Shale Prudence Wins Over Debt Market
Shale drillers — some of them just emerging from bankruptcy — racked up a staggering $42 billion in new debt in the first half of the year. It’s not what Continue Reading
Permian Gets Confidence Vote with Infrastructure Plan
The region at the heart of the once-booming U.S. shale industry is signaling confidence in a nascent recovery after the pandemic crushed demand and curtailed oil and gas drilling. (Bloomberg) Continue Reading
Shale’s Prudence Wins Over Debt Market With $42 Billion of Bonds
Shale drillers — some of them just emerging from bankruptcy — racked up a staggering $42 billion in new debt in the first half of the year. It’s not what Continue Reading
Exxon launches U.S. shale gas sale to kick-start stalled divestitures
Exxon Mobil Corp (XOM.N) has begun marketing U.S. shale gas properties as it ramps up a long-stalled program that aims to raise billions of dollars to shed unwanted assets and Continue Reading
Short-Term Energy Outlook
Forecast Highlights Global liquid fuels The August Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty related to the ongoing recovery from the COVID-19 pandemic. U.S. economic activity Continue Reading
Bakken Summary
The North Dakota area of the Bakken LTO basin has accessible data from the ND Department of Natural Resources, Oil and Gas Division. Production here seems to be past peak Continue Reading
U.S., Canadian Rig Count Rise
The number of oil and gas rigs in the United States rose by 3 this week, according to Baker Hughes —after falling by 3 last week. a The total rig Continue Reading
Devon and Conoco Study $10B Shell Permian Assets
Devon Energy Corp. and ConocoPhillips are among potential suitors studying Royal Dutch Shell Plc’s portfolio of Permian Basin oil fields, people familiar with the matter said. (Bloomberg) — Devon Energy Continue Reading
U.S. crude stockpiles rise, gasoline draws down – EIA
U.S. crude oil stockpiles rose, while gasoline inventories fell, in a signal of steady demand for fuel, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) rose by 3.6 Continue Reading
Shale Drillers Leave $12B on Table
Shale explorers are facing almost $12 billion in losses this year from bad bets on oil after a global rally, according to BloombergNEF. (Bloomberg) — Shale explorers are facing almost Continue Reading