In the News
Wall Street Journal, Financial Times, BloombergMajor media outlets rely on our deep knowledge of the industry and our leading analytics tools for accurate forecasts and oil and gas industry insights.
U.S. Shale Boom Shows Signs of Peaking as Big Oil Wells Disappear
Wall Street Journal
The boom in oil production that over the last decade made the U.S. the world’s largest producer is waning, suggesting the era of shale growth is nearing its peak. Frackers are hitting fewer big gushers in the Permian Basin, America’s busiest oil patch, the latest sign they have drained their catalog of good wells.
Oil Frackers Brace for End of the U.S. Shale Boom
Wall Street Journal
The end of the boom is in sight for America’s fracking companies. Less than 3½ years after the shale revolution made the U.S. the world’s largest oil producer, companies in the oil fields of Texas, New Mexico and North Dakota have tapped many of their best wells.
Despite Starved of Capital, E&Ps Can Hold Production at 60% of ’19 Spend
Barclays
An Empire of Dying Wells
Bloomberg
Oil’s Sudden Rebound Is Exposing the Achilles’ Heel of Shale
Bloomberg News
Oil prices have surged more than 75% in the U.S. this month. But don’t expect a quick rebound in supply from shale explorers. The quick turnaround in oil markets is exposing the shale industry’s big weak spot: Lightning-fast production declines. Shale gushers turn to trickles so quickly that explorers must constantly drill new locations to sustain output.
U.S. Frackers to Zero In on Richest Oil Fields After Coronavirus
Wall Street Journal
Southwest’s Permian Basin to draw most new investment, while less-profitable fields face longer road to recovery.
Wanted: Somewhere, Anywhere, to Store Lots of Cheap Oil
Wall Street Journal
Storage schemes get creative, with would-be investors looking to sock it away in giant pools, caves or anywhere else.
John Benjamin York appointed new Chief Technology Officer
We are excited to announce the appointment of John Benjamin “Benji” York as our new Chief Technology Officer (CTO) to accelerate technological innovation and propel FLOW into its next phase of growth.
Inside Permian's Productivity Problem
Bloomberg Commodities Edge
CERAWeek by IHS Markit is the annual week-long gathering in Houston of some of the energy industry’s biggest names. Tom Loughrey, president of Friezo Loughrey Oil Well Partners, talks with Bloomberg’s Alix Steel about the themes from the conference, the issues with “parent-child wells” and the challenges for Permian producers.
Pessimism, Possible 'Takeunders' on the Oil Industry Horizon
Bloomberg Commodities Edge
BP Plc agreed to sell its entire business in Alaska to closely held Hilcorp Energy Co. for $5.6 billion, ending a six-decade presence in the state as oil production there declines. Tom Loughrey, president of Friezo Loughrey Oil Well Partners, and Mark Rossano, founder & CEO of C6 Capital Holdings, talk with Bloomberg’s Alix Steel about BP’s Alaskan exit, pessimism in the oil market and potential for “takeunders” in the industry.
What to Expect From Big Oil Earnings
Bloomberg Commodities Edge
Big oil companies wrapped up their earnings and now U.S. independent oil companies are on deck — reporting next week. Halliburton spooked markets on its earnings call by warning of a slowdown in the Permian. Tom Loughrey, FLOW president, and Fernando Valle, Bloomberg Intelligence integrated oil analyst, talk with Bloomberg’s Alix Steel about what to expect from earnings next week and whether there is overfracking in the Permian.
The “Big Short in Energy"
Hot take of the day
In January of 2018, Tom Loughrey had an idea. It was 2008 again, in a way, but this time for E&P companies. They were overvalued, not properly accounting for their inventory or type curves, and Tom saw it as the “Big Short in Energy”. He was shown the elevator in every office he pitched in. That lead him to build FLOW, a tool that helps investors understand the value of the assets in companies they want to buy. How can I stay in top of 50 companies with new data and pricing every day?
A Leader of America’s Fracking Boom Has Second Thoughts
Wall Street Journal
Pioneer Natural Resources once promised production to rival Libya. Now it’s pulling back.
Occidental’s $56bn gamble on finding value in shale
Financial Times
When Vicki Hollub stood up to speak at Occidental Petroleum’s annual meeting last Friday, she knew she was facing a sceptical audience. After three years as chief executive, she had just agreed the most ambitious move of her career, the $56bn acquisition of rival Anadarko Petroleum, and many investors feared she was overreaching.
A Fracking Experiment Fails to Pump as Predicted
Wall Street Journal
Encana’s cube project suggests output problems occur if oil wells are drilled too close together.
Frackers Scrounge for Cash as Wall Street Closes Doors
Wall Street Journal
Shale drillers are scrambling to raise cash as financing from Wall Street dries up.
The Permian Gas Problem Is Just Getting Worse
Bloomberg News
America’s top shale field is becoming increasingly gassy as drilling slows down, undercutting profits for explorers at a time when investors are demanding better returns.
Shale Doubters Finally Get Their Moment as Revolution Falters
Bloomberg News
FLOW’s sweet spot is the gap between expectation and reality when it comes to drillers’ projections of what their wells will actually produce. They use data number-crunched from state records and apply assumptions they say are more realistic than those offered by companies in investor presentations.
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