When you think of giant oil fields you probably conjure up an image of vast areas of land or sea suitable for digging. However, Los Angeles demonstrates that oil extraction can take place right under our feet, producing as much as 100 million barrels every year. Compared to other major oil sites across the world, […]
The U.S. government is forecasting oil production to rise about 3.5% next year spurred by higher crude prices and a rebound in shale drilling. Oil output will average 11.49 million barrels a day in 2022, according to the Energy Information Administration. The agency, which left its production estimate for this year unchanged at 11.1 million, […]
Owning a hotel or a motel is one of the most interesting property types in a portfolio. This is from a business standpoint. A highly profitable daily rate can lead to enormous cash flow. On the other hand, uncontrollable influences may lead to a hotel’s or motel’s ultimate demise. Have you decided that your hotel […]
Winter temperatures below seasonal norms in the northern hemisphere have created a rally in natural gas prices from Asia to Europe. The spot liquefied natural gas (LNG) prices in north Asia jumped to record highs last week, while the key price marker in Europe, the Dutch Title Transfer Facility (TTF), rallied to the highest in […]
We have seen strong moves higher in the key crude oil benchmarks-WTI, and Brent, in the last several months. This was initiated by the advent of positive news on the Covid front that the vaccines in development were extremely efficacious, promising an endpoint to the spread of the virus. This upward trend in crude was […]
Hospital equipment can be very expensive, as the business of saving lives does not come cheap. Are you operating a hospital? How about an urgent care center? or clinic (or simply have some high-powered devices at home for your own needs), selling hospital equipment can actually lead to tremendous financial gain. Have you heard of […]
As oil prices continue to maintain the latest trajectory above the psychologically significant $50/barrel level, investors are increasingly recalibrating their investment prisms for beaten-down oil and gas companies. So what are the Best 3 Stocks to Buy Now? WTI has rallied 12.8% over the past 30 days to trade at $53.02 per barrel while Brent […]
2020 has been an extraordinary year for the oil and gas industry. When Rigzone asked several informed industry-watchers what they considered the biggest oil and gas trends during such a momentous year, their responses focused largely on two areas: digitalization and consolidation. Read on for their insights. Bob Benstead, Vice President, Strategic Planning with business […]
Everyone remembers the day that they bought their apartment. However, not everyone is lucky enough to be able to remember the day they traded their apartment for something even more valuable. Introducing the 1031 Exchange Apartment opportunity. In today’s world, the sale of an apartment anywhere (and on any floor) can lead to a huge […]
Several U.S. states will hold oil and gas lease sales via EnergyNet in January, with most of the bids due before January 20 when President-elect Joe Biden is scheduled to take office. Biden’s energy plan favors renewables development and promises a ban on new oil and gas leases on federal lands. Alaska, New Mexico, Texas, […]
