Permian Child Wells May Cut Oil Recovery By 20 Percent
Oil producers drilling so-called parent-child wells in the Permian Basin are risking the loss of 15% to 20% of the crude that can ultimately be recovered from those wells by Continue Reading
Despite Bankruptcies, US Shale is Not Doomed
Recent bankruptcies affecting shale companies does not indicate future doom for the industry, according to Rystad Energy. While news of bankruptcies among U.S. onshore exploration and production (E&P) companies seems Continue Reading
You’re Footing The Bill For Bankrupt Shale Drillers
A wave of oil and gas wells abandoned by bankrupted drillers could cost the U.S. government hundreds of millions of dollars. A new report from the U.S. Government Accountability Office Continue Reading
US Shale Won’t Go Bankrupt
Despite a wave of financial adversity that has tormented US onshore E&P companies lately, Rystad Energy does not view this as a harbinger of doom for the shale industry going Continue Reading
U.S. Gasoline Prices See Biggest Weekly Rise In Two Years
In the aftermath of the attacks on Saudi oil, the U.S. average retail gasoline price jumped by more than 10 cents per gallon between September 16 and September 23—the largest Continue Reading
UC System Announces Divestment From Fossil Fuels
The University of California system has announced its intention to completely divest from fossil fuels. Officials in charge of investments insist that their decision to move toward more “sustainable” and Continue Reading