U.S. oil producers have hedged almost 900,000 barrels of future crude at prices of US$50-60 a barrel, which will likely allow them to continue growing production whatever OPEC decides to Continue Reading
U.S. crude oil stocks fell last week, led by the biggest fall in inventories at the Cushing, Oklahoma storage hub in eight years, while gasoline and distillate stockpiles rose, the Continue Reading
Even though more crude oil than gas comes out of the Bakken shale in North Dakota, the pace of growth for gas is far greater, a federal report found. North Continue Reading
But most of the U.S. oil production is light tight oil, and American exports—especially those of very light sweet crude—may hit a demand constraint next year, Bill Barnes , director Continue Reading
The UK government has lent its support to the UK’s shale gas industry in a recently published white paper. The UK government has lent its support to the UK’s shale Continue Reading
U.S. shale producers have started adding more drilling rigs in response to rising oil prices and improving confidence about the outlook for 2018. Experience shows changes in the number of Continue Reading
Part of a team working to cut the cost of drilling a new shale well by a third, Portillo works from a Royal Dutch Shell Plc office in suburban Houston, Continue Reading
The price of oil is finally rising….it can go significantly higher The US Oil Situation reports from the EIA (US Energy Information Administration) routinely result in sharp shifts in energy Continue Reading
Williston, N.D., built a $70 million recreation center, complete with an indoor water park, with the influx of wealth from the oil boom. When the oil boom came to Williston, Continue Reading
Canada’s oil sands are too dirty to be produced, and should probably stay in the ground. That has long been the sentiment of environmental groups, but it is also gaining acceptance Continue Reading
