Strong Inventory Draws Suggest OPEC Deal Is Working

23 Aug 2017   OPEC

The EIA included the Anadarko Region in its Drilling Productivity Report for the first time, a sign that the Oklahoma area is gaining importance for oil and gas exploration. • The region’s most important areas are the STACK and SCOOP plays, which have seen a surge in investment and drilling in the past few years. • The Anadarko is expected to produce over 6 bcf/d of natural gas and over 450,000 bpd of oil in September. Market Movers • Royal Dutch Shell (NYSE: RDS.A) is reportedly in talks to purchase natural gas from Israel’s Leviathan field, combine it with gas from the Aphrodite field off the coast of Cyprus, and use it in order to service an LNG terminal in Egypt. The gas fields are turning the Eastern Mediterranean into a major […]

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