Tom Petrie, Chairman, Petrie Partners, joined Hart Energy from his office in downtown Denver to talk about several oil market trends and observations in this crucial moment in time for the industry. Just how long is that moment? Tom offers his insights on that and more, including re-inflation of energy, rigs going back to work, pipelines vulnerable to both policy and hackers, natural gas as a lower carbon emitter and intermittency issue that have yet to be addressed with credibility.
Tom was scheduled to present these observation and insight at the recently held DUG Permian Basin + Eagle Ford in Fort Worth. Unfortunately, he was unable to make it. But this is too good to miss, so we’re sending his presentation to you directly.
Topics covered in this video include:
- Global 2021 oil recovery trends
- Biden administration’s energy policy initiatives
- Market trends and the Platts American Gulf Coast Select Index
- OPEC and OPEC+ issues and headwinds
- Mixed messages on energy policy
- Geopolitical drivers
- Observations
Recommended Reading
US Drillers Cut Oil, Gas Rigs for First Time in Six Weeks
2025-01-10 - The oil and gas rig count fell by five to 584 in the week to Jan. 10, the lowest since November.
Baker Hughes: US Drillers Keep Oil, NatGas Rigs Unchanged for Second Week
2024-12-20 - U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row.
Baker Hughes: US Drillers Keep Oil and NatGas Rigs Unchanged for Third Week
2024-12-27 - U.S. energy firms this week operated the same number of oil and natural gas rigs for third week in a row.
US Oil, Gas Rig Count Holds Steady for Record Third Week
2024-11-08 - The oil and gas rig count was steady at 585 in the week to Nov. 8, Baker Hughes said on Nov. 8. Baker Hughes said that puts the total rig count down 31 rigs, or 5% below this time last year.
US Drillers Cut Oil, Gas Rigs to Lowest Since December 2021, Baker Hughes Says
2025-01-17 - The oil and gas rig count fell by four to 580 in the week to Jan. 17.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.