Interestingly, there are still peak oil advocates who think that we’ve reached peak oil now, despite the fact that shale oil production is still growing, OPEC+ has about 1.5 mb/d Continue Reading
Have you noticed the absolute carnage taking place in the U.S. shale oil stocks? It seems as if Wall Street and investors are finally growing weary of an industry that Continue Reading
The insanity continues in the United States second largest shale oil field as the fundamental economics go from bad to worse. While it is true that the shale industry doesn’t Continue Reading
The Trump administration’s fourth major auction for oil and gas leases in the U.S. Gulf of Mexico received $244 million in high bids on Wednesday, reflecting an uptick in interest Continue Reading
Summary of Weekly Petroleum Data for the week ending March 15, 2019 U.S. crude oil refinery inputs averaged 16.2 million barrels per day during the week ending March 15, 2019, Continue Reading
Commercial crude stocks dip 9.59 million barrels to 439.48 million barrels Exports surge 846,000 b/d to 3.39 million b/d Refinery utilization steps 1.3 points higher to 88.9% of capacity New Continue Reading
The oil and natural gas industry employed over 348,000 Texans in 2018, TXOGA reveals. The oil and natural gas industry employed over 348,000 Texans in 2018, Todd Staples, president of Continue Reading
Oil price lost 44% of its value late last year. That price collapse was a signal to tight oil companies to stop over-producing. The message will be repeated until action Continue Reading
The global oilfield service sector’s recovery from the deepest trough it has ever encountered is not going to happen overnight. Not until 2025, 11 years after the last peak, are Continue Reading
In New Mexico’s Chihuahuan Desert, Exxon Mobil Corp is building a massive shale oil project that its executives boast will allow it to ride out the industry’s notorious boom-and-bust cycles. Continue Reading
