We’re at the point in the Great Oil Deflation of 2015 that it can’t really be called deflation anymore since everything about the oil & gas industry is already flat. Rigs are down, DUC wells increasing, more jobs lost and more companies going belly-up or just hanging on. And the guy from the bank, who […]
For every winner there is a loser, or at least someone who runs a greater risk of losing. The low-price landscape oil & gas operators face means new efficiencies and smarter development are the order of the day. It also forces service companies to cut forty cents off every dollar they bid for drilling and […]
Timing is everything. If you don’t believe me, read what these big-thinkers had to say about timing. “Patience is power. Patience is not an absence of action; rather it is timing, it waits on the right time to act and then acts in the right way.” ― Bishop Fulton J. Sheen “The right thing at […]
The downpour of bad news slows to a drizzle while dark clouds give way to a solid gray overcast. And the weather is improving, too. Oil prices enter the fifth month of 2015 within a whisker of $60 a barrel and the drumbeat of news about job losses across the industry has slacked. Some say […]
These are strange and difficult times indeed. Crude oil prices continue to skid along the muddy bottom, supplies remain at historic highs, refineries are back to near-full capacity after strikes were settled at all but four. And, the American motorist is now well used to paying less than two-fifty a gallon for regular. The correction […]
⇒ 1Q15 Results, see below For some time now, we have been concerned about the oil and gas industry’s apparent inability to tell its story. It is a concern shared by many, from the retired president of Shell Oil to a philosophy graduate who makes it a moral issue. At many an industry conference, a […]
The steep decline in oil prices this year is rippling through the industry like a tsunami and organizations large and small are facing a period of uncertainty. And with the anxiety that grows from uncertainty, company leaders must recognize unease and manage its impact. As individuals, feeling anxious when the road ahead looks dark is […]
Three posts for the price of one There is a lot to catch up on so let’s start with the topic that is driving headlines and creating interesting new ways of saying the same thing: sliding oil prices. After three months of unrelenting and panicky stories on every business and trade website from Oslo to […]
Out of pure frustration and some curiosity, I dug the crystal ball out of the closet this morning to see which way oil prices are really headed. The results, as they say, will surprise you. First, I should tell you about my crystal ball. It’s made of a nice, pearlized polyurethane and is often mistaken […]
