West Texas Sand Currently Bringing in Billions
There is perhaps no industry that better captures the money-multiplying effect of the Permian boom. (Bloomberg) — Standing high on top of a windswept dune in the West Texas plains, Continue Reading
Why ‘Orphan’ Oil And Gas Wells Are A Growing Problem For States
When Bill West drives his weed sprayer over wheat and hay fields at his ranch northwest of Gillette, Wyoming, he occasionally bumps into debris from the more than a hundred Continue Reading
The End of Oil and Gas
The end of oil and gas has been predicted on a regular basis since 1885, yet today we use more of both than ever before and no end is in Continue Reading
Suncor offers timeline for Syncrude restart
Canadian energy company Suncor said its Syncrude oil sands facility, crippled by a June power outage, will be back at full capacity by September. U.S. crude oil prices were supported Continue Reading
More on LTO Economics in the Bakken
The goal for any commercial company is to make as high as possible profit and returns on invested (employed) capital, primarily the owners’ capital, equity. Light Tight Oil (LTO) extraction Continue Reading
10 years after the oil price spike: Is peak oil a process rather than a moment?
Ten years ago this week—July 11, 2008 to be exact—the price of a barrel of oil on the New York Mercantile Exchange hit an intraday high of $147.27 , its Continue Reading
Shipowners on Pace to Scrap $1 Billion in Oil Tankers This Year
Dire freight rates are pushing shipowners to scrap a record number of the biggest oil tankers this year, making it a bumper period for recycling yards in South Asia. Very Continue Reading
Saudi Aramco chief warns of oil supply crunch Amin Nasser says investment in projects such as shale will not be enough to meet demand
The oil industry risks a supply crunch as big energy companies focus on US shale and other short-term efforts over the long-term mega-projects seen in years past, the head of Continue Reading
Bernstein: Oil May Jump Past $150 On Chronic Underinvestment
A supply shortfall is lurking should major oil companies continue to underinvest in exploring for new oil reserves, and this “chronic underinvestment” is setting the stage for the next super-cycle Continue Reading
There Are Fears About an Oil Spike Above $150
Oil investors may regret urging companies to cough up cash now instead of investing in growth for later as the dearth of exploration is setting the stage for an unprecedented Continue Reading