PRIMARY VISION INSIGHTS MONDAY 9 September, 2019
Tumbling U.S. Frac Spreads By Mark Rossano The U.S. frac spread activity continues to decline on the national scale with 8/30 projecting active spreads at 395 down from the peak of 482 from the week of April 5th. The biggest…
PRIMARY VISION INSIGHTS MONDAY 19 August, 2019
Seasonality and Activity in Shale By Mark Rossano Completion activity typically adjusts based on weather as freeze-offs or difficult conditions shift when wells are frac’ed in the short term. This was a bigger factor when more activity took place in…
PRIMARY VISION INSIGHTS MONDAY 12 August, 2019
By Mark Rossano U.S Completions The North America crude market is going to continue to struggle as crude prices remain under pressure. Oil rigs are now heading below 2017 levels, which will be reached in the next week or two…
PRIMARY VISION INSIGHTS TUESDAY 30 July, 2019
By Mark Rossano U.S. Completions The U.S. energy market remains under pressure as E&Ps limit activity to remain within CAPEX/ Cash flow guidance. Capital expenditures are coming under pressure with independent oil companies- especially SMID caps limiting activity as crude…
PRIMARY VISION INSIGHTS MONDAY 01 July, 2019
By Mark Rossano U.S. Completions Plains All American’s Texas Cactus II pipeline is tracking on schedule with partial service in late 3Q with full service by 1Q, as pipeline capacity expands to 670k b/d from the original 585k b/d. The…
PRIMARY VISION INSIGHTS MONDAY 3 June, 2019
By Mark Rossano Global Energy Markets The global markets remain in a volatile position, with contradictory factors impacting crude supply/demand. On the bullish side: OPEC+ has indicated maintaining production cuts through the end of the year as global crude…
PRIMARY VISION INSIGHTS MONDAY APRIL 29, 2019
By Mark Rossano Completions are ramping throughout the U.S. with a growing focus in the Permian, which is providing the largest percent of y/y acceleration. The Permian has accounted for 26% y/y oil growth, while only seeing 5.7% rig…
Its Official: The Permian is Getting Crushed
Crude prices have been declining the past few months as there’s a perception of an oversupplied market and added tension in trade talks with China. In October 2018, oil prices did bounce back as a result of OPECs announced…
Southwestern Energy Future and Activity Levels
In a recent activity, the natural gas producer Southwestern Energy (SWN) forged a deal with Flywheel Energy, LLC (founded last year with the backing of Kayne Private Energy Income Funds) to sell off its Fayetteville Shale E&P and related midstream…
Bitcoin vs. Crude: The First Act
Bitcoin had a remarkable run in 2017. Many traders and speculators even suggested Bitcoin to be a long-term asset class that may be used in portfolio construction with proper diversification. On the other hand, oil being one of the…