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Long Form Reports

Not a good trend in rig counts

Not a good trend in rig counts

Campetrol provided an update of its detailed drill rig information and so we updated our charts. Workover has stayed fairly stable since May at 34-35 rigs but Drilling dropped by 7 in October after rising in August.

Monday, December 21st, 2015
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2015: The Good, the Bad and the Ugly (and the sequel)

This year had its fair share of all three (cue the Ennio Morricone theme in the background) although it is harder to find the good than it is to find the ugly. This is a personal wrap-up of the year about to end and a look ahead at what might happen in 2016.

Monday, December 21st, 2015
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Prospects of the oil industry in Colombia in 2016

Editor’s Note: ACIPET, the association of Colombian petroleum engineers, is an active voice for policy change in the sector. Its recently-appointed Executive Director, Juan Carlos Rodriguez, speaks frequently to the press on what the government is doing right and not doing right.

Monday, December 14th, 2015
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OK So Ecopetrol really is beating its global peers

OK So Ecopetrol really is beating its global peers

In our analysis of Ecopetrol’s 3Q15 results we reported that CEO Juan Carlos Echeverry had said the NOC was outperforming its global peers.

Monday, December 14th, 2015
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The long view: Are forecasts ready for tomorrow?

At this time of year, companies are in the closing stages of their 2016 planning. Considering the time frame of most oil and gas investments, one input is very long-term forecasts of overall demand, at least implicitly as companies try to look at long-term prices.

Monday, December 7th, 2015
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Looking below the headlines: Ecopetrol’s Line-of-Business Results

Looking below the headlines: Ecopetrol’s Line-of-Business Results

The headline on Ecopetrol (NYSE:EC) results was that it made money while the rest of the industry lost. Inside Colombia, the comparison is unfair because it has no rivals with the same breadth and as the above graph shows, the Transport sector save the day.

Monday, December 7th, 2015
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Preparing for the post-conflict

A signature in Havana will presumably mean the end of terrorist threats against economic infrastructure by the Farc (and soon afterward maybe the ELN). But that does not mean that the post-conflict will be without challenges.

Monday, November 30th, 2015
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Oil prices and netbacks plumbing new depths

Oil prices and netbacks plumbing new depths

Well that could not last. After two straight months of increasing, prices fell again and we are now at a new low for past half-decade.

Monday, November 30th, 2015
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Read’em and weep: Our survey confirms 2016 pessimism

Read’em and weep: Our survey confirms 2016 pessimism

The fundamentals are not trending positively and so our readers are not planning for a brighter 2016.

Monday, November 23rd, 2015
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Good, but not good enough

This week “What we think” is really “What you think”. We broke our annual Quick Pulse Survey into two pieces, one addressing our traditional look ahead at 2016 and one addressing what we think is the main government policy issue at this time: incentives to get companies exploring again.

Monday, November 23rd, 2015
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