Can Shale Survive Low Oil Prices?
Lower oil prices could drag down U.S. shale drillers at a time when their finances are already looking shaky. But the impact on oil production growth is still murky. WTI Continue Reading
Oil Shock Model Scenarios
Many different oil shock model scenarios have been presented over time at Peak Oil Barrel. Information on the Oil Shock Model, originally developed by Paul Pukite can be found in Continue Reading
Colombia tribunal begins hearing evidence on use of fracking
Colombia’s top administrative court on Friday began hearings that could be long and contentious about proposals to drill for oil using the technique known as fracking, hailed for sharply boosting Continue Reading
U.S. oil rig count falls to lowest since Feb 2018: Baker Hughes
U.S. energy firms this week cut the oil rig count to the lowest since February 2018 as drillers follow through on plans to reduce spending with crude prices collapsing to Continue Reading
Frackers Scrounge for Cash as Wall Street Closes Doors
Shale drillers are scrambling to raise cash as financing from Wall Street dries up. The companies behind the U.S. fracking boom are turning to asset sales, drilling partnerships and other Continue Reading
U.S. Oil Rig Count Drops, But Production Remains Resilient
The number of active oil and gas rigs in the United States fell this week according to Baker Hughes, as the overall rig count reaches the lowest point since February Continue Reading
Will Occidental’s $38B Gamble Be a Shale Win?
Oxy is aiming for billions of dollars’ worth of cost savings and productivity gains from the Anadarko deal, but many investors remain skeptical. Occidental Petroleum, ranked 167 in Fortune 500, Continue Reading
US Drillers Drop 11 Rigs
The U.S. experienced a decline of 11 oil rigs and addition of two gas rigs for a net loss of nine rigs this week. The U.S. dropped eleven oil rigs Continue Reading
Texas Drillers Resort to Pumping Gas Down Wells
Texas drillers may have found a solution to the stubborn natural gas glut that’s forced them to either burn it off into the air, or pay others to take it Continue Reading
U.S. oil rig count falls to lowest since Feb 2018: Baker Hughes
(Reuters) – U.S. energy firms this week cut the oil rig count to the lowest since February 2018 as drillers follow through on plans to reduce spending with crude prices Continue Reading