All industrial revolutions need two things: technology and finance. The US shale revolution was made possible by the advances in horizontal drilling and hydraulic fracturing that allowed oil and gas Continue Reading
The United States Geological Society (USGS) today released a report stating there is an estimated 46.3 billion barrels of theoretical, technically recoverable, as yet undiscovered light tight oil reserves in Continue Reading
Total U.S. oil production around 2025 will almost equal the combined production of Russia and Saudi Arabia, Fatih Birol, the Executive Director of the International Energy Agency (IEA), told Turkish Continue Reading
America’s energy security just got a lot more secure. On November 28 The United States Geological Survey (USGS) published an assessment of continuous (unconventional or ‘tight’) resources in a part Continue Reading
Coming off a rather abysmal week for oil prices, Baker Hughes reported a 9-rig increase for oil and gas in the United States this week—a turnaround from three losses in Continue Reading
U.S. energy firms added oil rigs for the first time in the past three weeks despite sharp declines in crude futures prices to their lowest since the summer of 2017. Continue Reading
U.S. shale producers are slamming the brakes on next year’s drilling with crude prices off 40 percent and mounting fears of oversupply, paring budgets that in some cases were set Continue Reading
U.S. crude’s discount to global benchmark Brent on Friday firmed to the narrowest since late August as a pipeline from the Cushing, Oklahoma, storage hub to the U.S. Gulf Coast Continue Reading
Three aggressive independent Permian Basin upstream operators released capital budgets for 2019 in the last few days that are lower than either prior expectations or actual 2018 spending by at Continue Reading
This week’s oil rig count has increased for the first time in three weeks. The U.S. has added oil rigs for the first time in three weeks, according to data Continue Reading
