05.12.2020 - By Ryan Ray
This week, Josh and Ryan talk about budget cuts for oil majors, market rebalancing, and production drops as rig counts in the Permian go below 200. We also touch on the Texas Railroad Commission rejecting production cuts, Chesapeake filing for bankruptcy (Jason is dead, it seems) and the political fallout of the Coronavirus.
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This week's articles:
https://www.mrt.com/business/oil/article/In-historic-oil-shutdown-hard-part-is-picking-15246248.php
https://www.mrt.com/business/oil/article/Oil-recovery-task-force-crafts-recommendations-to-15257124.php
https://www.hartenergy.com/exclusives/lending-helping-hand-oilfield-workers-187481
https://www.hartenergy.com/news/falling-diesel-use-makes-us-oil-industry-snake-biting-its-own-tail-187503
https://www.mrt.com/business/oil/article/Oxy-takes-1-4-billion-writedown-cuts-budget-15249567.php
https://seekingalpha-com.cdn.ampproject.org/c/s/seekingalpha.com/amp/article/4343166-exxon-mobil-acquisition-offer-made-see-deals,
https://www.wsj.com/articles/occidental-seeks-to-lessen-roughly-40-billion-debt-load-11588705437
https://pubs.spe.org/en/jpt/jpt-article-detail/?art=7014
https://pubs.spe.org/en/jpt/jpt-article-detail/?art=7011
https://www.mrt.com/business/energy/article/BP-Profit-Plunges-Debt-Rises-on-Effects-of-15231216.php
https://www.hartenergy.com/news/shale-producer-eog-resources-shut-existing-wells-187482
https://www.hartenergy.com/news/pioneer-natural-resources-boosts-spending-cuts-oil-slump-bites-187452
https://www.hartenergy.com/news/apache-posts-quarterly-loss-value-oil-assets-drops-187453
https://pubs.spe.org/en/jpt/jpt-article-detail/?art=6997
https://truthout.org/articles/the-fed-just-changed-its-own-rules-to-bail-out-the-fossil-fuel-industry/
https://www.oilandgas360.com/covid-19-disrupts-global-supply-of-critical-minerals/
https://www.mrt.com/business/oil/article/Oil-Economics-101-Part-2-Changes-in-crude-oil-15259522.php
https://www.mrt.com/business/oil/article/Crude-oil-climbs-24-percent-this-week-15257884.php
https://www.mrt.com/business/energy/article/Oil-Falls-on-Ample-Supply-as-Investors-Shun-15244529.php
https://www.mrt.com/business/oil/article/Oil-rises-on-hope-that-Saudi-price-hike-will-aid-15253917.php
https://www.mrt.com/business/oil/article/Permian-Highway-Pipeline-continues-to-progress-15259449.php
https://www.mrt.com/business/oil/article/Drilling-sinks-to-record-U-S-low-15257279.php
https://www.mrt.com/business/oil/article/Permian-rig-count-drops-below-200-15257911.php
https://www.rigzone.com/news/2020_oil_demand_expected_to_drop_11_percent-08-may-2020-162028-article/
https://www.mrt.com/business/oil/article/Shale-producers-hint-at-possible-fracking-revival-15248231.php
https://www.mrt.com/business/oil/article/OPINION-Don-t-mistake-higher-oil-prices-for-a-15260045.php
https://www.mrt.com/business/oil/article/Morningstar-sees-inevitable-recovery-in-oil-15259427.php
https://www.hartenergy.com/news/ceo-top-us-shale-producer-sees-oil-price-recovery-continuing-187470
https://www.rigzone.com/news/oil_metric_shows_demand_comeback-08-may-2020-162031-article/
https://www.mrt.com/business/oil/article/RRC-votes-against-requiring-cuts-15248682.php
https://pubs.spe.org/en/jpt/jpt-article-detail/?art=7004
https://www.mrt.com/business/energy/article/Getting-oil-to-flow-again-won-t-easy-15256337.php
https://www.rigzone.com/news/wire/permian_drillers_slash_output_themselves-04-may-2020-161979-article/
https://www.npr.org/2020/05/05/850105225/texas-was-the-model-for-opec-but-its-not-likely-to-limit-oil-production-now
https://www.mrt.com/business/oil/article/Permian-Drillers-Slash-Output-Even-More-After-15247995.php
https://www.mrt.com/business/oil/article/Shale-Drillers-Risk-Relapse-Into-Rampant-Oil-15251232.php
https://www.hartenergy.com/news/basic-energy-launches-automated-water-management-solution-permian-operator-187489
https://www.hartenergy.com/exclusives/waterbridge-names-co-ceos-founder-stephen-johnson-steps-new-role-187505
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