Is The Bakken Close To Breaking?
While the Permian has experienced a drilling boom and has received tons of media attention, a lesser-known but still remarkable revival has been underway in the Bakken this year. At Continue Reading
The Fracking Industry’s Water Nightmare
The U.S. Environmental Protection Agency (EPA) has clearly documented the multiple risks — despite repeated dismissals from the oil and gas industry — that hydraulic fracturing (fracking) poses to drinking Continue Reading
U.S. oil drillers cut rigs for second week in three: Baker Hughes
U.S. energy companies cut oil rigs for a second week in three as new drilling has stalled in the nation’s largest oil field, where production was forecast to grow at Continue Reading
Texas oil pipeline to start in November, easing bottleneck
Plains All American L.P. will begin operations on an expanded West Texas oil pipeline on Nov. 1, helping to ease a bottleneck that has weighed on Midland crude prices for Continue Reading
Now near 100 million bpd, when will oil demand peak?
Sometime in the next few weeks, global oil consumption will reach 100 million barrels per day (bpd) – more than twice what it was 50 years ago – and it Continue Reading
Canada Shale Drillers Feel Permian Pain as Prices Collapse
The Permian Basin isn’t the only oil field facing pressure from pipeline bottlenecks. While global oil prices have climbed almost 20 percent this year, producers in Alberta and British Columbia’s Continue Reading
The Great Permian Capital Reallocation Begins
A new report from the U.S. Energy Information Administration (EIA) indicates that the growing shortage of pipeline takeaway capacity in the Permian Basin of West Texas and Southeast New Mexico Continue Reading
Bakken operators facing shift to less prolific geography: study
North Dakota output breaks records as operators drill best acreage Receive daily email alerts, subscriber notes & personalize your experience. Register Now Remaining wells made up largely of low producing Continue Reading
Shell Is in Talks to Sell $1.3 Billion in Gulf Coast Assets
Royal Dutch Shell Plc, shedding assets to pay for its takeover of BG Group Plc, is in talks to sell its interest in a Gulf of Mexico oilfield to Focus Continue Reading
Ultra Light Texas Oil Could Replace Iran’s Sales To Asia
U.S. producers of ultra-light condensate have the opportunity to gain a market share in a tightening Asian condensate market, which is expected to further tighten with the return of the Continue Reading