RigData Insights

Commodity Prices Improve

  • Friday, September 21, 2018
  • Posted By Greg Tsichlis

UPOil
Trey Cowan, Senior Industry Analysts, S&P Global Platts

Source: Rigs and Drilling Analytical Report (RADAR), September 20, 2018

WTI crude settled at $71.12 on September 9, 2018 for the front-month contract. Crude prices relative to one week ago were up by +$0.75 per barrel. Supply disruptions caused by geopolitical risks (think Venezuela and Iran) continue to be supportive to oil prices.

 

Natural gas prices have been taking their cue from weather-driven demand. Specifically, Henry Hub Natural Gas Futures settled at $2.908 per mmBtu on September 19, 2018 for the front-month contract, eight cents better than the prices last week. Given that storage levels are tracking well off the 5 year averages, prices could get quite volatile if a warm winter season does not materialize.

 


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Upstream Activity Data for North America 

For more information on North American upstream activity including permitting, drilling activity, production and completion data please contact S&P Global Platts via email CustomerService.RigData@spglobal.com or call 800-371-0083.

 

 



      FREE TRIAL OFFER

 

Receive a free one month trial of Platts Land Rig Newsletter (4 issues). Each week you'll receive the latest analysis of unconventional activities and general trends in the upstream market. Operators are categorized by the major shale plays and unconventional formations where activity is occurring. Plus, you'll see the drilling contractors involved by play with details on utilization, footage and market share. (Available in pdf and Excel format.)

Call 800-371-0083 or email CustomerService.RigData@spglobal.com.

Mention code 7HHONRPT



      FREE TRIAL OFFER

 

Receive a free one month trial of Platts Land Rig Newsletter (4 issues). Each week you'll receive the latest analysis of unconventional activities and general trends in the upstream market. Operators are categorized by the major shale plays and unconventional formations where activity is occurring. Plus, you'll see the drilling contractors involved by play with details on utilization, footage and market share. (Available in pdf and Excel format.)

Call 800-371-0083 or email CustomerService.RigData@spglobal.com.

Mention code 7HHONRPT


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