Upstream Updates - Wednesday, July 17, 2024

Get real-time updates by following us on X (Twitter) @upstreamupdates

Author

Upstream Updates
July 17, 2024

|Today’s Upstream Updates

  • Oil prices ticked higher on falling US inventories

  • Novi Labs out with another interesting well performance analysis. The latest highlights >1 million barrel wells drilled since 2023. Check it out through the X (Twitter) link below, a few surprising basins noted

|Markets - Energy Prices

Product

Close

$ Change

% Change

WTI Oil

$81.14

+$0.38

+0.47%

Brent Crude

$83.97

+$0.24

+0.29%

HH Natural Gas

$2.203

+0.015

+0.69%

XOP

$148.36

+0.19

+0.13%

Note: pricing is as of time of publishing.

|Daily Energy News

  • Oil prices remain steady amid falling US inventories (Reuters)

  • US crude inventories fall again as fuel stock builds (OilPrice)

  • Energy Transfer and Sunoco announce Permian oil JV (Release)

  • Watchdog fines Hilcorp for North Slope violation (Anchorage Daily)

  • US power demand hits hourly record (Reuters)

  • TotalEnergies sees output at high end of guidance (WSJ)

  • US coal shipments declined 8% in 2023 as consumption fell (EIA)

  • Bolivia makes $7 BN natural gas discovery (World Oil)

  • Hurrican Beryl exposes fragile grid in energy capital (FT)

  • IEA - Gas Market Report 3Q-24 (IEA)

  • Dominion looks to build peaker plants to meet future demand (WVTF)

  • Court orders regulator to assess emissions on LNG project (Reuters)

|X (Twitter) Energy - Insightful Posts

  • Novi Labs - Where are the biggest wells today? (Link)

  • Russia 4-week avg exports fall to lowest level since January (Link)

  • Zyn News!! Plans to build new plant in CO to meet demand (Link)

|Monthly Upstream Deals

|Monthly Capital Markets Activity

  • Pending

|Partnerships

  • Interested in promoting your business to our network? Advertise in Upstream Updates by contacting us today at [email protected].

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