog Public Citizen is heard, or the regulator posts proper notice, the judge said. The Public Citizen case is set to be heard in May. Read more: https://bloom.bg/3m9J5sQ Visit us at https://bit.ly/39X8hjY to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #petroleum #wti #commodities #mineralmanagement #minerals

2020 In Review: One Of The Oil And Gas Industry’s Worst Years Approaches A Merciful End “Has the oil and gas industry ever had a worse year than it’s had in 2020?” That’s the question I was asked recently by host Kym Bolado on the weekly “In The Oil Patch” radio program that airs in various markets across Texas. It’s an interesting question, and one that comes with no easy answer. When contemplating the question, it’s easy to look back and 2015, or 1985 or some of the years during the decade of the 1970s, a time when it often appeared that the prophets of “Peak Oil” theory might actually be correct as years that might compare. I first came into the oil business right out of college in 1979, so my frame of reference encompasses all of those down years and more. They were all bad for the industry in their own ways, and the devastation the industry suffered in 1985 and the half-decade afterwards would certainly compare to the job-losses, bankruptcies and general carnage experienced in the U.S. industry in 2020. Suffice it to say that no one in the oil business will be sorry to see this year finally come to a merciful end. Comparisons between 2020 and 1985 seem especially relevant since the collapse in oil prices that took place in both years initially germinated for the same reason: An effort by Saudi Arabia to flood the global market with crude motivated both by a desire to reclaim lost market share and to slow a booming upstream industry in the United States. Read more: https://bit.ly/2M4z4Ru Visit us at https://bit.ly/3rrBQAg to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals FORBES.COM 2020 In Review: One Of The Oil And Gas Industry’s Worst Years Approaches A Merciful End

Fracking: From Breaking Shale to Breaking Even Everyone seems to have an opinion about fracking. The revolutionary and controversial oil-and-gas exploration technique has raised the ire of oil sheikhs, investors and environmentalists while minting billionaires and wiping out tens of billions of dollars fronted by many of their lenders and investors. One problematic aspect of fracking is its quick decline rate. Drawing oil and gas out of a conventional well is much like slowly pouring soda out of a can. Fracking looks more like what happens when you shake the can and open it. Hydrocarbons come out quickly but start losing momentum rapidly, too. Production in the Eagle Ford oil field in Texas, for example, declines 60% in a well’s first year and more than 90% over the first three, according to a study from the Kansas City Fed. Conventional oil fields register decline rates of just 5% to 10% a year. Read more: https://on.wsj.com/3hgtmHS Visit us at https://bit.ly/3mGKxU1 to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals WSJ.COM Fracking: From Breaking Shale to Breaking Even

Diamondback Strikes With Double Deals For Permian Basin Oil The game of musical chairs continue in America’s oilpatch today as Permian Basin pure play Diamondback Energy FANG +8.6% added two deals which boosted its holdings there by 80,000 acres and will expand its oil and gas output to about 340,000 barrels per day. First, Diamondback will acquire QEP Resources for 12.27 million shares — worth about $2 billion at today’s $43 per share — and will also assume $1.6 billion in debt. Diamondback will also swallow Quidon Energy for $850 million (10.63 million FANG shares and $375 million cash). Investors could understandably be surprised at the acquisitions. In an earnings announcement early November, Diamondback CEO Travis Stice said the company “investment framework and capital allocation philosophy at current oil prices remain very simple and have not changed: protect our base dividend, spend maintenance capital to hold oil production flat, and use excess Free Cash Flow to pay down debt.” Read more: https://bit.ly/3rqploQ Visit us at https://bit.ly/3aEE5u4 to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals FORBES.COM Diamondback Strikes With Double Deals For Permian Basin Oil

New Mexico land boss ends fresh water sales for oil and gas The New Mexico State Land Office announced Tuesday that it will be halting the practice of allowing fresh water to be pumped from state trust land and sold for use in oil and gas development. Land Commissioner Stephanie Garcia Richard detailed the shift in policy in a letter to companies that hold easements that grant access to trust land for pumping fresh water. Under the change, existing easements will not be renewed once they expire, and no new easements will be issued. She pointed to the scarcity of fresh water resources in New Mexico, saying the policy is aimed at encouraging the industry to use recycled water or produced water, which is wastewater that result from oil and gas operations. Read more: https://bit.ly/3hfeEk9 Visit us at https://bit.ly/3hiozW7 to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals MRT.COM New Mexico land boss ends fresh water sales for oil and gas

Oil gains 2% after draws in U.S. product inventories NEW YORK (Reuters) -Oil prices rose more than 2% on Wednesday, boosted by draws in U.S. inventories of crude, gasoline and distillates that lifted investors’ hopes for some return in fuel demand. Brent crude futures gained $1.25, or 2.5%, to $51.33 a barrel by 1:38 p.m. EST (1838 GMT), while U.S. West Texas Intermediate (WTI) crude futures rose $1.21, or 2.6%, to $48.23 a barrel. “Overall, what this report reflects is that we’re starting to see continued improvement in demand,” said Phil Flynn, senior analyst at Price Futures Group in Chicago. “It reflects that we’re seeing a market that’s getting more in balance.” Read more: https://reut.rs/3poTLGd Visit us at https://bit.ly/34Hl2vD to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals REUTERS.COM Oil gains 2% after draws in U.S. product inventories

COVID Vaccines Brought to You By Oil & Natural Gas Healthcare workers across the country are feeling a mixture of hope and excitement for this week’s arrival of the newly approved COVID-19 vaccine. Nearly three million doses are being shipped to big-city hospitals, state health agencies and remote rural clinics for the first round of injections. This mass distribution is one of the most ambitious immunization campaigns in American history. News stations are showing footage of dry ice-filled boxes and refrigerated containers being loaded onto trucks and cargo planes, and hospitals that have eagerly prepared new freezers for storage. This urgent distribution would not be possible without oil and natural gas and their byproducts that we all rely on in our daily lives. The most obvious example of how oil and natural gas are needed in this process, is the fuel used to ship the vaccines across the country. Additionally, natural gas remains the primary power source for our country’s electric grid which is relied upon by hospitals, nursing homes and clinics. But what critics of the oil and gas industry hesitate to discuss is the rest of the supply chain needed to safely and quickly distribute this vaccine to those who need it most. Read more: https://bit.ly/3hhts1J Visit us at https://bit.ly/2WFasAW to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals ENERGYTRANSFERFACTS.COM COVID Vaccines Brought to You By Oil & Natural Gas -

Oil & Gas News Round Up, 31 December 2020 - https://mailchi.mp/valormm/oil-gas-news-round-up-31-december-2020 MAILCHI.MP Oil & Gas News Round Up, 31 December 2020

Oil rises as supply constraints retain focus amid U.S. Capitol drama Oil prices rose on Thursday as Saudi Arabia, the world’s biggest exporter, unilaterally agreed to cut output over the next two months and as U.S. crude stockpiles fell. It was not immediately clear how the storming of the U.S. Capitol by supporters of President Donald Trump would impact oil markets, although some analysts believe President-elect Joe Biden’s administration will clamp down on U.S. oil production. Brent crude was up 22 cents, or 0.41%, at $54.52 per barrel, after gaining 1.3% overnight. U.S. West Texas Intermediate (WTI) gained 23 cents, or 0.45%, to trade at $50.86 per barrel. The contract rose 1.4% on Wednesday. Saudi Arabia, the world’s biggest oil exporter, said it would voluntarily cut 1 million barrels per day (bpd) of output in February and March, after OPEC+, which groups the Organization of the Petroleum Exporting Countries and other producers, including Russia, met earlier this week. “WTI crude seems poised to rise higher as the Biden administration will clamp down on U.S. crude production, the Saudis tentatively alleviated oversupply concerns with their 1-million bpd cut present, and as the dollar’s days seem numbered,” said Edward Moya, senior market analyst at OANDA. Read more: https://cnb.cx/3pW4wzY Visit us at https://bit.ly/3onbca4 to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals #mineralsoftware #mineralrightssoftware #oilroyaltymanagement #oilandgasmanagement #mineralrightsmanagement CNBC.COM Oil rises as supply constraints retain focus amid U.S. Capitol drama

Energy companies can expect an uncertain path in 2021 as the COVID-19 pandemic has altered expectations for the near future. Deloitte LLP recently released its Oil and Gas Industry Outlook for 2021, and topping the outlook was discussion of an oil supply crunch. Duane Dickson, vice chairman and U.S. oil, gas and chemicals leader at Deloitte discussed the findings via email with the Reporter-Telegram. Q. Is there a supply crunch on the horizon? A. Seeing five years of low capital spending (40% below its 2014 peak levels) and deep cuts in 2020 (about 25%), traditional O&G supply models will most likely highlight the impending risk of underinvestment. Just to replace annual O&G consumption and offset natural field declines (6-7% annually), for example, the models will highlight a minimum investment of $525 billion annually from O&G companies. However, the pandemic and an accelerating energy transition have “reset” the entire math of the industry. Unlike in the past, demand (or lack of it) will likely have a larger influence on the future supply-demand balance. Additionally, acreage high-grading, increased focus on sweet spots, potential production efficiencies, and monetization of the large inventory of drilled-but-uncompleted shale wells will likely keep the industry’s well productivity on the higher side in the near term. The supply situation, however, remains uncertain for the 2025-2030 period as exploration spending, which typically takes 5-8 years to convert into commercial production (excluding shales), has fallen to an all-time low. But so is the demand, with a few even saying that demand has peaked in 2019. Read more: https://bit.ly/2MdREqh Visit us at https://bit.ly/3obiiOV to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals #mineralsoftware #mineralrightssoftware MRT.COM Oil and gas industry ‘math’ has been reset

Oil & Gas News Round Up, 31 December 2020 - https://mailchi.mp/valormm/oil-gas-news-round-up-31-december-2020 MAILCHI.MP Oil & Gas News Round Up, 31 December 2020

Gas Is Cleaner Than Oil, But Still Has a Transition Problem "As a relatively clean fossil fuel, natural gas will play a useful role for years to come. It is less certain that it will be a profitable one. Exuberant investment in new gas reserves and liquefaction facilities in recent years helped globalize the market but also created a glut. Growing Asian demand has pushed prices up dramatically this month, raising hopes of better times. But any sustained recovery in prices and profits will require fossil-fuel producers to resist the temptation to overinvest once again in their favorite green-transition fuel." "...Natural gas will likely play two key roles in that green transition: replacing coal-fired power plants until sufficient renewables production can be built; and fueling backup peaker plants to bridge the gaps in intermittent wind and solar generation. The uncertainty makes it tricky to estimate what supply will be needed in the future, particularly as projects can take years to come online and some new oil fields will produce gas as a byproduct. This raises the risk of overproduction, after which prices can languish for a long time. Unlike oil, gas doesn’t have a global cartel coordinating production to support prices if there is a glut..." Read more: https://on.wsj.com/3pwYa9Z Visit us at https://bit.ly/2JvRQ3i to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals #mineralsoftware #mineralrightssoftware WSJ.COM Gas Is Cleaner Than Oil, But Still Has a Transition Problem

Oil’s Turbulent Year Stirs Debate on Relevance of Benchmarks For some traders, U.S. crude futures prices plunging below zero in April highlighted their flaws as a global benchmark A tumultuous year in oil markets left the energy industry reeling and gave fresh impetus to a perennial debate: What is the best gauge of crude prices? The Covid-19 pandemic confined billions of people to their homes and shut or slowed portions of the global economy in 2020, crimping demand for oil. Depots, pipelines and vessels were flooded with crude, threatening to overwhelm the world’s ability to store it. The crisis reached its crescendo in April, when the price of light, sweet U.S. crude futures dived below $0 a barrel for the first time. Some traders were paying others to take oil off their hands. “What we saw was the single largest demand event in history,” said Peter Keavey, managing director for energy products at CME Group, owner of the New York Mercantile Exchange, where U.S. crude futures trade. A lot is riding on the choice of benchmark for oil producers, traders, refiners, and investors. Individual investors who were betting on a rebound in prices were burned when U.S. crude futures tumbled below zero. The crash rippled through the physical market, where, for example, Saudi Arabia sets prices for exports to the U.S. using an assessment tied to futures prices. The emergence of the U.S. as an oil-exporting superpower in recent years, combined with a rapid growth in Asian demand and sliding production in Europe, have transformed flows of crude around the world. The pricing system based on three benchmark crudes—West Texas Intermediate in the U.S., Brent in Europe and Dubai in the Middle East—has broadly stayed the same. Read more: https://on.wsj.com/3hqZzMm Visit us at https://bit.ly/37Zm2gJ to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals #mineralsoftware #mineralrightssoftware WSJ.COM Oil’s Turbulent Year Stirs Debate on Relevance of Benchmarks

Oil Surges With Stimulus Hopes Adding to Rally From Saudi Cuts Oil extended gains Friday morning with expectations for more U.S. stimulus stoking optimism already buoyed by Saudi Arabia’s unilateral plan to cut output. Futures in New York rose as much as 2% before easing off the high, while Brent oil topped $55 a barrel for the first time since February. Saudi Arabia’s pledge earlier this week to cut production by 1 million barrels a day in February and March added vigor to the rally, while Democrat gains in the U.S. Senate spurred broader markets higher in expectation of additional stimulus. “Expectations of a $2,000 stimulus check for everybody is boosting the outlook and assets more generally,” said Michael Lynch, president of Strategic Energy & Economic Research. “It encourages people to believe the economic recovery will be stronger, that you’ll see more spending, more activity and more oil demand as a result.” Read more: https://bloom.bg/2XnJ5eR Visit us at https://bit.ly/35mx8dW to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals #mineralsoftware #mineralrightssoftware BLOOMBERG.COM Oil Surges With Stimulus Hopes Adding to Rally From Saudi Cuts

Oil & Gas News Round Up, 31 December 2020 - https://mailchi.mp/valormm/oil-gas-news-round-up-31-december-2020 MAILCHI.MP Oil & Gas News Round Up, 31 December 2020

Oil & Gas News Round Up, 22 Jan 2021 - https://mailchi.mp/valormm/oil-gas-news-round-up-22-jan-2021 MAILCHI.MP Oil & Gas News Round Up, 22 Jan 2021

Mineral And Royalty Valuations Remain Low Amid Recent Oil Price Gains The recent rise of oil prices returning to over $50 per barrel is a welcome sign to mineral and royalty holders across the board. There are inklings of bullish expectations for oil and gas prices in the coming year. However, climbing back up the valuation cliff that these assets fell from in March 2020 is still daunting. There are a lot of factors keeping this asset class from rebounding such as rig counts, capex budgets and supply chain issues. It has slowed royalty acquisitions and divestitures to a crawl and pushed undeveloped acreage values in many areas to multi-year lows. On the other hand, these same factors have led to a rush of estate planning transaction activity. The combination of depressed E&P valuations, the potential for future tax changes and the ability for mineral and royalty holding entities to utilize minority interest and marketability discounts have kept many tax advisors busy in recent months. These low valuations may not last for much longer if some recent bullish sentiment comes to fruition though. In the meantime, let us expound a bit on these forces keeping mineral and royalty valuations in their existing state. Read more: https://bit.ly/39trIA4 Visit us at https://bit.ly/3j1Txm8 to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals #mineralsoftware #mineralrightssoftware FORBES.COM Mineral And Royalty Valuations Remain Low Amid Recent Oil Price Gains

What Makes The Permian Basin’s New Mexico Portion Such A Success? New Mexicans are proud of their Land of Enchantment, because of the climate, the culture, outdoor activities, mountains views, white sand deserts, and the ubiquitous arts and crafts. One other aspect that many people, but not all, are proud of is the Delaware basin - another way of spelling oil and gas. We will look into this. Why are some people proud? Why are some people not? By presenting facts in a balanced way the hope is that people on different sides of the oil and gas industry have a basis for at least talking with each other. Let’s follow the money first. The Delaware basin has around 45,000 oil and gas wells down in the southeast part of New Mexico - near the towns called Carlsbad and Artesia and not far from Carlsbad Caverns. A map of oil and gas wells drilled and fracked in the past few years makes an impressive sight. Read more: https://bit.ly/3iW3ge2 Visit us at https://bit.ly/3acnKuL to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals #mineralsoftware #mineralrightssoftware FORBES.COM What Makes The Permian Basin’s New Mexico Portion Such A Success?

Factors That Influence Pricing Of Oil And Gas Oil and gas plays a key role in running our world, from powering homes and businesses to keeping the transportation infrastructure running. Our lives wouldn’t be the same without oil and gas. Consumers can easily spot price fluctuations within the oil and gas industry, from filling up our tanks at the gas pump or sticker shock on our utility bills during the winter and summer months. These price changes may seem meaningless at times, however, several factors influence increases and decreases in oil and gas pricing. There is more to it than supply and demand. If you are considering investing in crude oil, understanding the factors which affect oil and gas prices will give you a more solid foundation for your investing activities. There are four primary factors that affect the price of oil and related products worldwide. Read more: https://bit.ly/3choCkr Visit us at https://bit.ly/2McxY6q to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals #mineralsoftware #mineralrightssoftware FORBES.COM Author Post: Factors That Influence Pricing Of Oil And Gas

Oil & Gas News Round Up, 22 Jan 2021 - https://mailchi.mp/valormm/oil-gas-news-round-up-22-jan-2021 MAILCHI.MP Oil & Gas News Round Up, 22 Jan 2021

China’s shift from coal helped push natural gas prices to a peak, Eurasia Group says SINGAPORE — China’s shift from coal to gas is a “big overlooked factor” in record high natural gas prices, according to political risk consultancy Eurasia Group. Henning Gloystein, director of energy, climate and resources at Eurasia said millions of households in China were estimated to have moved from coal to natural gas for heating their homes in 2020. The majority of those transitions happened in the last quarter of the year, just before winter arrived, he told CNBC’s “Squawk Box Asia” on Monday. Natural gas prices in Asia fell to a record low in the second quarter of last year as the coronavirus crisis spread, but they have surged more than 1,000% since July. According to S&P Global Platts, the benchmark Japan-Korea-Marker (JKM) spot price for liquefied natural gas in February reached a record high of $32.49 MMBtu last week. Much of the price surge has been attributed to extremely cold weather in North Asia, which caused natural gas demand for heating to soar. Read more: https://cnb.cx/3itGMk3 Visit us at https://bit.ly/2KAuFFC to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals #mineralsoftware #mineralrightssoftware CNBC.COM China's shift from coal helped push natural gas prices to a peak, Eurasia Group says

Simplicity, relevance key to writing today’s landowner leases For all the riches oil and natural gas provide, they have no value until the marketplace assigns them a value. And making sure producers and royalty owners alike receive their full value is the greatest challenge in writing lease agreements. Midlander Suzie Boyd, president of Caballo Loco Midstream, this week held a virtual presentation to help members of the Austin Professional Landmen’s Association make sense of a changing oil and gas marketing world. Good takeaways for landowner lease agreements is to keep it simple, keep it relevant and make sure it makes sense from a marketing perspective, Boyd said. The rise in exports is the primary change landmen – the ones who negotiate the lease agreements that allow operators to drill for oil and gas – must take into account, Boyd said. She explained that the rise in exports is sending crude to the Gulf Coast for export. That means the preference for crude flows has shifted from Cushing in Oklahoma south to the Gulf Coast. New pipelines are headed that direction, and Boyd said some existing pipelines to Cushing are being evaluated for reversal to Houston instead. Read more: https://bit.ly/38ZZ1KZ Visit us at https://bit.ly/3nZtOvI to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals #mineralsoftware #mineralrightssoftware MRT.COM Simplicity, relevance key to writing today’s landowner leases

Oil prices continue to push closer to $60 The price of oil soared closer to $60 a barrel Thursday morning on the back of shrinking U.S. crude stockpiles and adherence by OPEC and its allies to production cuts. The price of the global benchmark, Brent crude, climbed past $59 a barrel before falling back during a choppy session. West Texas Intermediate, the U.S. benchmark, jumped past $56. Both reached prices not seen in more than a year, before demand collapsed amid the coronavirus pandemic. While demand continues to lag, analysts remain confident in crude's recovery. “The macro setup is pretty bullish, even if you’re not seeing demand recover particularly quickly,” said Matt Sallee, portfolio manager at Tortoise, a firm that manages roughly $8 billion in energy-related assets. “OPEC is holding the line on production, the vaccine rollout is progressing, COVID cases are rolling over and the stimulus package is making some progress.” Read more: https://bit.ly/2MsXqFc Visit us at https://bit.ly/2MrKKyo to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals #mineralsoftware #mineralrightssoftware MRT.COM Oil prices continue to push closer to $60

Challenges Ahead For US Refiners? The US refining industry has had a great run this century. But with the COVID-19 pandemic, 2020 was a tough year, resulting in the announcement of several domestic closures. Could the pandemic be a glimpse of things to come for US refiners? Between 2000 and 2019, US refining capacity and throughput increased substantially (+2.4 and +1.5 million b/d, respectively), even though domestic oil consumption fell slightly. Indeed, over that period, the US moved from being one of the largest net importers of refined products in the world to being one of the largest net exporters. When US overall oil import dependence peaked in 2005, the country had net refined product imports of about 2.4 Mb/d, more than Europe and Japan combined. But by 2019 (the last full year for which official data is available), the US had become a net exporter of refined products, selling 3 Mb/d into global markets, just behind Russia (3.2 Mb/d) as the largest refined product net exporter. Read more: https://bit.ly/3pLE5gS Visit us at https://bit.ly/39ItP32 to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals #mineralsoftware #mineralrightssoftware FORBES.COM Challenges Ahead For US Refiners?

Oil Companies Endure Brutal 2020, Warn of Slow 2021 Recovery The big international oil companies are reporting one of their worst annual performances in decades and signaling that the pandemic could continue to challenge their businesses in 2021. Exxon Mobil Corp. on Tuesday disclosed annual losses of $22 billion and $18.1 billion respectively, following Chevron Corp., which on Friday reported a $5.5 billion loss for 2020. Exxon posted its fourth consecutive quarterly loss for the first time in modern history, driven by a more than $19 billion write-down. Excluding the impairment, Exxon turned a quarterly profit of $110 million. BP reported a replacement cost profit—a metric similar to the net income figure that U.S. oil companies report—of $825 million for the three months ended Dec. 31, from a loss of $4 million in the year-earlier period. Read more: https://on.wsj.com/36zTitL Visit us at https://bit.ly/3oAGZna to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals #mineralsoftware #mineralrightssoftware WSJ.COM Oil Companies Endure Brutal 2020, Warn of Slow 2021 Recovery

Oil Jumps to One-Year High With Depleting Supplies Aiding Rally (Bloomberg) -- Oil surged above $55 a barrel in New York to the highest level in a year, fueled by a virus-recovery rally underscored by declining global stockpiles. West Texas Intermediate futures advanced as much as 3.2% on Tuesday, while the global Brent benchmark headed toward $60 a barrel. Crude has been climbing steadily since late last year as coronavirus vaccines and producers’ supply curbs boost expectations of a tighter market. OPEC and its allies expect to drain an oil surplus by the middle of the year. There are pockets of physical-market strength, too. Royal Dutch Shell Plc raided the North Sea market Monday, buying the most benchmark-grade cargoes in a single day in 10 years in the S&P Global Platts pricing window. The oil major also bid for a further seven shipments in a flurry of activity. Read more: https://yhoo.it/3pH2m7L Visit us at https://bit.ly/3j8yKxD to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals #mineralsoftware #mineralrightssoftware YHOO.IT yhoo.it

Valor is pleased to announce Jason Beck as its new Director of Institutional Mineral Management https://fortworthbusiness.com/energy/valor-mineral-fort-worth-midland-abilene/ FORTWORTHBUSINESS.COM New Director of Institutional Mineral Management at Valor

Biggest Oil Refineries in U.S. Are Going Dark Amid the Cold After creating havoc in the power and natural gas markets, the next commodity sector causing concern in Texas is the state’s enormous oil refining industry, where installations are being forced offline by the big freeze. The largest refineries in North America were shutting down Monday because of arctic conditions that have cut electricity, water and fuel supplies across Texas. More than 3 million barrels of daily oil-processing capacity has been idled in the wake of the record-setting cold, according to consultant Energy Aspects Ltd. The shutdowns portend tightening supplies and higher prices for everything from gasoline to propane in coming days and weeks in cities across the country that rely on the U.S. Gulf Coast for fuels. The impact on fuel supplied by pipeline will likely spread far beyond Texas if the outages last more than a few days, considering that the oil industry had already cut back production during the pandemic. The Gulf Coast supplies more than three-fifths of the East Coast’s fuel. Read more: https://bloom.bg/3pqYHdk Visit us at https://bit.ly/3u7CSmD to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals #mineralsoftware #mineralrightssoftware

Tightening Oil Supplies Inject New Momentum Into Price Rally A booming rally in oil markets has pushed crude prices to their highest levels since near the start of the coronavirus pandemic, powered by production curbs and recovering demand. Brent-crude futures, the benchmark in energy markets, have risen more than 50% since the end of October and are approaching $60 a barrel for the first time since Covid-19 began to erode oil demand in early 2020. Futures for West Texas Intermediate—or WTI, the main grade of U.S. crude—last week surpassed $55 a barrel for the first time in over a year. The speed of the recovery has surprised some investors and analysts, given that coronavirus continues to curtail demand. It has juiced shares of companies including Exxon Mobil Corp. and ConocoPhillips after a troubled 2020 for oil-and-gas producers, making energy stocks the best performers on the S&P 500 this year. Read more: https://on.wsj.com/3aGT3ye Visit us at https://bit.ly/3rrp8Rs to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals #mineralsoftware #mineralrightssoftware WSJ.COM Tightening Oil Supplies Inject New Momentum Into Price Rally

How Fossil Fuels, Ironically, Are Critical In The Development Of Renewable Energy Sources We talk increasingly about “critical minerals,” sources for elements spanning the periodic table that are vital, considered to be strategically important, and for which substitutes are very difficult and expensive or simply non-existent. In the grand competition among nation states to “decarbonize” and reach “net zero”, the rush of one-upmanship ignores an important truth: Hydrocarbons are critical minerals, permeating all facets of human existence and endeavor. The myriad activist pressures and government responses to limit, ban or otherwise penalize access to the extraction of and use of the most common sources of hydrocarbon molecules – petroleum and natural gas – represent forms of trade restrictions. These actions also introduce a range of potentially dangerous insecurities and, with increased imports of both hydrocarbons and substitutes, raise the prospect of worsening trade deficits. We have been there, and done all of this before with oil and seen the consequences. That past experience, in large part, underlies notions of “criticality”. Read more: https://bit.ly/3jx3qc8 Visit us at https://bit.ly/2N94sP6 to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals #mineralsoftware #mineralrightssoftware FORBES.COM How Fossil Fuels, Ironically, Are Critical In The Development Of Renewable Energy Sources

JPMorgan says two factors could drive up oil prices by another $5 to $10 per barrel SINGAPORE — JPMorgan says crude prices could see further upside ahead as oil continues to see strong gains so far this year. It comes against the backdrop of an improving global outlook as major economies press ahead with their ongoing coronavirus vaccination campaigns. “I think there’s room for oil prices to move a little bit higher in this environment but, you know, not thinking about a price of $80 or $90 a barrel. Maybe it goes up by $5 or $10 more from here,” Kerry Craig, global market strategist at JPMorgan Asset Management, told CNBC’s “Street Signs Asia” on Friday. Read more: https://cnb.cx/3s425w8 Visit us at https://bit.ly/2OVNeFZ to learn how to get security, clarity and optimization with you oil and gas assets. #oilandgas #oilandgasindustry #oilindustry #energysector #shale #oilgas #economy #oil #gas #vmm4l #petroleum #wti #commodities #mineralmanagement #minerals #mineralsoftware #mineralrightssoftware CNBC.COM JPMorgan says two factors could drive up oil prices by another $5 to $10 per barrel

Oil & Gas News Roundup, February 19, 2021 - https://mailchi.mp/valormm/oil-gas-news-roundup-february-19-2021 MAILCHI.MP Oil & Gas News Roundup, February 19, 2021

Oil & Gas News Summary, 26 Feb 2021 - https://mailchi.mp/valormm/oil-gas-news-summary-26-feb-2021 MAILCHI.MP Oil & Gas News Summary, 26 Feb 2021

MAILCHI.MP Oil & Gas News Roundup, March 19, 2021

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