U.S. Oil Production Is Competing Against Decline
U.S. oil output continued to increase in October 2019. Production reached a new high of 12,655 kb/d. The output of all tight oil basins was 8,165 kb/d in November and Continue Reading
U.S. shale producers to tap brakes in 2020 after years of rapid growth
Vastly slower U.S. oil growth this year and the prospect of a plateau for the world’s top oil producer have signaled a new and unfamiliar era of self-restraint for the Continue Reading
Peak Oil Barrel » The Reported Death of Peak Oil Has Been Greatly Exaggerated
U.S. Oil Production Is Competing Against Decline All of the oil production data for the US states comes from the EIAʼs Petroleum Supply Monthly. In addition, information from other EIA offices Continue Reading
U.S. oil deals hit five-year high in 2019 on Occidental’s blockbuster Anadarko buy
The value of U.S. oil and gas mergers and acquisitions reached a five-year peak of $96 billion in 2019 on the back of competing bids for Anadarko Petroleum, energy data Continue Reading
Burn, Pay, Or Shut It Down: Three Evils For Permian Drillers
There was a time when natural gas was a welcomed byproduct of crude oil drilling, and drillers in the prolific Permian basin enjoyed this consolation prize–at least when natural gas Continue Reading
A Dark Horse Oil Stock In 2020
Newpark, ( NR ) is an oddity in the oilfield service space. It is an independent- meaning it’s not part of a big conglomerate service company, mud and completion fluids Continue Reading
Energy Producers’ New Year’s Resolution: Pay the Tab for the Shale Drilling Bonanza
The bill is coming due for the shale industry’s price war with OPEC. North American oil-and-gas companies have more than $200 billion of debt maturing over the next four years, Continue Reading
The Five Most Important Oil Stories Of 2019
I close out every year with a story on how my annual predictions fared, followed by what I felt were the top energy stories of the year. I then open Continue Reading
Bigger oil looks set to have its day in US shale
The shale energy revolution was not a feat of Big Oil. Independent exploration and production companies run by little-known executives fracked their way to a stunning rise in US oil Continue Reading
Is The Shale Boom Running On Fumes?
Shale drilling does not produce as much oil and gas as the industry promised, raising questions about the productivity, profitability and, ultimately, the longevity of the fracking boom. The Wall Continue Reading