The Permian Is A Double-Edged Sword For Oil Majors
The oil majors are scrambling to scale up their shale operations, and they are quickly becoming the most dominant producers in the shale sector, despite having arrived late to the Continue Reading
The Fully Digital Oilfield Is Almost Here
When a few years ago media began calling data the new oil, it was because some pretty direct parallels could be drawn between Big Oil and Big Tech. These parallels Continue Reading
U.S. crude stockpiles fall unexpectedly as net imports slows: EIA
U.S. crude oil stocks fell unexpectedly last week as net imports fell to record lows, despite production growing to all-time highs and abundant inventories at the Cushing, Oklahoma hub, the Continue Reading
U.S. crude output hits another peak, net imports at record low: EIA
U.S. crude oil production rose 100,000 barrels per day last week to a record 12.1 million bpd, hitting a peak for the second straight week, according to data released by Continue Reading
Shale Growth Is Nearing An Inflection Point
Drilling activity has plateaued in much of the U.S., with the rig count zig-zagging well below the peak from last November. The rig count often rises and falls in response Continue Reading
BP CEO Dudley: U.S. Shale Is ‘A Market Without A Brain’
The U.S. shale industry responds only to oil price signals and is like “a market without brain” , BP’s chief executive Bob Dudley said on Tuesday. “The U.S. is the Continue Reading
Empty Supertankers Speak Volumes About The Oil Market
As the U.S. battles with its OPEC+ rivals over the direction of global oil prices (Trump wants to keep oil prices subdued, while Saudi Arabia and Russia, reeling from years Continue Reading
EIA’s Data for World and Non-OPEC Oil Production
The EIA has just published their data on World and Non-OPEC Oil Production . All data is through November 2018 and is in thousand barrels per day. All data is Continue Reading
Many Shale Operators in Quandary
A majority of large publicly held US shale operators are between a proverbial rock and a hard place. How to service debt and pay out dividends? That is a question Continue Reading
Wall Street Loses Faith In Shale
To Wall Street, the shale industry has lost a lot of its allure. A decade’s worth of promises have failed to materialize, and Big Finance is cutting some of its Continue Reading