Scott Shields Houston Katy Texas Gas LNG Consultant

Monthly U.S. Crude Oil Production Tops 11 Million Barrels Per Day for First Time Ever BY  JOHN GLENNON , scott shields repost, reposted by scott shields, houston, scott shields katy  NOV. 01, 2018   Leave a Comment 56 Shares 4   37   4   The Energy Information Administration (EIA)  released  data today that show monthly U.S. crude oil production surpassed 11 million barrels per day (p/d) for the first time time ever in August. This volume of production is more than double the level of crude oil produced by the U.S. in 2008 and confirms  earlier predictions  from the EIA that the U.S. would overtake Russia to become the world’s top crude producer this year: “U.S. crude oil production exceeded the Russian Ministry of Energy’s estimated August production of 11.2 million b/d, making the United States the  leading crude oil producer in the world .” (emphasis added) Of course, U.S. oil and natural gas producti...

Oil prices could 'super spike' above $150 a barrel, analyst warns By Matthew Rocco Published July 06, 2018 Oil FOXBusiness Reprint by Scott Shields Katy, Scott Shields Houston, www.morganshields.com Facebook Twitter Comments Print Is $80 oil right around the corner? Former Shell Oil President John Hofmeister on the outlook for oil prices. Oil prices could double and surge past all-time highs of around $150 a barrel with a possible supply crunch on the horizon, analysts at Bernstein Research warned. Energy producers had pulled back on spending during a period of weak crude prices, shunning large exploration projects. Only 15 companies are now responsible for 80% of global oil reserves, according to a Bernstein research note cited by CNBC Opens a New Window. . By cutting investments, the industry risks creating a shortage of oil in the long run, Bernstein said. “Any shortfall in supply will result in a super-spike in prices, ...

AP AP LNG Market Is Heating Up, with Netbacks from Asia Very Strong.  There are many international investors in the market right now the supply/demand picture, all originally caused by price elasticity of demand -- low prices meant many users switching to nat gas.  They are the same users who understand the long 7 year lead time to develop LNG export facilities.  Investors  understand the limited regulatory, governmental, and manageable natural gas price risks associated with the US, making investment in US liquefaction an appealing capital long term deployment strategy. Reposted by www.morganshields.com Scott Shields Katy Scott Shields Houston s Tellurian Reports First Quarter 2018 Result HOUSTON--(BUSINESS WIRE)--May 9, 2018--Tellurian Inc. (Tellurian) (NASDAQ: TELL) continued to build its global natural gas business during the first quarter of 2018. Notable Tellurian achievements: Initiated a process to raise $24 billion for ...