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Category: Oil Supply

Category:
  • Shale Oil

Too Big to Frack? Oil Giants Try Again to Master Technology That Revolutionized Drilling

The oil-and-gas well BP PLC BP 1.21 % is drilling here in the Texas Panhandle looks ordinary enough from the surface. Yet a mile-and-a-half underground, horizontal pipes shoot off for Continue Reading

Posted On : 17 Aug 2016 Published By : Tom Whipple
Category:
  • Oil Supply
  • OPEC

OPEC deal a tough task, as oil output freeze expectations rise

OPEC will probably revive talks on freezing oil output levels when it meets non-OPEC nations next month as top exporter Saudi Arabia appears to want higher prices, according to OPEC Continue Reading

Posted On : 16 Aug 2016 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. shale output drop seen for 10th straight month in September: EIA

U.S. shale oil production is expected to fall for a tenth consecutive month in September, according to a U.S. government forecast released on Monday, as low oil prices continue to Continue Reading

Posted On : 16 Aug 2016 Published By : Tom Whipple
Category:
  • Shale Oil

Private Explorers Lead U.S. Rig Count to Longest Rally in Years

Closely held E&Ps account for nearly half of U.S. working rigs Public companies grew rigs 11% vs private explorers’ 77% climb The longest rally for U.S. oil rigs in years Continue Reading

Posted On : 16 Aug 2016 Published By : Tom Whipple
Category:
  • Shale Oil

North Dakota rig count lower for second week

As of Monday, the number of rigs actively exploring for or producing oil and natural gas in North Dakota was lower for a second straight week, state data show. State Continue Reading

Posted On : 16 Aug 2016 Published By : Tom Whipple
Category:
  • Shale Oil

Shale’s Efficiency Drive And The Coming Frac Sand Boom

Preoccupied with oil prices, API and EIA production reports and rig counts, most U.S. oil industry watchers miss one quiet segment of this industry that is actually thriving and will, Continue Reading

Posted On : 16 Aug 2016 Published By : Tom Whipple
Category:
  • Shale Oil

In appeal of US fracking ruling, arguments center on precedent

A recent judge’s decision that overturned Obama administration rules on hydraulic fracturing on federal and Indian lands ignores more than a century of regulatory precedent, an attorney appealing that decision Continue Reading

Posted On : 16 Aug 2016 Published By : Tom Whipple
Category:
  • Shale Oil
  • Water

Industry advocate downplays report that reignited fracking debate

A drilling industry advocacy group on Monday downplayed a report released last week by a scientific panel that called into question a major finding that the Environmental Protection Agency had Continue Reading

Posted On : 16 Aug 2016 Published By : Tom Whipple
Category:
  • Shale Oil

North Dakota Bakken/Three Forks Update

The North Dakota Industrial Commission (NDIC) reported June crude plus condensate (C+C) output on August 12, 2016. North Dakota(ND) Bakken/Three Forks (BTF) output fell by 20.46 kb/d in June to Continue Reading

Posted On : 16 Aug 2016 Published By : Tom Whipple
Category:
  • Oil Supply
  • OPEC

OPEC Could Still Tip Next Year’s Oil Deficit Into Surplus: Chart

The re-balancing of oversupplied oil markets is on track as demand climbs and U.S. shale production falters, according to the International Energy Agency. The world will face a 560,000 barrel-a-day Continue Reading

Posted On : 15 Aug 2016 Published By : Tom Whipple

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