Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending October 4, 2019 U.S. crude oil refinery inputs averaged 15.7 million barrels per day during the week ending October 4, 2019, Continue Reading
Peak Shale: Is the US Fracking Industry Already in Decline?
In 2016, lower oil prices led to an overall drop in production for shale companies, which use horizontal drilling and fracking to extract oil and gas from shale formations such Continue Reading
Will the Fracking Revolution Peak Before Ever Making Money?
This week, the Wall Street Journal highlighted that the U.S. oil and gas shale industry, already struggling financially, is now facing “core operational issues.” That should be a truly frightening Continue Reading
U.S. Shale Output Nears 9 Million Bpd
Crude oil production from the seven major shale plays in the United States could hit 8.971 million bpd next month, growing by 58,000 barrels per day, the Energy Information Administration Continue Reading
The Single Biggest Threat To U.S. Oil Jobs
When earlier this year Whiting Petroleum announced it would cut a third of its workforce, the news did not make a huge splash as it was lost among other cost-cutting Continue Reading
US oilmen struggle to fill roles due to immigration crackdown
Johnny Vega (left), the president and CEO of Mico Services, has equipment lying idle that could generate $700,000 per month because he says he cannot find enough workers. Reuters New Continue Reading
Drilling Productivity Report
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
The Pipeline Lifeline For Texas Oil
Waterborne crude exports from Corpus Christi, TX, reached a record high of 11.379mn bbls, or 1.626mn bpd, in week ending September 27, buoyed by increased flows into the port from Continue Reading
Analysis: US crude inventories likely lower as refiners deep in maintenance
US crude inventories likely climbed last week as refiners were deep into fall maintenance, an S&P Global Platts analysis showed Tuesday. Analysts polled by Platts were looking for crude stocks Continue Reading
US Crude Exports Expected to Double by 2022
U.S. crude exports are expected to reach nearly six million bpd by 2022, according to Rystad Energy. The U.S. could see its crude oil exports nearly double by 2022, according Continue Reading