IEA Says Oil Surplus Returns
Supplies are rebounding around the world. Global oil markets have returned to surplus and face an even bigger oversupply early next year as the omicron variant impedes international travel, the Continue Reading
Is Fracking Really Putting America’s Water Supply At Risk?
The shale boom has been criticized for years due to its water-intensive fracturing technique. The risk of aquifer contamination may be overblown, but fracking’s water usage, especially in arid environments, Continue Reading
A Shale Comeback Could Be On The Cards In 2022
High decline rates, and a falling number of DUCs could incentivize drillers to ramp up drilling in the first half of 2022 Land drillers have lagged the rest of the Continue Reading
The Biden administration said its drilling-lease spree in the Gulf was court-ordered. It wasn’t.
Last month, the Biden administration held the largest-ever auction of oil and gas drilling leases in the Gulf of Mexico’s history, claiming it was obligated to hold the sale due Continue Reading
Oil Surplus Returns as Supplies Climb and Omicron Hits, IEA Says
Global oil markets have returned to surplus and face an even bigger oversupply early next year as the omicron variant impedes international travel, the International Energy Agency said. Supplies are Continue Reading
Where Will The Oil Industry Spend Its Money In 2022?
Oil and gas companies have well and truly recovered from what was a crisis year in 2020, with some companies now posting record cash flow In 2022, the main focus Continue Reading
Omicron Will Slow Oil Demand Recovery but Not Destroy It, IEA Says
The Omicron variant’s emergence will allow the supply of oil to overtake the rate at which the world is consuming it, easing the supply tightness of recent months, the International Continue Reading
S&P Global Platts: Energy Supply Will Catch Up With Demand In 2022
Oil and gas supply will grow faster in 2022 than it did in 2021 to the point of catching up and even surpassing energy demand growth, S&P Global Platts Analytics Continue Reading
U.S. Expects Permian Oil Output to Rise to Record in December
Crude production in the Permian Basin is expected to surpass a pre-pandemic high this month as a rebound in the U.S. shale industry fuels activity in its most prolific patch. Continue Reading
Drilling Productivity Report
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