Energy Prospectus

Considering how inexpensive natural gas sells for on a BTU basis, amazing to me that Americans still use over 3 billion gallons of heating oil per year. Mostly in the northeast.

https://www.eia.gov/energyexplained/ind ... ng_oil_use

Interesting article on North Dakota oil production which just hit an all time high. What jumps out, is how much more efficient the rigs are compared to 6 years ago. One would think the development cost per barrel continues to fall , at least on the drilling side. ************************************...

This is also good news for VNOM.

As pointed out previously VNOM will benefit from this deal. Looks like Mr Market agrees. Though oil is quite off it's highs of 3 weeks ago Vnom checked in with all time new high today.
https://finviz.com/quote.ashx?t=VNOM

A big winner on this deal medium to long term will be VNOM. They are the oil trust set up by FANG and get periodic drop downs from FANG. Fang gets bigger and that increases VNOM potential drop downs by 50%. VNOM pays out most of their cash flow in the form of distributions, that is at a current rate...

Couple of charts here as part of an interesting article. First is the decline rates of the major shale fields in the U.S. Not a pretty site. It's a treadmill for a company to keep increasing production. Of course that's true for any oilco but in the shale it goes double --or triple. Second chart is ...

Production engineers should be more involved in well planning, says WM's @RobertClarke_WM: "It's not ideal to design a complex well with a great initial potential rate if the design makes it challenging to keep it online for the next 20 years" https://www.mrt.com/business/oil/article/Repor...

Here is interesting series of charts on sagging oil production at a number of OCED countries.
And not even counting plunging Venezuela.