Shale Oil: The High Risk of High-Grading

02/11/2020

The slowing of shale oil production growth has become an accepted fact. However, we believe new forces are now at work that could produce another downward revision to US shale growth assumptions...

[Podcast] Adam Rozencwajg Featured on Financial Sense

01/31/2020

Goehring & Rozencwajg (G&R) managing partner Adam Rozencwajg believes oil prices could rise to $80/barrel and higher this year and that natural resource equity investments are radically..

Data Around Slowing US Shale Oil Production

01/23/2020

“Strongly contributing to the slowdown has been the dramatic increase in the underlying base declines.”

 

US shale oil production growth slowed dramatically in 2019. We recently turned to our..

Modeling the Haynesville & Marcellus Recoverable Natural Gas Reserves

01/09/2020

In a previous post, we talked about how over the last nine years, the largest source of U.S. natural gas supply growth has come from the Marcellus shale. The Marcellus produces 22.5 bcf/d,..

Natural Gas: A Potential Turning Point in a Decade’s Long Bear Market?

12/16/2019

The shale gas revolution began in earnest in 2005. Even though the shales were being aggressively developed, shale gas production in 2010 still represented only 20% of US supply. Of the 21..

BNN Bloomberg Interviews Adam Rozencwajg About Oil

12/04/2019

G&R Managing Partner Adam Rozencwajg was recently featured on BNN Bloomberg’s Weekly program with Andrew McCreath. During these two segments, Adam discusses an array of energy-related topics, such..

[New Podcast] Leigh Goehring and Adam Rozencwajg join Grant’s Current Yield Podcast

12/02/2019

Leigh Goehring and Adam Rozencwajg were recently featured on Grant’s Current Yield Podcast, where they spoke with Grant’s Interest Rate Observer founder Jim Grant and Deputy Editor Evan Lorenz.

..

Why the Narratives around Oil Supply and Demand are Wrong

11/20/2019

Often at the bottom of intense, grinding bear markets or the top of bull markets, investors will create a narrative to help explain the extreme price action. Today, the prevailing consensus view..

Oil: A Market Divorced from Reality

11/13/2019

“Over the last 120 years, we estimate it took 17 barrels of oil on average to buy one unit of the S&P 500 Index. Today it requires over 53 barrels.”

 

In the thirty years we have been investing in..

Declining Tier 1 Acreage and Slowing US Shale Oil Production

11/07/2019

What’s happening to US shale production? After growing by a torrid 145,000 b/d per month in 2018, shale production growth has ground to a screeching near halt. Since December, shale oil production..

This quarter's

Natural Resource
Market Commentary

DOWNLOAD NOW