Scharf Investments, LLC’s Post

With global energy demand expected to grow 20% by 2030, Texas remains a critical player in meeting this demand. Timing is everything, and oil prices, geopolitical stability, and technological advancements make 2024 a prime year to invest. Tactical Approach: >> Monitor crude oil prices through trusted platforms like Bloomberg and https://hubs.ly/Q030FLlP0. >> Take advantage of high rig count activity in the Permian Basin (51% of U.S. rigs) to secure assets with immediate potential. >> Consider early-stage investments to capture upside during market rebounds. 📊 Leaders to Follow: Bloomberg Energy (@Bloomberg): Daily market updates. Texas Oil & Gas Association (@TXOGA): Local trends. Salazar Capital Ventures #TimingMatters #OilAndGas #InvestTexas

Elliott Gue and I discuss the erroneous projections made by prominent energy agencies about a supposed oil surplus in early 2025. The analysis points out critical flaws, especially in the expected growth of U.S. shale oil production, which has remained stagnant for over 18 months. The conversation delves into the economics of shale production, highlighting the direct correlation between oil prices and capital expenditures by oil companies. We explain why oil producers are hesitant to increase production unless prices justify the higher spending, emphasizing the finite nature of drilling locations and the strategic decisions involved in managing production costs. For Full interview, click here: https://loom.ly/ZZDt-ZY

🚨 US Rig Count Rises for the First Time in Weeks! 🚨 Suhas Reddy writes that the US oil and gas industry is showing renewed activity after a 3-week slump. For the week ending December 6, the Baker Hughes report highlights a 7-rig increase, bringing the total to 589, a promising rebound. 📊 Key Highlights: 🔸 Oil rigs up by 5, reaching 482 (highest since mid-October). 🔸Gas rigs up by 2, totaling 102. 🔸US oil production hits a record-breaking 13.51 million barrels per day (surpassing the previous record of 13.5m bpd). 🔸Activity surged in Texas, Utah, California, Pennsylvania, and North Dakota, offset by minor declines in Ohio and Oklahoma. 🔸The Permian Basin, which continues to dominate as the US’s top hydrocarbon-producing region. Dive deeper into the data, trends, and regional insights in our full report on Smartkarma. #OilAndGas #EnergyMarket #RigCount #BakerHughes #EnergyInsights #PermianBasin #USProduction #OilRigs

Everything’s bigger in Texas, including our contribution to the nation's energy landscape! 🛢️ With 34 petroleum refineries processing a staggering 6.3 million barrels of crude oil every single day, Texas doesn’t just keep the lights on—it powers dreams, industries, and communities across the country. That’s nearly 1/3rd of the nation’s refining capacity, right here in the Lone Star State. 🇺🇸 From the Gulf Coast to the Permian Basin, this is more than oil and numbers—it’s the story of thousands of hardworking Texans driving innovation, fueling economies, and building a brighter future. Texas isn’t just refining oil—it’s shaping the energy future. #MadeInAmerica #OilandGas #Texas #OilRefineries #Innovation #EnergyIndustry #BlackFrac

The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves announced a solicitation for up to 3.3 million barrels of oil for delivery to the Strategic Petroleum Reserve (SPR) in October. What is the Strategic Petroleum Reserve? It's the world's largest supply of emergency crude oil and is used to reduce the impact of disruptions in the petroleum product supply chain. If you’d like to learn more about the federal mission, academia, or information technology, connect with our CEO Pete Tseronis and follow Dots and Bridges here https://lnkd.in/eeCr8jFJ #InformationTechnology #FederalGovernment #Academia #Oil #Gas #Petroleum #SupplyChain #CriticalInfrastructure

US natural gas futures rose to $2.2/MMBtu, the highest level in nearly four months, driven by a decrease in production as energy companies cutting back on drilling activities and delaying well completions following a drop in prices earlier in the year.

For all of the focus on an energy transition, the American oil industry is booming, extracting more crude than ever from the shale rock that runs beneath the ground in West Texas. After years of losing money on horizontal drilling and hydraulic fracturing, the companies that have helped the United States become the leading global oil producer have turned a financial corner and are generating robust profits. The stocks of some oil and gas companies, such as Exxon Mobil and Diamondback Energy, are at or near record levels. The industry’s revival after bruising losses during the Covid-19 pandemic is due largely to market forces, though Russia’s war in Ukraine has helped. U.S. oil prices have averaged around $80 a barrel since early 2021, compared with roughly $53 in the four years before that. https://lnkd.in/gHCY2WBw

🇺🇸 𝗡𝗲𝘄𝘀 𝘀𝘁𝗼𝗿𝘆: 𝗨𝗦 𝗴𝗮𝘀 𝗯𝗲𝗻𝗰𝗵𝗺𝗮𝗿𝗸 𝗹𝗼𝗼𝘀𝗲𝗻𝘀 𝗴𝗿𝗶𝗽 𝗼𝗻 𝗸𝗲𝘆 𝗔𝗽𝗽𝗮𝗹𝗮𝗰𝗵𝗶𝗮 𝗵𝘂𝗯 | 𝗔𝗿𝗴𝘂𝘀 𝗠𝗲𝗱𝗶𝗮 A key natural gas trading hub in the Appalachian production region has become largely untethered from the US gas futures benchmark over the past year as increasingly full pipelines have isolated Appalachia from the broader domestic market. For much of the last year, spot prices at Columbia Gas, Appalachia, a key gas hub in the mammoth Marcellus shale basin of Appalachia, have moved almost entirely independently of the front-month Nymex settlement at the US benchmark Henry Hub in Louisiana, which is the most well-known US gas price. On sessions ended June 2023 through February 2024, the three-month correlation coefficient — an indicator of how closely two data points move together — between the two prices averaged just 8pc, a negligible correlation. By Julian Hast: https://okt.to/bdykMN #ArgusMedia #naturalgas #benchmarks

Drilled but uncompleted (DUC) gas wells that totaled some 500 into September 2024 have declined to just under 400, according to a J.P. Morgan Securities analysis of Enverus data. https://lnkd.in/gbePtRbj

The U.S. Energy Department reported a smaller-than-expected natural gas inventory increase, driving futures prices higher due to production pullbacks and anticipated summer demand. Despite the price spike, the market remains oversupplied, influenced by strong production and high inventories. Shale producers Chesapeake Energy and EQT Corporation are reducing drilling to address the supply glut. Investors are advised to focus on strong stocks like Coterra Energy and Cheniere Energy amid this volatility. https://lnkd.in/dkC882EV