Domestic Oil and Gas Companies Benefitting From Narrowing Gap Between West Texas Crude and Europe's Brent Crude in 2013
27.03.2013 | Marketwired
RDInvesting Provides Stock Research on Anadarko Petroleum and Oasis Petroleum Inc.NEW YORK, NY -- (Marketwire) -- 03/27/13 -- U.S. oil and gas companies have benefitted from rising U.S. crude prices in 2013 as expanded pipelines and increased rail shipments have helped eased the supply glut. The iShares Dow Jones US Oil & Gas Exploration & Production ETF (IEO) has surged over 15 percent year-to-date. Research Driven Investing examines investing opportunities in the Oil & Gas Industry and provides equity research on Anadarko Petroleum Corporation (NYSE: APC) and Oasis Petroleum Inc. (NYSE: OAS).
Access to the full company reports can be found at:
www.RDInvesting.com/APC
www.RDInvesting.com/OAS
The gap between West Texas Intermediate crude oil and Europe's Brent crude has fallen to its narrowest margin in eight months. Increased pipeline capacity has been a major contributor to rising U.S. oil prices. Later this this year the Seaway Pipeline, after experiencing some issues in January, will begin to increase shipments to the Gulf Coast. Additionally, the Longhorn pipeline has recently reversed flow and has begun sending oil to refineries along the Gulf Coast. Since reaching a record of 51.9 million barrels in January, inventories at the Cushing, Oklahoma transport hub have fallen to 49.3 million barrels.
Research Driven Investing releases regular market updates on the Oil & Gas Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.RDInvesting.com and get exclusive access to our numerous stock reports and industry newsletters.
Anadarko is among the largest independent oil and natural gas exploration and production companies in the world, with 2.56 billion barrels of oil equivalent (BBOE) of proved reserves at year-end 2012. The company's portfolio of assets encompasses premier positions in U.S. onshore shales and resource plays in the Rocky Mountains region, the southern United States and the Appalachian Basin.
Oasis is the premier operator in the Williston Basin. The company's 333,000 net acres in the Williston Basin are highly concentrated and are prospective for the Bakken, Three Forks and other potential horizons. Oasis reported revenues of $686.7 million for the full year 2012, an increase of 108 percent when compared to revenues of $330.4 million a year ago.
Research Driven Investing has not been compensated by any of the above-mentioned publicly traded companies. Research Driven Investing is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.rdinvesting.com/disclaimer
