Category Archives: Press Mentions

Ship Shoal GoM

Natural Gas Leak – Ship Shoal Block 225

Reports of a natural gas leak on Ship Shoal Block 225 led to reports that initially made comparisons to the BP’s Macondo blowout and subsequent oil leak in the Gulf of Mexico. Reporters from CNBC called TDA’s John White to get his comments on the situation.  He described the Ship Shoal area to the reporters and carefully noted the differences in the situations in order to disseminate accurate information.

The leak was subsequently quickly brought under control by pumping drilling fluids into the well.


E&Ps Benefitting From Higher Gas Prices

John comments on the colder and longer than expected winter that has provided strong support for natural gas prices year-to-date.  Natural gas weighted producers have benefited from this as they have been some of the strongest performers among energy equities.  Although natural gas inventory levels have dropped sharply, the commodity is likely to continue to be challenged over the medium-term as higher prices lead electric generation switch away from natural gas to coal as the lowest cost fuel option.

Art’s Interview with Oil & Gas Financial Journal

Recently, Art sat down with the Oil & Gas Financial Journal’s Don Stowers to discuss Triple Double Advisors’ outlook for energy stocks in 2013.

The wide-ranging interview covered a variety of topics including current investment opportunities in the energy sector, the prospects for international shale development and Triple Double’s approach to managing portfolios in this quickly changing and historically volatile industry.


Pipeline Projects Slowly Relieving Cushing Oil Glut

The surge in North American oil production has created large crude inventory builds at storage facilities in Cushing, OK (delivery point for WTI futures contracts).  The Houston Chronicle recently asked John for his comments about the impact of the Seaway Crude Oil Pipeline expansion on this glut.

This bottleneck is being relieved by several pipeline projects in 2013 that either increase out-bound capacity from Cushing or bypass the delivery point altogether.  Increased flows of U.S. shale oil to Gulf Coast refiners should put pressure on Louisiana Light Sweet (“LLS”) pricing relative to Brent.  A list of pipeline projects that will address this issue in 2013 is as follows: