Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending June 21, 2019 U.S. crude oil refinery inputs averaged 17.3 million barrels per day during the week ending June 21, 2019, Continue Reading
Why Rapid Shale Production is a Perk
The accelerated production of shale wells leaves them uniquely positioned to take advantage of the peaks and plateaus in oil prices. Since the early days of shale oil and gas Continue Reading
Oil demand won’t peak until 2035
“At some point in the next 20 years, it’s likely we’re going to see oil demand peak. Our own view at Wood Mackenzie, is around 2035, 2036,” Wood Mackenzie chairman Continue Reading
The No.1 Trade-Off For U.S. Shale Companies
Volatile but range-bound oil prices are limiting the ability of U.S. oil firms to pay down the debts they had accumulated in order to boost drilling activities and production. On Continue Reading
TROUBLE AT THE BAKKEN: Oil Production Finally Peaking?
Is the mighty Bakken Shale Oil Field finally peaking? Well, according to the data from the folks at the North Dakota Department of Mineral Resources, oil production in the Bakken Continue Reading
North Dakota – update through April 2019
These interactive presentations contain the latest oil & gas production data from all 14,703 horizontal wells in North Dakota that started production from 2005 onward, through April. Oil production in Continue Reading
New Estimate for an Oil Leak: A Thousand Times Worse Than Rig Owner Says
A new federal study has found that an oil leak in the Gulf of Mexico that began 14 years ago has been releasing as much as 4,500 gallons a day, Continue Reading
Former Shale Gas CEO Says Fracking Revolution Has Been ‘A Disaster’ For Drillers, Investors
Steve Schlotterbeck, who led drilling company EQT as it expanded to become the nation’s largest producer of natural gas in 2017, arrived at a petrochemical industry conference in Pittsburgh Friday morning with a blunt message Continue Reading
Shale Pioneer: Fracking is an “Unmitigated Disaster”
Fracking has been an “unmitigated disaster” for shale companies themselves, according to a prominent former shale executive. “The shale gas revolution has frankly been an unmitigated disaster for any buy-and-hold Continue Reading
US Tight Oil Estimate and Projection to Dec 2019
New tight oil estimates were recently released by the EIA. The chart below compares estimates from Dec 2018 to May 2019, where the Dec 2018 estimate is that estimate with Continue Reading