Miscellaneous
This week, Josh and Ryan talk about budget cuts for oil majors, market rebalancing, and production drops as rig counts in the Permian go below 200. We also touch on the Texas Railroad Commission rejecting production cuts, Chesapeake filing for bankruptcy (Jason is dead, it seems) and the political fallout of the Coronavirus.Subscribe to our newsletter! - https://warroommedia.substack.com/Breaking: Iranians blow up one of their own warships in training exercise - https://www.forbes.com/sites/hisutton/2020/05/11/iranian-navy-sinks-own-warship-with-missile-in-fatal-accident/#654018f45904Find our post on sales tips - https://www.texasoilandgaspodcast.com/sales-tipsBuy your Polar Plunge t-shirt: https://texasoilandgaspodcast.com/plungeFollow the Texas Oil and Gas Podcast on Twitter - @TOGPodcastFollow Ryan on Twitter - @ryanraysrFollow Nate on Twitter - @OilMediaNateConnect with Josh on LinkedIn - https://texasoilandgaspodcast.com/connect-with-joshConnect with Ryan on LinkedIn - https://texasoilandgaspodcast.com/connect-with-ryanThe Texas Oil and Gas Podcast on LinkedIn - https://www.linkedin.com/company/35588693/admin/We're looking for a new sponsor! Get in touch with us TODAY for a proposal - nate.hansen@gor2.comLeave a 5 star rating and review! - http://apple.co/2mkM3ASContact the show via text or voicemail - (318) 599-9192Visit our website - http://www.texasoilandgaspodcast.com/Buy Ryan's book - https://amzn.to/2CBOtAoThis week's articles:https://www.mrt.com/business/oil/article/In-historic-oil-shutdown-hard-part-is-picking-15246248.phphttps://www.mrt.com/business/oil/article/Oil-recovery-task-force-crafts-recommendations-to-15257124.phphttps://www.hartenergy.com/exclusives/lending-helping-hand-oilfield-workers-187481https://www.hartenergy.com/news/falling-diesel-use-makes-us-oil-industry-snake-biting-its-own-tail-187503https://www.mrt.com/business/oil/article/Oxy-takes-1-4-billion-writedown-cuts-budget-15249567.phphttps://seekingalpha-com.cdn.ampproject.org/c/s/seekingalpha.com/amp/article/4343166-exxon-mobil-acquisition-offer-made-see-deals,https://www.wsj.com/articles/occidental-seeks-to-lessen-roughly-40-billion-debt-load-11588705437https://pubs.spe.org/en/jpt/jpt-article-detail/?art=7014https://pubs.spe.org/en/jpt/jpt-article-detail/?art=7011https://www.mrt.com/business/energy/article/BP-Profit-Plunges-Debt-Rises-on-Effects-of-15231216.phphttps://www.hartenergy.com/news/shale-producer-eog-resources-shut-existing-wells-187482https://www.hartenergy.com/news/pioneer-natural-resources-boosts-spending-cuts-oil-slump-bites-187452https://www.hartenergy.com/news/apache-posts-quarterly-loss-value-oil-assets-drops-187453https://pubs.spe.org/en/jpt/jpt-article-detail/?art=6997https://truthout.org/articles/the-fed-just-changed-its-own-rules-to-bail-out-the-fossil-fuel-industry/https://www.oilandgas360.com/covid-19-disrupts-global-supply-of-critical-minerals/https://www.mrt.com/business/oil/article/Oil-Economics-101-Part-2-Changes-in-crude-oil-15259522.phphttps://www.mrt.com/business/oil/article/Crude-oil-climbs-24-percent-this-week-15257884.phphttps://www.mrt.com/business/energy/article/Oil-Falls-on-Ample-Supply-as-Investors-Shun-15244529.phphttps://www.mrt.com/business/oil/article/Oil-rises-on-hope-that-Saudi-price-hike-will-aid-15253917.phphttps://www.mrt.com/business/oil/article/Permian-Highway-Pipeline-continues-to-progress-15259449.phphttps://www.mrt.com/business/oil/article/Drilling-sinks-to-record-U-S-low-15257279.phphttps://www.mrt.com/business/oil/article/Permian-rig-count-drops-below-200-15257911.phphttps://www.rigzone.com/news/2020_oil_demand_expected_to_drop_11_percent-08-may-2020-162028-article/https://www.mrt.com/business/oil/article/Shale-producers-hint-at-possible-fracking-revival-15248231.phphttps://www.mrt.com/business/oil/article/OPINION-Don-t-mistake-higher-oil-prices-for-a-15260045.phphttps://www.mrt.com/business/oil/article/Morningstar-sees-inevitable-recovery-in-oil-15259427.phphttps://www.hartenergy.com/news/ceo-top-us-shale-producer-sees-oil-price-recovery-continuing-187470https://www.rigzone.com/news/oil_metric_shows_demand_comeback-08-may-2020-162031-article/https://www.mrt.com/business/oil/article/RRC-votes-against-requiring-cuts-15248682.phphttps://pubs.spe.org/en/jpt/jpt-article-detail/?art=7004https://www.mrt.com/business/energy/article/Getting-oil-to-flow-again-won-t-easy-15256337.phphttps://www.rigzone.com/news/wire/permian_drillers_slash_output_themselves-04-may-2020-161979-article/https://www.npr.org/2020/05/05/850105225/texas-was-the-model-for-opec-but-its-not-likely-to-limit-oil-production-nowhttps://www.mrt.com/business/oil/article/Permian-Drillers-Slash-Output-Even-More-After-15247995.phphttps://www.mrt.com/business/oil/article/Shale-Drillers-Risk-Relapse-Into-Rampant-Oil-15251232.phphttps://www.hartenergy.com/news/basic-energy-launches-automated-water-management-solution-permian-operator-187489https://www.hartenergy.com/exclusives/waterbridge-names-co-ceos-founder-stephen-johnson-steps-new-role-187505