Cushing has improved to more than $70/bbl, but WTI Midland has been fetching as much as $10/bbl less. Many Permian producers are using basis hedges to ride out the new-takeaway drought. Some have firm transport directly to export markets. How are Permian producers minding the gap? Listen in as Reed Olmstead, an expert from IHS Markit, provides further insight.
SPEAKER:
- Reed Olmstead, director of North American onshore research and business development at IHS Markit.
Recommended Reading
US Oil, Gas Rig Count Falls to Lowest Since Dec 2021
2025-01-24 - The oil and gas rig count fell by four to 576 in the week to Jan. 24. Baker Hughes said this week's decline puts the total rig count down 45, or 7% 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.
US Drillers Cut Oil, Gas Rigs for First Time in Six Weeks
2025-03-07 - Baker Hughes said this week's decline puts the total rig count down 30, or 5% below this time last year.
QatarEnergy Joins Joint Venture Offshore Namibia
2024-12-17 - QatarEnergy acquired a 27.5% stake in petroleum exploration license 90 offshore Namibia.
Ring May Drill—or Sell—Barnett, Devonian Assets in Eastern Permian
2025-03-07 - Ring Energy could look to drill—or sell—Barnett and Devonian horizontal locations on the eastern side of the Permian’s Central Basin Platform. Major E&Ps are testing and tinkering on Barnett well designs nearby.
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.