Oilfield Service Companies May Struggle To Pay Debt
The oilfield service sector has been on the path of recovery from the 2014 industry downturn, but just when the industry says things are starting to look up, Moody’s has Continue Reading
U.S. Oil To Significantly Outperform This Year
On the morning of publication of the EIA-914 and EIA PSM reports today (October 31), providing US monthly oil production data for August 2018, Rystad Energy analysis indicates that the Continue Reading
Bakken sees record-breaking oil output in Q3: producers
Top Bakken producers this week reported record-breaking crude oil output in the third quarter and announced plans to ramp up production in the play. Hess produced 118,000 b/d of oil Continue Reading
Anadarko to base 2019 capex on $50/b oil: CEO
Anadarko Petroleum will continue using a $50/b oil price assumption in 2019, the company’s CEO said Wednesday, even though current US prices are about 30% above that level. Receive daily Continue Reading
Peak Shale: Is the US Fracking Industry Already in Decline?
In 2016, lower oil prices led to an overall drop in production for shale companies, which use horizontal drilling and fracking to extract oil and gas from shale formations such Continue Reading
Continental Resources doubles estimate for Bakken oil recovery
Continental Resources, the largest oil producer in North Dakota, has doubled its Bakken oil recovery estimates, claiming that as much as 40 billion barrels of crude may ultimately produced from Continue Reading
Shale oil becomes shale fail (and a nice subsidy for consumers)
I’m tempted to say the following to the writers of two recent pieces ( here and here ) outlining the continuing negative free cash flow of companies fracking for oil Continue Reading
BP’s oil and gas output flat in Q3 but BHP assets set to drive volumes in Q4
BP’s oil and gas production growth stalled in the third quarter but the company said Tuesday it expects upstream growth to resume withing days after closing its $10.5 billion acquisition Continue Reading
Big Oil Won’t Spend Despite Fat Profits
Higher oil prices are expected to leave the oil industry flush with cash, but the “capital discipline” mantra remains. Market watchers have wondered whether top oil executives would eschew with Continue Reading
U.S. Oil and Natural Gas Wells by Production Rate
Introduction One way of developing deeper insight into the rapid growth in U.S. oil and natural gas production over the past few years, driven by technological innovation in drilling and Continue Reading