Why Oil and Gas Companies Are Bracing for Bad News From Banks
The sharp swoon in oil prices is spooking the banks… Bah, humbug. While it is the wrong season for “A Christmas Carol,” U.S. oil and gas producers are bracing for Continue Reading
As U.S. shale drillers suffer, even the bankrupt keep pumping oil
As oil prices nosedived by two-thirds since 2014, a belief took hold in global energy markets that for prices to recover, many U.S. shale producers would first have to falter Continue Reading
Monthly Crude Oil and Natural Gas Production
Beginning in January 2015, ten states were added to the EIA-914, bringing to 16 the number of states/areas with individual coverage, and crude oil production estimates were introduced. Estimates based Continue Reading
A Maverick Geologist’s Quest for a Sustainable Future
The Oracle of Oil is the untold story of M. King Hubbert, one of the twentieth century’s top scientists. Known as “the father of peak oil,” Hubbert made bold forecasts Continue Reading
Shale Is the Odd Man Out in Oil Reckoning
The world oil market is starting to resemble the old slapstick gag about the French Foreign Legion. The sergeant needs a volunteer to take a step forward for a dangerous Continue Reading
Midstates Petroleum raises bankruptcy concerns
Oil and gas producer Midstates Petroleum Co Inc raised doubts about its ability to remain as a going concern and said it may need to seek Chapter 11 bankruptcy protection. Continue Reading
Helicopters Are Unlikely Victim of Oil Downturn
The energy-industry downturn has created a huge surplus of helicopters, a sharp turnaround from two years ago when oil-and-gas companies were forced to share rides to and from far-flung oil Continue Reading
EIA report shows decline in cost of U.S. oil and gas wells since 2012
The profitability of oil and natural gas development activity depends on both the prices realized by producers and the cost and productivity of newly developed wells. Overall trends in well Continue Reading
U.S. crude stocks seen continuing record build for seventh week
A pump jack stands idle in Dewitt County, Texas January 13, 2016. U.S. commercial crude oil stockpiles were seen touching new record highs for the seventh straight week, while gasoline Continue Reading
Oil – American Petroleum Institute (API) data – Inventory build of 2.6mln barrels
American Petroleum Institute (API) crude oil inventory data Oil inventory build of 2.6 mln barrels Cushing draw of 319K barrels Gasoline -1.94 mln bbls Distillate -95K bbls The survey expectations Continue Reading