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Jan 2021 Oil & Gas Activity Report

72 views | 2 Feb. 2021

Welcome to the January

Welcome to the January 2021 oil & gas activity report from TCI Business Capital.

Over the past month, oil prices have been on a steady rise. On December 28th, WTI closed at $47.62. Since then, prices hit a high of $53.57 on January 14th. On January 25th, WTI closed at $52.77.

The January 22nd Baker Hughes rig count report shows 378 active drilling rigs in the US. The oil rig count is 289 rigs, and the gas rig count is 88. One year ago, the total active land rig count was 772. Oil rigs are down 387, and gas rigs are down 27 compared to the January 2020 counts.

In the major plays, the Permian Basin rig count is at 188 rigs, up 15 rigs from December.

In east Texas, the Eagle Ford shale is at 27 active rigs, up two from last month.

The Haynesville shale rig count is at 45 rigs, up two from one month ago.

The Anadarko rig count is 17, which is up one rig from the December count.

In the Rockies, the active rig count in the Niobrara Shale is 12 rigs, up two rigs from December

The Bakken Shale rig count is eleven rigs, the same as December.

The Appalachian has 35 active rigs, an increase of three rigs from last month.

The Energy Information Administration’s Short Term Energy Outlook report dated January 12th estimates US crude production fell from 12.2 million barrels per day in 2019, to 11.3 million barrels per day in 2020. The report predicts 2021 production to be 11.1 million barrels per day.

If your company is experiencing a cash flow problem due to low crude prices or your customers are holding on to their money, contact TCI Business Capital.

For over 25 years, we have provided working capital and cash flow solutions to oilfield service companies through our invoice factoring programs. To learn more about our custom factoring solutions for oilfield contractors, give us a call at (800) 707-4845 or visit tcicapital.com.

Oil stock report

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Oil drop is due to softening stock market, economic fears: Pickering

7 674 views | 8 Sep. 2020

CNBC's Kelly Evans

CNBC's Kelly Evans discusses why crude oil is lower amid the overall market dip with CNBC's Brian Sullivan and Dan Pickering of Pickering Energy Partners. Subscribe to CNBC PRO for access to investor and analyst insights on oil and more: https://cnb.cx/2BT2E7y

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Dew Time

Today was brutal in the stock market. Hold tight everyone, don't try and sell. I just made a video about the power of compound interest. You gotta trust the process!



Riverflyswatter S

Covid is what theses globalist prayed for and now their saying it like they get a bonus check for every time they can insert it into a conversation


Naw, no crash negative Nancy, just a normal minor correction.

Buy no brainer bullet proof cash rich companies:
I bought Amazon, Apple, Nvidia, Zoom, Facebook, Microsoft, Google, Wells Fargo, Netflix

The stock market goes up in the long term
because it takes 2 steps forward for every 1 step backward.
Cash is trash, it loses to inflation.

There's a lot of money on the sidelines, and new 401K money

Sabber 307

Then why is gas still almost $2.00 a gallon? Who’s making the money here anyway?

Agata Michta

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Daniel S Porterfield

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J.D. Salbego


Mark on YouTube

No one wants oil! buy Apple instead! or even Albertsons!


Typical. Buy the dip they say, buy the dip, back up the truck...then it dips more...


Isn't it the other way around? Stock market dropped partly because Oil is "softening".....

Jeremie Roy

There is no economy, nobody's working

Robben Salyers

The market pullback is nothing more than the Federal Reserve possibly taking profits off the table from their back stopping of the market. I would imagine that the largest of the trading houses have turned 2020 into a very profitable year with the aid of the Federal Reserve. The Federal Reserve now controls how much the market goes up and how much the market goes down. The Hunt brothers would be proud of the Federal Reserve.

sam zen

The FED can't save us these Markets are going to crash.

Mole Js

very unfortunately ,even with low oil price ,gas price has not been lower to benefit the public .lower gas ,doubt that will happen in a corrupted government.-Auto-oil-companies

Justin Harvey

I'd take the 25k


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Oil stock report

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Big Oil Earnings Disappoint

3 387 views | 4 Feb. 2021

Feb.04 -- Bloomberg

Feb.04 -- Bloomberg Intelligence's Fernando Valle talks about big oil earnings on "Commodities Edge."

Jiayang Shao

I invest all money into fossil fuel, and I believe oil price will top 147 dollars per barrel. Remember this is Biden, so if OPEC does not face Shale competition due to climate change, they have no trouble to cut production longer, it will help Gulf states


I'm pretty sure everyone wants successful deployment of the vaccine
so people can buy gas and get back to work.


Going to be interesting to see how this play's out

Isaac Tejada



DON'T drive at all and work remotely.
capitol riot means a covid19 petri dish; we need another lockdown. we have Amazon Prime streaming and don't need to travel
or go to a commercial theater and avoid covid19, mass shooting (gun sales doubled in 2020), police killing nonwhites like
George Floyd, and exploding RVs like in Nashville, capitol rioters bringing pipe bombs

long-term losers, mark my words: gamestop, hertz, bitcoin, tesla
long-term winners: buy AMAZON, APPLE, FACEBOOK, NVIDIA

Amelia Calvin

I lost my job due to covid and a friend of mine recommended sir Luiz and ever since trading with his platform I have been benefiting a lot