U.S. Shale Will Grow Regardless Of Oil Prices
U.S. shale oil production will continue growing even if international prices fall, says Rystad Energy. The Norwegian energy consultancy said in a new report that despite a decline in the Continue Reading
Analysis: US oil, gas rig count falls by 4 to 691, Permian totals slide
The number of active US oil and gas rigs tumbled by four to 691 this week, the lowest count since March 2017, with a slowdown in the prolific Permian Basin Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending November 29, 2019, U.S. crude oil refinery inputs averaged 16.8 million barrels per day during the week ending November 29, 2019, Continue Reading
Shale’s Debt-Fueled Drilling Boom Is Coming To An End
The financial struggles of the U.S. shale industry are becoming increasingly hard to ignore, but drillers in Appalachia are in particularly bad shape. The Permian has recently seen job losses Continue Reading
The One Sweet Spot That Continues To Drive Permian Growth
The Bone Spring formation has been one of the most prolific shale plays in the Permian in recent years and continues to drive production growth The Bone Spring formation has Continue Reading
Syncrude Cuts Oil Output By More Than 1.5 Million Barrels
Canadian oilsands operation Syncrude has reduced its December crude oil production by 1.6 million barrels according to Reuters, citing three market sources. The production cutback was due to a operational Continue Reading
Halliburton Slashes 800 Oklahoma Jobs As Shale Slowdown Bites
Oilfield services provider Halliburton has notified the Oklahoma Office of Workforce Development that it would dismiss 800 employees, the Oklahoma agency’s spokesman David Crow tells The Associated Press , as Continue Reading
US shale ‘magic’ stalling; investments shrinking: Standard Chartered’s Horsnell
Shale largest area of oil market uncertainty $65/b WTI needed to lift sentiment Majors’ shale expansion brings no quick fix London — The US shale boom is stalling as productivity Continue Reading
U.S. oil output growth slows: just how much is anyone’s guess
U.S. oil producers could expand daily output by 1 million barrels next year, or by as little as 100,000 barrels, with the wide gap creating huge uncertainty as OPEC officials Continue Reading
Even Shale Veterans Don’t Buy The Bullish Production Forecasts
While acknowledging that U.S. shale growth is slowing down, analysts and experts continue to predict that total American crude oil production will rise by around 1 million barrels per day Continue Reading