Upstream Updates - Tuesday, August 6, 2024

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Upstream Updates
August 06, 2024

| Today’s Upstream Updates

  • Tension in the Middle East and concerns over supply support oil prices

  • Earnings Today (8/6): CRC amc, DVN amc, GPOR amc, PR amc, REI amc (active links to quarterly releases and presentations below)

| Markets - Energy Prices

Product

Close

$ Change

% Change

WTI Oil

$73.33

+$0.39

+0.53%

Brent Crude

$76.65

+$0.35

+0.46%

HH Natural Gas

$1.954

+$0.012

+0.62%

XOP

$131.00

-$3.75

-2.78%

Note: pricing is as of time of publishing.

| Daily Energy News

  • Oil prices steady, supported by MIddle East supply concerns (Reuters)

  • Crude oil prices today outlook (FX Empire)

  • Oil price collapse halted by tension in the Middle Ease (OilPrice)

  • How conflict in the middle east could send oil higher (OilPrice)

  • Quantum Capital to buy Cogentrix for $3 BN (Reuters)

  • EOG tests 700’ spacing in the Utica (Hart Energy)

  • US gasoline prices continue to decline (OilPrice)

  • Natural gas, bearish outlook ahead (FX Empire)

  • Exxon reaches 1.2 MMboe/d in the Permian (energynews)

  • LNG ship faking location helping Russia avoid sanctions (Upstream)

  • Green Energy flops revive bets on natural gas (WSJ)

  • Thousands without power in Georgia after Debbie storm (Atlanta)

  • Libya’s largest oil field halts production (OilPrice)

  • OKC companies opt out of fund to clean up oil wells (ProPublica)

| X (Twitter) Energy - Insightful Posts

  • Flow of investor capital by sector (Link)

  • Chart - how oil & gas spends its profits (Link)

| Upstream Earnings - Releases & Presentations

| Monthly Upstream Deals

  • Pending Announced Deals

| Monthly Capital Markets Activity

  • Pending Announced Deals 

| Partnerships

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Disclaimer - The information provided in this newsletter is for informational purposes only and should not be construed as investment advice. The contents and references herein do not constitute a recommendation to buy, sell, or hold any securities. Readers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions based on the information provided herein. The authors and publisher of this newsletter are not liable for any actions taken by readers based on the information contained herei