Hedging Haircuts and Big Basis Moves

We just updated HedgeAware for the latest data reported by E&Ps for Q1 2018. This piece summarizes the more notable trends and observations on E&P hedging strategies and performance. The majority of current oil hedging positions held by US E&Ps have largely been carried over from several quarters ago. Weighted average prices for both fixed[…]

DUG Rockies and EPRINC Presentations

PetroNerds presented at the DUG Hart Energy Rockies conference last week in Denver.  Trisha Curtis discussed crude oil prices and their impact on Rockies region E&P activity as the Permian continues to attract large amounts of capital.  She also addressed improving well productivity in the Bakken and Powder River Basins and the infrastructure pressure on[…]

The PetroNerds Podcast – Episode 9: Get Ready for Q4 Earnings with a Reflection on Q3 (CLR and CDEV)

As we approach the release of Q4 2017 earnings for independent US oil and gas companies, Trisha Curtis reflects on Q3 earnings comments from Continental Resources CEO Harold Hamm and Centennial Resource Development CEO Mark Papa.  Her discussion examines CEO forecasts for Q4 related to profitability, productivity, and macroeconomics, creating benchmarks for us to assess[…]

Early Look at Natural Gas Hedging for Q4 2017

With the Q3 2017 earnings season well underway, we thought we’d check in on natural gas hedging positions for a handful of E&Ps that have already released earnings.  The analysis below utilizes our HedgeAware platform, which covers 40 E&Ps, to examine hedging positions as of the end of the Q3 2017 (September 30, 2017).  Stay tuned[…]

The PetroNerds Podcast – Episode 7: Cash Flow Concerns, Tech Sector Analogies, HedgeAware Intro

In this episode of The PetroNerds Podcast, Trisha Curtis discusses free cash flow concerns surrounding the US shale industry and comparisons to mainstream but cash flow negative tech companies.  This conversation explores differences in business models, pricing, intellectual property development, and buy-in costs.  Trisha also introduces PetroNerds’ new HedgeAware platform and covers hedging and financial[…]