Price Watch
A daily bulletin about oil and gas
The Futures
Oil and gas prices are more than numbers—they reflect global events, technological advancements, and environmental concerns.
Horizon Energy Digest
USA Crude Oil Stocks Drop Nearly 2MM Barrels WoW
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 1.8 million barrels from the week ending November 28 to the week ending December 5, the U.S. Energy Information Administration (EIA) highlighted in its latest weekly petroleum status report.
LandBridge Announces BESS Development Agreements with Samsung C&T Renewables
LandBridge Company LLC today announced that it has entered into development agreements (Option to Lease Agreements) with subsidiaries of Samsung C&T Renewables, LLC (“SCTR”) providing the option to lease acreage for two potential Battery Energy Storage System projects in Pecos and Loving counties, Texas with an aggregate capacity of 350 MW.
Curious Minds Corner
What does “proven reserves” mean in the oil industry?
“Proven reserves” refers to the amount of oil that is reasonably certain to be recoverable under current economic and technological conditions.