NORTH AMERICAN RIG WATCH | April 05, 2012

Baker Hughes

Baker Hughes shows 1,976 active rigs as of April 5, 2012, unchanged from a week ago. Oil rigs went up by +11 (ht: -2, vt-dir: +13) and total gas rigs went down by -11 (ht: -13, vt-dir: +2). Horizontal oil rigs went down by -3 in Anadarko (OK), followed by -2 in Bakken (ND), while going up by +2 in Anadarko (TX). Vertical/Directional oil rigs went up by +3 in Anadarko (OK) and +3 in Permian (TX). Horizontal gas rigs went down by -4 in Barnett (TX) and Marcellus (WV) and by -2 in Eagle Ford (TX.....

DOE CRUDE STATS | April 04, 2012

April 4, 2012

U.S. crude oil inventories increased by +9,009k bbl in the week ending March 30, while Cushing stocks built +729k bbl. Distillate inventories built +19k bbl and gasoline inventories dropped by -1,457k bbl. Please find attached this week’s detailed statistical report. Major data points: Crude oil inventories : Built +9.01m bbl (vs. the API estimate of +7.85m bbl), driven by an increase in PADD III of +6.11m bbl and with gains in all regions except for PADD V (-0.34m bbl). Stocks in .....

CFTC COT | March 30, 2012

Commitment of Traders Report - March 30, 2012

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 27. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. Non-commercials reduced net length in WTI for the second consecutive week during the week ended March 27. Non-commercial net length in WTI fell 7.8k to 279.0k in futures and.....

OIL PRICE MONITOR | March 30, 2012

March 30, 2012

Attached is this week’s Oil Price Monitor, which provides an overview of global oil market activity across a range of dimensions, from spot crude and product prices to forward curves, refining margins, product arbitrage, and weekly DOE EIA data.

NORTH AMERICAN RIG WATCH | March 30, 2012

Baker Hughes

Baker Hughes shows 1,976 active rigs as of March 30, 2012, up +11 rigs from a week ago. Oil rigs went up by +5 (ht: +1, vt-dir: +4) and total gas rigs went up by +6 (ht: +5, vt-dir: +1). Horizontal oil rigs went down by -5 in Eagle Ford (TX), followed by -3 in Anadarko (OK), while going up by +2 in Bakken (MT) and Permian (TX). Gas rigs did not have any significant moves on a regional basis.

NORTH AMERICAN RIG WATCH | March 30, 2012

Schlumberger (Smith) STATS

STATS shows 1,902 active rigs as of March 30, 2012, up +1 rig from a week ago. Oil rigs went up by +14 (ht: +17, vt-dir: -3) and total gas rigs fell by -13 (ht: -13, vt-dir: unch). Horizontal oil rigs went up by another +6 in Bakken (ND), followed by +2 in Anadarko (KS) and +2 in Monterey (CA), while vt-dir oil rigs fell by -4 in Monterey (CA). Horizontal gas rigs went down by -3 in Barnett (TX), Granite Wash (OK) and Woodford (Anadarko). Horizontal gas rigs went down by -2 in Eagle Ford (T.....

DOE CRUDE STATS | March 28, 2012

March 28, 2012

U.S. crude oil inventories increased by +7,102k bbl in the week ending March 23, while Cushing stocks built +1,043k bbl. Distillate inventories drew -711k bbl and gasoline inventories dropped by -3,537k bbl. Please find attached this week’s detailed statistical report. Major data points: Crude oil inventories : Built +7.1m bbl (vs. the API estimate of +3.6m bbl), driven by an increase in PADD III of +5.98m bbl that offset small declines in PADDs I and IV. Stocks in Cushing rose by .....

CFTC COT | March 23, 2012

Commitment of Traders Report - March 23, 2012

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 20. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. Non-commercial net length in WTI declined during the week ended March 20 but continues to remain at relatively elevated levels. Non-commercials cut their net long position by 4.....

OIL PRICE MONITOR | March 23, 2012

March 23, 2012

Attached is this week’s Oil Price Monitor, which provides an overview of global oil market activity across a range of dimensions, from spot crude and product prices to forward curves, refining margins, product arbitrage, and weekly DOE EIA data.

NORTH AMERICAN RIG WATCH | March 23, 2012

Schlumberger (Smith) STATS

STATS shows 1,901 active rigs as of March 23, 2012, up +3 rigs from a week ago. Total oil rigs were unchanged week on week (ht: +1, vt-dir: -1) and total gas rigs went up by +3 (ht: +6, vt-dir: -3). Horizontal oil rigs went up by +5 in Bakken (ND), while falling by -7 in Eagle Ford (TX). Permian (NM) gained another +5 vt-dir oil rigs. Horizontal gas rigs went up by +4 in Eagle Ford (TX), likely due to reclassification. In Granite Wash (TX) horizontal gas rigs went up by +4 and in Granite Was.....