Permian Production Exits 2023 at a Record High
Crude oil production from the Permian Basin exited 2023 at an all-time high of 6,115 Mb/d, according to East Daley’s…
Crude
New Fields to Lift Gulf of Mexico Output in 2024
The total US rig count decreased by 2 rigs W-o-W, down to 600 from 602. The Eagle Ford is up…
Sunoco’s $7.3B NuStar Deal Opens Options for Energy Transfer
Sunoco’s $7.3B NuStar buy could drive earnings and future synergies with Energy Transfer, adding growth options and refining Sunoco’s crude…
Kinder Morgan Results Miss Consensus, 1% above EDA in 4Q
Kinder Morgan (KMI) reported 4Q23 Adj. EBITDA 3% below Street estimates, confirming a forecast by East Daley Analytics for a…
Bakken Production Takes Hit in Winter Storm
North Dakota oil production fell by 412.5 Mb/d due to the Artic blast observed over the MLK weekend.
Permian Shrink Continues with $4.5B APA-Callon Deal
APA Corp. will acquire Callon Petroleum for $4.5B. The deal likely will result in rig cuts, continuing the consolidation trend…
Permian Exits 2023 at Record Crude Production
The US rig count held steady W-o-W at 595 rigs. Liquids basins lost 1 rig over the December 31 week…
DJ Basin Crude Recovery is Nearly Complete
Oil production from the Denver Julesburg Basin has been steadily rebounding off lows hit in the 2020 downturn and will…
DJ Basin Production Nears Previous Highs
East Daley expects Denver Julesberg Basin oil production to near pre-COVID highs in 1H24.
Best of 2023: TMX Earthquake to Send Tremors Through US Crude
Affect of Canada’s Trans Mountain Pipeline expansion on crude oil flows from Louisiana to the Midwest, according to East Daley’s…