Boothe's
Global Perspectives
ENLIGHTENED JOURNALISM WITH INDEPENDENCE AND OBJECTIVITY
  • Energy  

    New Trends in Oil and Gas COULD IMPACT PRICES AND PROPERTY VALUES

    We have noticed several trends, one in oil drilling and production, and the other on natural gas drilling and production that could have a significant impact upon prices. 

    We at BootheGlobalPerspectives agree that "pictures and graphs" enrich communication. The images tell much of the story. 

    PRICES DROP AND PRODUCTION DECLINES, SAY THE CHARTS.

    So, let us look at U.S. Shale Oil production, like we have seen in the Permian Basin.  Worldwide we have seen that while the USA was the world's largest oil producer, last year production declined since late 2018.  Fifty nine percent of this US production came from shale oil production.   In 2019, the price of oil dropped about 18 percent from the year's peak of $66.30 in April to near $54.18 the first week of November 2019. Production has dropped from 10.96 million barrels a day in 2018, by 1.8 million barrels a day, for the same period in 2019. That may be the result of the initial production of new wells, which quickly after a few months, tapers down.  We have seen this all over Texas and New Mexico on new well sites. …

     

  • Jun 10, 2019 | Energy  

    Different Perspective on Oil Market: is 2020 Trouble?

    We credit Javier Blas of Bloomberg for this article. We recommend that you follow Bloomberg for breaking developments. Bulls Beware: The 2020 Oil Market Is Quickly Turning Ugly June 9, 2019, 1:21 AM MDT Updated on June 9, 2019, 11:25 PM MDT IEA set to publish its first forecast for next year on Friday U.S...

     

  • Sep 27, 2018 | Energy  

    Oil, Gas and Water Deals Impact Property Values in New Mexico and Texas (Water and natural gas big business!)

    OIL, GAS AND WATER IMPACT PROPERTY VALUES in NEW MEXICO AND the PERMIAN BASIN (NEW MEXICO AND TEXAS) 9/27/2018 By: Ben Boothe and Associates, Appraisers, Environmental Reports and Feasibility Studies, Albuquerque N.M. and Ft.Worth, Texas. , ...

     

  • Sep 6, 2018 | Energy  

    Prediction Price of Oil will not exceed $80 says Mohammed bin Hamad Al Rumhy

    Oil prices are unlikely to break out of the mid-$70 level, Oman's oil and gas minister said September 3, and he said that he thought prices were currently "fair." The statement was made in Muscat, Oman. "I think for the rest of this year we should see stability between $70 and the high 70s (dollars a barrel), or low 70s to high 70s," Mohammed bin Hamad Al Rumhy, said...

     

  • Aug 24, 2018 | Energy  

    Increased Spending But Little Increase in Production in Permian

    Spending Boost Fails To Raise Production In The Permian Story Credit to Oil Price by Nick Cunningham By - Aug 21, 2018, 6:00 PM CDT By - Aug 21, 2018, 6:00 PM CDT The U.S. shale industry is gearing up to spend more this year, despite assurances to maintain capital discipline. In the second quarter, shale companies signaled their intention to lift capex...

     

  • Aug 3, 2018 | Energy  

    Oil and Gas Growing in Permian Basin

    THE BRITISH ARE COMING, THE BRITISH ARE COMING, TO TEXAS! Credit to PBOG Newsletter, in Texas for this news OF THIS $10...

     

  • Jun 11, 2018 | Energy  

    Permian Basin Oil and Gas Production and Drilling UP! Huge Impact on Texas and NM State Budgets

    The Permian Basin continues to generate huge "mining" cash flows from oil and gas, and the impact on Texas and New Mexico state budgets will be in the billions of dollars. Just a simple "fly over" the Permian Basin says it all. The land is peppered with oil and gas wells. Oil wells are being drilled everywhere, it seems, in the Permian Basin of West Texas and New Mexico...

     

  • May 7, 2018 | Energy  

    Permian Basin Becoming the World's Largest Oil Field

    THE PERMIAN BASIN “WILL PROBABLY BECOME THE WORLD’S LARGEST OIL PATCH,” says Bloomberg, drawing from research of the U.S. Energy Information Administration. If someone asks that basic Wall Street question in Fort Worth or Midland, "WHERE'S THE NEW MONEY BEING MADE?" the answer is quick and simple for those who know what is going on in West Texas and Southeast New Mexico...

     

  • Aug 15, 2017 | Energy  

    Carlsbad's Natural Gas Drilling Boom Is for Real, in New Mexico Jobs Galore for Workers!

    A few months ago, published an article about a coming natural gas drilling upsurge coming to Carlsbad, New Mexico, and the surrounding area in general ranging east to south to southeast. We were well ahead on this story, and two weeks ago I personally visited Carlsbad to see some of the most active oil and gas activity that I have observed in years...

     

  • Jan 15, 2017 | Energy  

    New Oil and Gas Drilling on the way? Lots of smoke, is there fire? Some hopeful logic.

    There are some indications that oil and gas companies are planning and ramping up for increased drilling activity in Texas and New Mexico. When EXXON paid $5.2 Billion dollars for oil and gas leases, many in the Carlsbad, NM area, some figured the big boys are getting ready to drill. Then another contract was signed for $1 billion + for another group of drilling rights...

     

  • Dec 21, 2016 | Energy  

    Las Vegas Nevada Now Powered by Renewable Energy

    All Las Vegas city facilities, from government buildings to streetlights, are now running entirely on renewable energy, city officials have announced. “We can brag that the city, this city of Las Vegas, is one of the few cities in the entire world that can boast of using all of its power from a green source,” Las Vegas Mayor Carolyn Goodman said in a news conference Monday...

     

0.34351205825806x128 [+]