EIA: U.S. Shale Output to Reach 7.1 Million Bpd by 2040
The extraction from U.S. shale oil and gas fields is expected to continue increasing in the upcoming years, but will fall in the short-term, according to a report published on Continue Reading
Goldman Sees Possible OPEC Output Freeze as Self-Defeating
Deal would show cooperation from new Saudi energy minister Production cap may support prices, producer supply gains OPEC and some producers from outside the group may agree to freeze output Continue Reading
Future U.S. tight oil and shale gas production depends on resources, technology, markets
Based on projections in the U.S. Energy Information Administration’s Annual Energy Outlook 2016 (AEO2016), U.S. tight oil production is expected to reach 7.08 million barrels per day (b/d), and shale Continue Reading
North Dakota rig count lower for third straight week
For the third week in a row, state data show the number of rigs actively exploring for or producing oil and natural gas in North Dakota declined. A metric that Continue Reading
The Permian Pitfall: A Race To The Bottom For Tight Oil
Permian drilling rig Remember the shale gale and Saudi America ? The scale of those outlandish delusions has now dwindled to plays in a few counties in West Texas and Continue Reading
The Reported Death of Peak Oil Has Been Greatly Exaggerated
OPEC released its Monthly Oil Market Report on August 10, 2016, I have pulled some items of interest from the report . World Oil Demand World oil demand growth in Continue Reading
$50 Crude Won’t Fuel Big Oil’s Comeback
Oil Rig Bulls grinned on Thursday last week when Brent Crude rallied past the US$50 price mark for the first time in six weeks. The biggest oil companies may have Continue Reading
These Oil Majors Will Bid In Mexico’s $44B Offshore Tender
U.S. oil majors ExxonMobil, Chevron and Hess will bid jointly in the upcoming deepwater oil and gas tender planned by Mexico. The auction, which will take place on December 5, Continue Reading
Shale Drillers Party Like It’s 2014 as Oil Finds Bull Market
U.S. producers put 76 oil rigs back to work in eight weeks Permian Basin leads increases with 7 of 10 added this week Shale drillers are adding the most oil Continue Reading
U.S. mulling new leases for Gulf of Mexico drillers
U.S. offshore energy regulators said they’re seeking input on the potential to offer more than 70 million acres up for drilling in the Gulf of Mexico. The U.S. Bureau of Continue Reading