IEA Warns Of A Looming Oil Glut Ahead Of OPEC Meeting
Strong oil supply growth from non-OPEC countries puts a lot of pressure on OPEC and its Russia-led partners to act, and they will hopefully make the right decision for themselves Continue Reading
US on its Way to Energy Independence
The US will have a primary energy surplus by first quarter 2020, according to Rystad Energy. In just a few months, the U.S. will be fully energy independent and by Continue Reading
Why The Latest Shale Bust Is Different
In 2019 through third quarter, 32 oil and gas drillers have filed for bankruptcy, according to Haynes and Boone . Since the end of September, a gaggle of other oil Continue Reading
Permian Basin, Bakken/Three Forks and Eagle Ford Net Volume
In the discussion here I use the term net volume to refer to the volume of prospective rock that might be developed to produce tight oil. For each bench of Continue Reading
Most Energy Will Come From Fossil Fuels, Even In 2040
Which is more plausible: flying taxis, wind turbine arrays stretching miles into the ocean, and a solar roof on every house–or a scorched-earth, flooded post-Apocalyptic world? We have no way of Continue Reading
US Gulf Set for Record 2020 With Oil Production
The U.S. Gulf of Mexico is positioned for another year of record oil production in 2020, according to Rystad Energy. The U.S. Gulf of Mexico is positioned for another year Continue Reading
Shale Drillers’ Latest Problems: Hog Manure and Chicken Guts
It isn’t just Appalachian shale drillers that are swamping the natural-gas market. Chicken slaughterhouses, pig farms, expired yogurt and leftover bits from your last meal are contributing to the glut. Continue Reading
99 Oil Rigs Gone And Counting: Rig Count Falls Again
The US oil and gas rig count continued to fall this week, according to Baker Hughes, falling another 3 rigs for the week, according to Baker Hughes. For oil rigs, Continue Reading
Gulf Of Mexico Oil Output Set For Another Record Year
Despite massive cuts in investment the US Gulf of Mexico is set for another year of record oil production in 2020, according to Rystad Energy. Most of the supply growth Continue Reading
US Frac Sand Supplier Cuts 10% of Workforce
Frac sand supplier U.S. Silica Holdings, Inc. has cut 230 employees as it grapples with the current challenges in its energy markets. Frac sand supplier U.S. Silica Holdings, Inc. has Continue Reading