According to the IMF: Saudi Arabia will require an average oil price of $96.20 a barrel to balance its budget, assuming it holds crude output steady near 9.3 million bpd this year. #OOTT#Opec
Haynesville consolidation coming soon as well? Few days of bank meetings downtown Houston this week. Interest in brainstorming ways to create a true basin leader. Might help establish a more consistent tempo.
#OPEC + has a Russia problem. Deeper cuts this weekend, or find a way to improve compliance? No doubt there is a lot of grumbling about Russian free-riding.
I don’t often agree with Bloomberg, but this article lays out the challenges facing the Midland / Odessa area, which is chronically underserved relative to its economic contribution to Texas and the US. https://t.co/BL8CalLkK7
It's that time of year! 🏇
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Texas' power grid failed in early February 2021.
Hundreds of people died.
Neither the Texas Legislature, nor the gubernatorial appointees at both the Public Utilities Commission (PUC) and the Electric Reliability Council of Texas (ERCOT) have fixed it.
https://t.co/GEqfW20XpW