oleocene.org

tita a écrit : 09 août 2019, 21:19 Nouvelle baisse des forages, -6 pour le pétrole, -2 pour le gaz.

Les principaux bassins ont un décompte stable cependant. Le bassin permien est même remonté de deux unités. Les forages ont diminué de 14% depuis le pic de novembre dernier. L'année passée, entre novembre 2017 et août 2018, les forages avaient augmenté de 18%.

mobar a écrit : 09 août 2019, 22:49Si les nombres de nouveaux forages baissent c'est que les prix sont trop bas et donc l'offre excédentaire

Permian Slowdown Could Start In 2020

By Nawar Alsaadi - Aug 11, 2019,

The Permian basin has been by far the largest source of production growth in the US as the field oil production grew from 1.2M barrels per day (mmbpd) in January 2013 to over 4.2 mmbpd. Back in 2013, few observers (myself included) expected the Permian to grow as fast and as large as it did. However, the important question for energy investors at this point is how far and fast the Permian will expand in the coming years, finding the answer to this question holds the key to future oil prices since the Permian has been the engine of non-OPEC supply growth over the last several years.
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Conclusion

It is important to note that the Permian oil production will continue to grow for many years to come as the super majors such as Exxon and Chevron continue to invest heavily in the basin and as the fracking pace in the field continues to break records. However, the warnings raised by the many experts and professionals highlighted in this article are clear: Permian productivity and growth are slowing down already and will be slowing materially in the coming years. A slowdown in a single oil field in a single country may not seem material to some, but when one learns that the US has been the source of almost 100% of the growth in non-OPEC production since 2015 and that the lionshare of that growth is coming from the Permian, a material slowdown in the Permian will have a disproportionate impact on global oil prices in the upcoming decade.

By Nawar Alsaadi for Oilprice.com

CP3 a écrit : 12 août 2019, 22:22 Les Pro-Peak Oil commencent à ré -émerger avec d' avantages d' assurance .
https://oilprice.com/Energy/Crude-Oil/W ... -Dead.html

Resource investing is tricky and most investors, even sophisticated ones, can be fooled by the hype. It's very difficult to know whether something a company calls a reserve is actually a reserve—even more so since 2008 when the Securities and Exchange Commission allowed companies to use "proprietary methods" to determine reserves that are not subject to disclosure.

It's true that the amount of oil in any one formation can be huge. But that is of no practical consequence if you can't get the oil out at a profit and do that consistently.

Sanchez Energy Files for Ch. 11 Bankruptcy

by Valerie Jones|Rigzone Staff|Monday, August 12, 2019

The Houston-based exploration and production company has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
Houston-based Sanchez Energy Corporation has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, the company announced Sunday.

The decision comes after Sanchez enlisted advice from a restricting firm in Dec. 2018 to explore strategic alternatives.

Sanchez Energy said it has received commitments from senior leaders for $175 million in new financing, of which $25 million will be used to repay borrowings and replacement of a letter of credit which is currently outstanding.

Last month, New York-based private equity firm Apollo Global Management LLC was reportedly considering buying some of Sanchez’s debt.

“Sanchez Energy has assembled a high-quality asset base and has substantial liquidity to continue operating safely and efficiently, while we maintain productive relationships with our business partners and midstream counterparties,” Sanchez CEO Tony Sanchez, III, said in a company statement. “Over the last year, we have taken proactive steps to address the challenging oil and natural gas price environment, including stabilizing our production profile, improving our capital efficiency and reducing our overall cost structure. Undergoing a financial restructuring through a voluntary process represents the next phase for Sanchez Energy, as we work with our creditors on a plan to right-size our balance sheet, further invest in our assets and generate long-term value for our stakeholders.”

Sanchez also expressed that he was confident in the company’s future.

Sanchez has long-term debt of $2.4 billion, according to its first quarter 2019 earnings report.

We are currently focused on the horizontal development of significant resource potential from the Eagle Ford Shale in South Texas, and we also hold other producing properties and undeveloped acreage, including in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana which offers potential future development opportunities.

Halcon Resources Corp. and its subsidiaries last week filed voluntary petitions in bankruptcy court in Houston, reporting nearly $1.8 billion in total assets and almost $945.2 million in total debts, as of March 31.

The plan calls for holders of the company's $625 million outstanding 6.75% senior notes to receive 91.0% of the common stock of the reorganized Halcón, while existing common shareholders will receive 9.0% of the new common shares.

If approved by the court, that plan would eliminate more than $750 million in debt and reduce the company’s annual interest payments by more than $40 million.