Short-Term Energy Outlook
Global liquid fuels Brent crude oil spot prices averaged $60 per barrel (b) in October, down $3/b from September and down $21/b from October 2018. EIA forecasts Brent spot prices Continue Reading
The U.S. Shale Industry Hit A Brick Wall In 2019
The Great U.S. Shale Industry Machine is finally running out of steam. What looked very promising for the shale industry in 2018 seems incredibly bleak this year. And, if the Continue Reading
US Drops Eleven Oil, Gas Rigs
The U.S. dropped 10 oil rigs and one gas rig for a net loss of 11 rigs this week, according to data from Baker Hughes Company. For the fifth week Continue Reading
US Shale Operators Show ‘Impressive Execution’ in 2019
U.S. shale companies are set to grow their 2019 oil production by 16%, thanks to impressive execution. While there’s been much discussion this year around whether the U.S. shale boom Continue Reading
US Boosts Oil Output Forecast
The pioneers of the U.S. shale boom are warning of a slowdown in oil production growth, but it appears the U.S. government doesn’t agree. (Bloomberg) — The pioneers of the Continue Reading
U.S. Shale Growth To Flatline Within 2 Years
Earlier this summer, it seemed that U.S. shale oil growth was beginning to slow. But then production growth picked back up headed into the fall, and is presently at 12.6 Continue Reading
Listen: North Dakota’s record oil growth to be upended by flaring rules
On today’s Platts Capitol Crude, Lynn Helms, director of the North Dakota Department of Mineral Resources , says Bakken oil output will continue to break records into 2020, but enforcement Continue Reading
US Rig Count Continues its Decline
The nation dropped seven oil rigs while the number of gas rigs remained flat. The U.S. dropped seven oil rigs this week, while the number of gas rigs remained flat, Continue Reading
The Rig Count Collapse Is Far From Over
The US oil and gas rig count fell again this week, according to Baker Hughes, continuing the downward trend with a drop of 5 rigs for the week, according to Continue Reading
Repsol buys Equinor’s Eagle Ford shale stake for $325 million
Spain’s Repsol has agreed to buy Equinor’s equity position in US Eagle Ford shale basin for $325 million in a deal giving it 100% control and operatorship of the shale Continue Reading