The number of drilled but uncompleted wells (DUCs) in the U.S. shale patch has declined by 27 percent since the peak in June 2020, the Energy Information Administration (EIA) has Continue Reading
Despite a strong rebound in oil prices, seeing them hit three-year highs, U.S. shale oil producers are sticking to their output discipline, Reuters reports , citing rig count data and Continue Reading
The US shale patch is holding back on big production boosts despite bumper profits and surging crude prices, as executives seek to avoid being punished again for responding with rapid Continue Reading
Goldman’s Currie on Favorite Commodity: Oil, Oil and More Oil The accelerating shift to cleaner energy poses a challenge for global oil demand in the next decade, according to a Continue Reading
BARELY 14 months ago, oil traders were paying almost $40 to anyone willing to accept delivery of a barrel of crude by the end of May 2020. Such had been Continue Reading
Higher oil prices and capital expenditure discipline are setting the stage for the highest free cash flow on record for the world’s exploration and production companies this year. And U.S. Continue Reading
This follows on from Part I, which looked at EIA reserves and revision estimates for US as a whole and the GoM, and concentrates on the on-shore tight oil and Continue Reading
Oil price gains raise the ante but shale producers sit pat Restraint gives OPEC room to add more oil to global market Biggest shale firms focus on improving returns, not Continue Reading
Hydraulic fracturing, the technology that made the United States the world’s top oil and gas producer, has earned a really bad rap. Much of this ill reputation has had to Continue Reading
The next two weeks ahead of the OPEC+ policy meeting on July 1 will be extraordinarily tight for the oil market, according to Rystad Energy. The next two weeks ahead Continue Reading
