The East Texas Basin Continues to Surprise

The East Texas Basin, a rather large Jurassic-Aged basin containing a number of hydrocarbon-bearing formations stretched across the northern part of East Texas and West Louisiana, has been making fortunes for mineral-rights owners, drillers, landmen and entrepreneurs since oil was first struck by Columbus Marion (Dad) Joiner (and his rather…

Logistical and Physical Storage Constraints Have Outsize Effect On Crude Oil Price Swings

The price of crude oil currently drifts between the Scylla of uncertain physical supply demand balance and the Charybdis of speculative financial derivative products. Macroeconomic investors in financial products such as oil futures contracts speculate on commodity pricing trends. Because their participation in markets is purely financial, speculators, notably hedge…