OPEC Deal Could Trigger Drilling Boom In U.S. Shale
If anyone is cheering the news of an OPEC deal it is U.S. shale producers. The OPEC agreement sent oil prices shooting up this week, with WTI and Brent quickly Continue Reading
Leaner and meaner: U.S. shale greater threat to OPEC after oil price war
In a corner of the prolific Bakken shale play in North Dakota, oil companies can now pump crude at a price almost as low as that enjoyed by OPEC giants Continue Reading
Baker Hughes creates new fracking unit
Oilfield services company Baker Hughes said it formed a business venture with Goldman Sachs and others that would focus on North American hydraulic fracturing. Baker Hughes will own a 46.7 Continue Reading
Texas oil production holding steady
Two shale counties in Texas dominated the landscape, though crude oil production is holding relatively stable, data from the state show. The Railroad Commission of Texas, the state energy regulator, Continue Reading
Texas Oil Output Edges Lower In September
Oil Field Texas Crude oil production in Texas averaged 2.38 million barrels per day (bpd) in September, compared to 2.42 million bpd for September last year, the Railroad Commission of Continue Reading
Leaner and meaner: U.S. shale greater threat to OPEC after oil price war
In a corner of the prolific Bakken shale play in North Dakota, oil companies can now pump crude at a price almost as low as that enjoyed by OPEC giants Continue Reading
From Peak Oil to Peak Oil Demand in Just Nine Years
Peak demand for oil is the big new thing . True, the International Energy Agency, in the annual World Energy Outlook it released earlier this month, didn’t envision a peak Continue Reading
Is The Permian 20 Billion Barrel Oil Discovery Real?
Earlier this month the U.S. Geological Survey (USGS) announced the largest estimate of continuous oil that it has ever assessed. The area assessed is in the Permian Basin, a region Continue Reading
Oil Industry Anticipates Day of Reckoning
Forecasters see demand for oil-based fuels shifting to natural gas and renewable energy sources over… This month, European oil company MOL Group delivered a stark message to investors: Demand for Continue Reading
Protections for Rare and Endangered Animals Under Threat from Permian Basin Drilling Industry
Monarch butterflies, tiny lizards, and a type of grouse known as the lesser prairie chicken all drew close scrutiny from a large gathering of oil and gas executives at the Continue Reading