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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As U.S. Imposes Sanctions On Russian Oil Industry
FX Empire· 2025-01-10 18:23
EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Traders Focus On Cold Weather
FX Empire· 2025-01-09 18:59
EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Gasoline Inventories Rise
FX Empire· 2025-01-08 18:36
EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...
W&T Offshore Provides Updates on Recent Developments
Newsfilter· 2025-01-08 11:45
HOUSTON, Jan. 08, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T" or the "Company") today provided operational and financial updates on recent developments. Recently signed a purchase and sale agreement ("PSA") to sell a non-core interest in Garden Banks Blocks 385 and 386 which included latest net production of approximately 195 barrels of oil equivalent per day ("Boe/d") (72% oil) for $12.3 million;Announces that the West Delta 73 field, which W&T acquired in January 2024, is expected to com ...
W&T Offshore Provides Updates on Recent Developments
GlobeNewswire· 2025-01-08 11:45
Core Viewpoint - W&T Offshore, Inc. is optimistic about its financial and operational outlook for 2025, driven by strategic asset sales and the anticipated return to production of key fields [2][3]. Financial Updates - The company sold non-core interests in Garden Banks Blocks 385 and 386 for $12.3 million, with net production of approximately 195 Boe/d, which is expected to positively impact the balance sheet [3][6]. - A cash settlement of $58.5 million is expected to be received in January 2025 related to a casualty loss at the Mobile Bay 78-1 well [6][7]. Operational Developments - W&T expects to restart production at the West Delta 73 field by mid-second quarter of 2025, following a resolution with the third-party pipeline operator [4]. - The Main Pass 108 and 98 fields, which have been shut in since June 2024, are projected to return to production by early second quarter of 2025, contingent on obtaining necessary governmental approvals [5][6]. Production Metrics - Prior to being shut in, the Main Pass fields averaged a combined production of 6.1 MMcfe/d (78% gas) in June 2024 [6]. - The Mobile Bay net production, excluding certain fields, averaged around 72.8 MMcfe/d (81% gas) from October 2023 to September 2024 [7]. Regulatory Environment - A recent Presidential ban on new offshore oil and gas drilling does not affect W&T's operations, as the company has no production or leases impacted by this action [8].
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Traders Focus On Potential Supply Disruptions
FX Empire· 2025-01-07 18:08
EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Retreat On Profit-Taking
FX Empire· 2025-01-06 18:34
EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground Amid Lack Of Strong Catalysts
FX Empire· 2024-12-30 18:28
EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...
Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Gains Ground As Crude Inventories Decrease By 4.2 Million Barrels
FX Empire· 2024-12-27 18:16
EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Gain Ground In Holiday-Thinned Trade
FX Empire· 2024-12-24 18:22
EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...