U.S. Shale Is Refusing To Reinvest Despite Record High Cash Flow
U.S. shale producers saw reinvestment rates hit an all-time low in the third quarter and saw record levels of free cash flow A group of 21 public U.S. shale companies Continue Reading
How Much of the Worsening Energy Crisis is Due to Depletion?
Coal and natural gas spot prices have recently soared to record levels internationally, while oil is trading at over $80 a barrel—the highest price in seven years. Newspaper columnists are Continue Reading
Top USA Rig Owner Tumbles on Profit Squeezing Inflation
Helmerich’s warning follows similar commentary by America’s No. 2 provider of frack pumps. Helmerich & Payne Inc. suffered its worst decline since early in the pandemic as the biggest U.S. Continue Reading
Destruction So Vast and Deep It Challenges the Existence of Land and People
Oil and gas companies like ExxonMobil and the Canadian giant Suncor have transformed Alberta’s tar sands—also called oil sands—into one of the world’s largest industrial developments, replacing Indigenous people’s traditional Continue Reading
When Will Oil Supply Overtake Demand?
1. When Will Crude Oversupply Finally Come? – The ongoing US-OPEC public spat continues to revolve around the oil market’s immediate prospects, namely its moving into oversupply following several months Continue Reading
U.S. discussing joint reserves release with China, others in aim at OPEC
Governments from some of the world’s biggest economies said on Thursday they were looking into releasing oil from their strategic reserves, following a rare request from the United States for Continue Reading
U.S. drillers add oil and gas rigs for fourth week in a row -Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row as crude prices rose to a seven-year high last week, prompting some Continue Reading
SCOOP-STACK drilling activity hits 20-month high in bullish outlook for 2022
Highlights Rig count hits 41, highest since pre-pandemic: Enverus Production tops 3.8 Bcf/d, matching March 2020 level Devon sees larger capex share for Okla. acreage in 2022 Gas production from Continue Reading
U.S. discussing joint reserves release with China, others in aim at OPEC
Governments from some of the world’s biggest economies said on Thursday they were looking into releasing oil from their strategic reserves, following a rare request from the United States for Continue Reading
An Oil Company Went Up in Flames, Burning Lenders and the Planet
Mark Siffin’s foray into the Permian Basin leaves behind financial and environmental wreckage that outlasts his presence in West Texas. Mark Siffin’s love affair with the Permian era started when Continue Reading