WTI

BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the First Quarter of 2024

Retrieved on: 
Friday, April 5, 2024
Oil, Gas, Energy, WTI, Internet, Security (finance), Trust, Annual report, Business analyst, Trustee, Calendar

The average daily closing WTI price was below the “break-even” price for the quarter, resulting in a negative value for the payment calculation for the quarter.

Key Points: 
  • The average daily closing WTI price was below the “break-even” price for the quarter, resulting in a negative value for the payment calculation for the quarter.
  • However, as provided in the Trust Agreement, the payment with respect to the Royalty Interest for any calendar quarter may not be less than zero.
  • Forward-looking statements in this press release are subject to a number of risks and uncertainties beyond the control of the Trustee.
  • The actual results, performance and prospects of the Trust could differ materially from those expressed or implied by forward-looking statements.

Intercontinental Exchange Reports March and First Quarter 2024 Statistics

Retrieved on: 
Wednesday, April 3, 2024
Professional Services, Oil, Gas, Agriculture, Natural Resources, Energy, Finance, Banking, Monthly, Risk management, Intercontinental Exchange, Intercontinental, WTI, Risk, OI, Yoy, TotalEnergies, ICE, Metal, Coffee, ADV, Total, SONIA, Cardboard

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today reported March 2024 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today reported March 2024 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.
  • “For over two decades, ICE has been building a global network of products across commodities and financial markets to deliver comprehensive risk management solutions for our customers as well as round the clock price transparency and capital efficiencies,” said Benjamin Jackson, President, at ICE.
  • “The continued strength of our global energy complex, which saw record volume and open interest through the start of 2024, demonstrates the value our customers find from ICE’s platform to allow them to hedge their risk as supply chains become increasingly complex.”
    Total average daily volume (ADV) up 4% y/y; open interest (OI) up 20% y/y, including record OI of 93.7M lots on March 14
    Energy ADV up 17% y/y; OI up 22% y/y, including record OI of 59.6M lots on March 22
    Total Oil ADV up 17% y/y; OI up 18% y/y
    Brent ADV up 2% y/y; OI up 3% y/y
    WTI ADV up 39% y/y; OI up 17% y/y
    Gasoil ADV up 25% y/y; OI up 60% y/y, including record options OI of 177k lots on March 28
    Record Other Crude & Refined products ADV up 49% y/y; OI up 27% y/y
    Record Dubai ADV up 59% y/y; OI up 19% y/y, including record OI of 1.0M lots on March 28
    Record Murban ADV up 152% y/y; OI up 20% y/y
    Total Natural Gas ADV up 18% y/y; OI up 26% y/y, including record OI of 40.2M lots on March 22
    North American Gas ADV up 7% y/y; OI up 21% y/y, including record futures OI of 18.5M lots on March 22
    TTF Gas ADV up 52% y/y; OI up 89% y/y, including record OI of 4.3M lots on March 25
    Asia Gas ADV up 80% y/y; OI up 46% y/y
    Total Environmentals ADV up 32% y/y; OI up 15% y/y
    Total Ags & Metals ADV up 2% y/y; OI up 7% y/y
    Cocoa ADV up 13% y/y; OI up 28% y/y
    Coffee ADV up 13% y/y; OI up 9% y/y
    Cotton ADV up 13% y/y; OI up 8% y/y
    SONIA ADV up 40% y/y; OI up 191% y/y
    Total Natural Gas ADV up 34% y/y, including record options of 570k lots
    North American Gas ADV up 28% y/y, including record options of 501k lots
    Cotton ADV up 33% y/y, including record futures of 54.9k lots

Global Drilling Tools Market Outlook 2024-2029, Featuring Key Vendors Continental, Infineon Technologies, Benchmark, Baker Hughes, Halliburton and National Oilwell Varco - ResearchAndMarkets.com

Retrieved on: 
Monday, April 1, 2024
Oil, Gas, Energy, Infineon Technologies, Natural gas, Growth, COP, Horizontal, Environment, WTI, Mineral, Carbon, Investment, CO2, Safety, Coal, USD, Engineering, Mining

Global players in the drilling tools market, such as Continental, Infineon Technologies, Benchmark, and Baker Hughes, are trying to expand their markets through profitable partnerships and merger strategies.

Key Points: 
  • Global players in the drilling tools market, such as Continental, Infineon Technologies, Benchmark, and Baker Hughes, are trying to expand their markets through profitable partnerships and merger strategies.
  • The global drilling tools market by tools type is segmented as drill bits, drill collars, drill jars, drilling tubulars, drilling motors, drill swivels, drill reamers & stabilizers, and others.
  • The horizontal directional drilling techniques segment holds the most prominent share of the global drilling tools market.
  • North America held the most significant global drilling tools market share, valued at over USD 2 billion in 2023.

EQS-News: Operational update: Record production in 2023 and promising start in 2024

Retrieved on: 
Wednesday, March 13, 2024
NYMEX, USD, Annual report, Management, Transport, EUR, JV, WTI, IP, Oxy, Huckleberry, Oil

15,500 BOEPD

Key Points: 
  • 15,500 BOEPD
    The oil and gas production of Deutsche Rohstoff reached a new record of approx.
  • In 2023, the average oil price was USD 77.58/BBL, slightly above the price assumption of USD 75/BBL in the base scenario.
  • The completion and start of production of the 3 wells is still planned for summer 2024.
  • For the years 2024 and 2025, a total of around 2 million barrels have been hedged at around USD 75/BBL.

RIXX Invest AG completes first development phase of Rattlesnake Oil and Gas LLC

Retrieved on: 
Wednesday, March 13, 2024
Acquisition, USD, West Texas Intermediate, WTI, Rattlesnake, KPMG, Oil

Berlin, February 21, 2024 - RIXX Invest AG, Berlin, has successfully completed the first phase of the development in production areas of Rattlesnake Oil and Gas LLC in Texas (USA).

Key Points: 
  • Berlin, February 21, 2024 - RIXX Invest AG, Berlin, has successfully completed the first phase of the development in production areas of Rattlesnake Oil and Gas LLC in Texas (USA).
  • RIXX Invest AG acquired Rattlesnake Oil and Gas LLC, headquartered in Dover (Delaware), USA, at the end of August 2023.
  • The production areas of Rattlesnake LLC cover around 5,700 hectares and offer the potential to reactivate up to 200 existing but currently largely inactive oil production wells.
  • RIXX had already announced its intention to acquire further oil production areas in the future.

EQS-News: Deutsche Rohstoff AG: Reserve report 2024 - Value of oil and gas reserves increases despite record production in the previous year and sale of Utah assets

Retrieved on: 
Wednesday, March 13, 2024
USD, Investment, Growth, Sale, Partner, WTI, OPEX, Henry Hub, CAPEX, Oil

Deutsche Rohstoff AG today published the results of its annual oil & gas reserve reports.

Key Points: 
  • Deutsche Rohstoff AG today published the results of its annual oil & gas reserve reports.
  • The reserve values are calculated using the oil price (WTI) and natural gas forward curve as of 31 December 2023.
  • Proved developed producing reserves increased by 28% to 18.9 million BOE (52% oil) (previous year: 14.8 million BOE/42% oil).
  • The discounted value of the producing wells amounts to USD 313 million as of 31 December 2023 (previous year: USD 246 million).

Freehold Royalties Announces Fourth Quarter and Full Year 2023 Results, Reserves and Guidance for 2024

Retrieved on: 
Wednesday, February 28, 2024
Permian, Acquisition, Growth, NGL, Eagle Ford, Dallas, WTI, Oil

Oil and NGL production grew by 3% versus the previous quarter and 6% when compared to the same period in 2022.

Key Points: 
  • Oil and NGL production grew by 3% versus the previous quarter and 6% when compared to the same period in 2022.
  • Cash costs(1) for the quarter totalled $4.73/boe, down 7% versus the previous quarter and 9% from the same period in 2022.
  • Freehold experienced a record leasing year in 2023 with 122 agreements signed during the period, a 53% increase from 2022.
  • In total, Freehold estimates approximately $7.7 billion in gross third-party capital was spent on its royalty lands in 2023 up from $6.3 billion in 2022.

Vital Energy Reports Fourth-Quarter and Full-Year 2023 Financial and Operating Results

Retrieved on: 
Wednesday, February 21, 2024
Permian, Vitalism, Delaware Basin, TIL, Investment, OK, GAAP, LTIP, Consolidated, WTI, Webcast, G&A, MBO, GHG, Methane

TULSA, OK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today reported fourth-quarter and full-year 2023 financial and operating results and provided its 2024 outlook. Supplemental slides have been posted to the Company's website and can be found at www.vitalenergy.com. A conference call and webcast is planned for 7:30 a.m. CT, Thursday, February 22, 2024. Participation details can be found within this release.

Key Points: 
  • Plans to invest $750 - $850 million, increasing FY-24 oil production ~10% from 4Q-23 exit
    TULSA, OK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today reported fourth-quarter and full-year 2023 financial and operating results and provided its 2024 outlook.
  • "We now have the scale and inventory to sustainably maximize cash flows from operating activities and generate Adjusted Free Cash Flow.
  • In 2023, Vital Energy published the Company's fourth Sustainability Report and an inaugural Climate Risk and Resilience Report.
  • In 2023, Vital Energy expanded this certification to approximately 60% of its gross operated oil production and became the first company to receive the TrustWell Low Methane Rating.

Letter to Stockholders Issued by Diamondback Energy, Inc.

Retrieved on: 
Tuesday, February 20, 2024
Permian, Acquisition, Free cash flow, OPEC, Growth, CFPS, NGL, Sale, West Texas Intermediate, Viperidae, Letter, FCF, IPO, Firebird, Deep Blue, DD, WTI, LOE, Security (finance), EPS, Endeavour, G&A, MBO, GRP, Oil

Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter.

Key Points: 
  • Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter.
  • The fourth quarter of 2023 rounded out a great year for Diamondback Energy and our stockholders.
  • Diamondback is focused on per share growth, and we have now grown oil production per share 14x since our 2012 IPO.
  • Therefore, Diamondback is positioned to maintain our production, grow Free Cash Flow and return that Free Cash Flow to our stockholders.

Intercontinental Exchange Reports February 2024 Statistics

Retrieved on: 
Tuesday, March 5, 2024
Professional Services, Oil, Gas, Agriculture, Natural Resources, Energy, Finance, Banking, Interest, Total, ADV, Intercontinental Exchange, ICE, Intercontinental, TotalEnergies, OI, WTI, Natural gas, Monthly, Yoy, Metal, Cardboard

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today reported February 2024 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.
  • Total average daily volume (ADV) up 19% y/y; open interest (OI) up 21% y/y, including record OI of 92.3M lots on February 23
    Energy ADV up 31% y/y; OI up 24% y/y, including record OI of 58.7M lots on February 23
    Total Oil ADV up 24% y/y; OI up 22% y/y
    Brent ADV up 15% y/y; OI up 4% y/y
    WTI ADV up 62% y/y; OI up 32% y/y
    Gasoil ADV up 18% y/y; OI up 53% y/y
    Other Crude & Refined products ADV up 41% y/y; OI up 34% y/y
    Total Natural gas ADV up 42% y/y; OI up 29% y/y, including record OI of 39.6M lots on February 23
    North American gas ADV up 36% y/y; OI up 24% y/y, including record futures OI of 18.2M lots on February 23
    Record TTF gas ADV up 71% y/y; OI up 96% y/y, including record OI of 4.0M lots on February 22
    Record Asia gas ADV up 98% y/y; OI up 45% y/y
    Total Environmentals ADV up 26% y/y; OI up 6% y/y
    Record total Ags & Metals ADV up 19% y/y; OI up 16% y/y
    Record Cocoa ADV up 75% y/y; OI up 48% y/y, including record options OI of 1.3M lots on February 28
    Cotton ADV up 59% y/y; OI up 15% y/y
    Total Financials ADV up 5% y/y; OI up 15% y/y
    Total Interest Rates ADV up 8% y/y; OI up 23% y/y
    Record SONIA ADV up 28% y/y; OI up 114% y/y