Company boosts forecast for 2016 output by 6 percent Company to see $350 to $425 million in capital spending Diamondback Energy Inc. rose the most since 2013 after the oil Continue Reading
There is a lot more oil in storage than the amount that can be accounted for by domestic production and imports. That’s a big problem since oil prices move up Continue Reading
Explorers added oil rigs in the U.S. for a sixth consecutive week after OPEC’s pledge to cut output triggered a crude market rally, allowing producers to lock in higher prices Continue Reading
The dramatic production resurgence of two countries that peaked over 30 years ago is ironically changing perception of peak oil today. US shale oil is an indispensable prop keeping us Continue Reading
The response of US shale production over the next two months may well impact how OPEC decides to finalize the tentative production freeze it announced last week in Algiers, the Continue Reading
U.S. crude-oil stockpiles dropped to the lowest level since January after a fifth-straight weekly decline. Inventories fell by 2.98 million barrels to 499.7 million in the period ended Sept. 30, Continue Reading
Two members exempt from Algiers deal add 190,000 barrels a day Overall output gains even as Saudi Arabia cuts supplies OPEC crude production rose to a record in September, according Continue Reading
Canada’s oil-sands industry is in a race with other forms of crude production and emerging technologies such as electric cars to remain a relevant energy source in the coming decades, Continue Reading
Understanding EROEI – or Energy Return On Energy Invested – should be on every school curriculum, but isn’t. Simply put, it’s the amount of energy we as a species can Continue Reading
The growth of oil producers is often tracked by a measurement known as the reserve replacement ratio. This compares the proven reserves of oil and gas to actual levels produced. Continue Reading
