The Permian Boom Is Coming To An End
The pressure on shale drillers to throttle back on their aggressive drilling continues to crop up in new places, and there are growing signs that the Permian is slowing down. Continue Reading
U.S. Shale Juggernaut Shows Signs of Fatigue
American shale companies are starting to tap the brakes on drilling. U.S. oil output remains robust and may still surpass the record annual average of 9.6 million barrels a day, Continue Reading
U.S. Gulf oil producers curtail output ahead of Tropical Storm Nate
Oil and natural gas operators began evacuating staff and halting production at U.S. Gulf of Mexico platforms on Thursday ahead of Tropical Storm Nate, the second storm in as many Continue Reading
Dirty water in U.S. shale patch drives investment in water handlers
Huge volumes of dirty water produced by U.S. shale firms are driving up investment in water-handling specialists, as cash-conscious oil and gas companies try to trim costs. For every barrel Continue Reading
Activist Investors Crack Down On Shale CEO Salaries
The growth-at-all-costs model for shale drillers has succeeded in ramping up U.S. oil production, but it hasn’t necessarily led to impressive financials. A group of activist investors are hoping to Continue Reading
Offshore rig firms see end to worst downturn in history
Demand for offshore rig rental globally is starting to recover from its worst ever downturn, led by oil firms’ growing demand for harsh-environment exploration and triggering multi-billion dollar tie-ups among Continue Reading
Shale Boom’s Dark Secret, Ruined Old Oil Wells in Oklahoma
Not every oilman is gaining from the U.S. shale boom. Just ask Joe Warren. Warren, a partner at Brown & Borelli Inc., is caught in a historical hiccup, of sorts. Continue Reading
Oil Drillers, Not Forecasters, Are Responsible For WTI Weakness
The U.S. Energy Information Administration (EIA) is distorting oil prices by being far too optimistic in its forecasts for U.S. production, according to Harold Hamm, the chief executive of Continental Continue Reading
U.S. Shale Isn’t As Strong As It Appears
The extraordinary cost reductions achieved by North American oil and gas companies have likely reached their limit, and any boost in profitability for much of the U.S. shale and Canadian Continue Reading
OECD oil stocks set for ‘substantial’ 2017 draw, but may rise in 2018: IEA
Forecasts for U.S. shale oil growth and uncertainty around China’s crude imports may see oil stocks building again next year after OPEC and non-OPEC cuts contributed to “substantial” draws this Continue Reading