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Category: Shale Oil

Category:
  • Shale Oil

Permian growth outlook brightens as brownfield gas pipeline expansions advance

Highlights Open season or FID declared for 1.7 Bcf/d capacity Projects delays gas pipeline constraints to late 2025 Crude constraints unlikely before late 2025 or later Permian Basin producers are Continue Reading

Posted On : 18 May 2022 Published By : Tom Whipple
Category:
  • Shale Oil

US shale companies enjoy ‘tsunami of cash’ on high oil prices

America’s shale oil companies are enjoying a cash bonanza, as soaring oil prices and months of capital restraint transform the fortunes and balance sheets of a sector once notorious for Continue Reading

Posted On : 17 May 2022 Published By : Tom Whipple
Category:
  • Shale Oil

Permian oil output forecast to hit record high in June -EIA

 Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise by 88,000 barrels per day (bpd) to a record 5.219 Continue Reading

Posted On : 17 May 2022 Published By : Tom Whipple
Category:
  • Oil Supply
  • Shale Oil
  • USA

We Can’t Drill Our Way to Energy Security

Thanks to a remarkable oil and gas boom, the United States has achieved the long-sought goal of energy self-sufficiency: We now produce more oil and refined products, natural gas and Continue Reading

Posted On : 15 May 2022 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. Rig Count Continues To Rise As WTI Hits $110

The number of total active drilling rigs in the United States rose by 9 this week, on top of the 7 rig increase in the week prior, according to new Continue Reading

Posted On : 14 May 2022 Published By : Tom Whipple
Category:
  • Shale Oil

Soaring Costs Set To Hurt U.S. Shale Production

 Soaring Production Costs Stoke Fears of US Shale Slowdown – Just as US shale producers were poised to capitalize on high crude prices and bring new production to the markets, Continue Reading

Posted On : 14 May 2022 Published By : Tom Whipple
Category:
  • Shale Oil

US oil, gas rig count gains three, totaling 806 on week; Bakken highest since April 2020: Enverus

Highlights Permian adds most rigs on week, up 4 to 329 Most basins gain rigs; only DJ loses a rig Total rig count is approaching pre-pandemic levels The US oil Continue Reading

Posted On : 13 May 2022 Published By : Tom Whipple
Category:
  • Shale Oil
  • USA

US Crude Output Growth Expected to Slow Amid Soaring Costs

American drillers will increase oil production at a slower pace than previously expected amid surging costs, stymieing the Biden administration’s hope that the industry will boost output to tame fuel Continue Reading

Posted On : 11 May 2022 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. Shale Swings From Losses To Record Cash Flows

U.S. shale focuses on returning capital to shareholders in 2022. Deloitte: the shale patch is on track for massive free cash flows of a combined $172 billion in 2022 alone. Continue Reading

Posted On : 9 May 2022 Published By : Tom Whipple
Category:
  • Shale Oil

Oil Prices Top $100, Yet Some Big U.S. Frackers Let Their Production Fall

The Biden administration has urged the industry to step up production. Oil prices are at their highest in years and politicians want companies to pump more. But most large American Continue Reading

Posted On : 8 May 2022 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. Rig Count Ticks Higher As Oil Prices Head For Another Weekly Gain

The number of total active drilling rigs in the United States rose by 7 this week, after an increase of 3 rigs in the week prior, according to new data Continue Reading

Posted On : 7 May 2022 Published By : Tom Whipple
Category:
  • Shale Oil

Permian crude volumes surge despite supply chain hindrances: NuStar

Frack crew, supply chain shortages slow growth More bullishness on growth in 2023 Crude oil volumes out of the Permian Basin are still rising to new highs despite supply chain Continue Reading

Posted On : 6 May 2022 Published By : Tom Whipple
Category:
  • Shale Oil

Oilfield Services Are Set For Years Of Profits

After suffering through a wave of bankruptcies during the covid pandemic, the oilfield services sector is bouncing back in a big way as the world attempts to boost oil production. Continue Reading

Posted On : 6 May 2022 Published By : Tom Whipple
Category:
  • Shale Oil

Shale Producers Face $42 Billion In Hedging Losses

BloombergNEF: hedging losses are mounting in U.S. shale. Hess Corp found itself spending $325 million in March to exit hedges at a serious loss. Shale giant Pioneer lost $2 billion Continue Reading

Posted On : 4 May 2022 Published By : Tom Whipple
Category:
  • Shale Oil

Oilfield services bounce back as US drilling boom gathers pace

A drilling boom in America’s oil heartlands has triggered a sharp reversal of fortunes for the country’s long-suffering oilfield services groups as they reap the rewards of the scramble to Continue Reading

Posted On : 3 May 2022 Published By : Tom Whipple
Category:
  • Shale Oil

The U.S. Shale Patch Is Facing A Plethora Of Problems

Mr. Messler is an oilfield veteran, recently retired from a major service company. During his thirty-eight year career he worked on six-continents in field and… The U.S. government appears to Continue Reading

Posted On : 3 May 2022 Published By : Tom Whipple
Category:
  • Shale Oil

Chevron to Ramp Up Production at Biggest USA Oil Field

Chevron will produce the equivalent of about 725,000 barrels of oil daily in the Permian Basin this year. Chevron Corp. lifted its production target in North America’s biggest oil field Continue Reading

Posted On : 2 May 2022 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. drillers add oil and gas rigs for record 21 months a row -Baker Hughes

 U.S. energy firms last week added oil and natural gas rigs for a record 21 months in a row as high prices and prodding by the federal government prompted some Continue Reading

Posted On : 30 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

The Rig Count Climbs As Markets Clamor For More Oil

The rig count has increased once again, hitting levels not seen since April 2020. Russia’s invasion of Ukraine has only added to the demand for drilling, with the rig count Continue Reading

Posted On : 30 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

North American oil companies scramble to find workers despite boom

 When Jeremy Davis was laid off from his oilfield job in Texas in 2020, he did not want to leave the industry after 17 years in oil and gas. But Continue Reading

Posted On : 29 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

Fracking Boom Turns Texas Into the Earthquake Capital of the U.S.

Earthquakes were never anything people in West Texas thought much about. Years would pass in between tremors that anybody felt. Even after the shale revolution arrived in force a decade Continue Reading

Posted On : 29 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

Extreme Weather Leads To Sharp Drop In North Dakota Oil Production

A recent bout of bad weather has slashed oil production in North Dakota by almost 80 percent, and restoring the lost output could take several days. North Dakota, home to Continue Reading

Posted On : 29 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

In the Top U.S. Oil Field, a Battle for Materials Crimps Growth

America’s most prolific oil field is running out of the workers, cash and equipment needed to produce more oil. In the Permian Basin, the sprawling oil-rich region in West Texas Continue Reading

Posted On : 28 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

Goldman’s Top 5 Shale Plays For 2022

Blackrock CEO Larry Fink: elevated energy prices ” will spur a huge amount of investing .” Goldman Sachs: there are five robust factors that could fuel a tripling of oil Continue Reading

Posted On : 27 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. Rig Count Inches Higher As Oil Rally Halts

The number of total active drilling rigs in the United States rose by 2 this week, after an increase of 4 rigs in the week prior, according to new data Continue Reading

Posted On : 23 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

Oil’s Hired Hands See Outlook Brighten as War Fractures Markets

Oil Analyst Sen Sees Rising Risk as SPR Impact Fades The global oil industry is on pace to repeat or even surpass the heady days of 2008 when crude ascended Continue Reading

Posted On : 23 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

EIA: U.S. Crude Production Doubled Since 2010 Because Of Horizontal Wells

81 percent of completed wells in the oil and gas industry were horizontal or directional in 2021. The number of completed oil and gas wells fell by 66 percent between Continue Reading

Posted On : 22 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

It’s Getting Increasingly Expensive To Boost U.S. Oil Production

U.S. shale producers have exercised astonishing capital discipline in recent years. Despite calls on U.S. oil firms to ramp up production, many producers are being plagued by rising costs and Continue Reading

Posted On : 21 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

EIA: Number Of DUCs Falls To Lowest On Record

The number of Drilled but Uncompleted Wells sank to its lowest level ever recorded, according to the Energy Information’s latest Drilling Productivity Report published on Monday. The number of Drilled Continue Reading

Posted On : 19 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

EIA: U.S. Shale Production To See Sizeable Increase In May

U.S. Shale production in the seven most prolific shale basins is set to increase 132,000 bpd in May to 8.649 million bpd, according to the Energy Information Administration’s latest Drilling Continue Reading

Posted On : 19 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

Permian Drilling Permits Hit All-Time Monthly High

Horizontal drilling permits for new wells in the Permian hit an all-time high in March, with 904 total permit awards, Rystad Energy said. Horizontal drilling permits for new wells in Continue Reading

Posted On : 19 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil
  • USA

Texas Sees Oil Employment Rise In March

The Texas Independent Producers and Royalty Owners Association notes another month of positive job growth for the Texas upstream sector in 2022. Citing the latest Current Employment Statistics report from Continue Reading

Posted On : 18 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. Oil Rig Count Ticks Higher Amid Rebound In Oil Prices

The number of total active drilling rigs in the United States rose by 4 this week, after a sizable increase of 16 rigs in the week prior, according to new Continue Reading

Posted On : 16 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. oil drilling, output moving higher with energy prices

 U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry experts. Calls for Continue Reading

Posted On : 15 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

US oil, gas rig count remains steady at 791; Permian gains most rigs: Enverus

Permian at 337 rigs, still 90+ shy of pre-pandemic levels But most basins lost rigs or stood still on week March US shale permits at a monthly high The US Continue Reading

Posted On : 15 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. drillers add oil and gas rigs for third week in a row -Baker Hughes

 U.S. energy firms last week added oil and natural gas rigs for a third week in a row as the federal government seeks more production to help its allies wean Continue Reading

Posted On : 9 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

Permian Takes The Lead As U.S. Drillers Add 16 Rigs

The number of total active drilling rigs in the United States rose by 16 this week. The total rig count increased to 689 this week—257 rigs higher than the rig Continue Reading

Posted On : 9 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. Rig Count Ticks Higher As Permian Drillers Lead The Charge

The number of total active drilling rigs in the United States rose by 3 this week. Permian rig count rose by 4 this week. Gas rig count rose by 1 Continue Reading

Posted On : 5 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil
  • USA

U.S. Drilling Activity Has Risen 60% In One Year

Oil companies are receiving major criticism over recent profits as gasoline prices continue to soar. The truth, however, is that the number of rigs drilling for oil in the United Continue Reading

Posted On : 5 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

SCOOP-STACK gas production at 2-year high as crude prices lift drilling margins

WTI Cushing trading near $100/b Rig count hits 30-month high at 45 Gas production at 25-month high Surging oil prices fueled by Russia’s ongoing war in Ukraine have boosted drilling Continue Reading

Posted On : 5 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

USAC refiners could replace Russian crude with Bakken to loosen tight supply

 Jones Act laws restrict USGC-to-USAC flows, support rail alternatives A restart of St. Croix refinery would boost gasoline, diesel supply US Atlantic Coast refiners could boost volumes of Bakken crude Continue Reading

Posted On : 5 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. Rig Count Ticks Higher As Permian Drillers Lead The Charge

The number of total active drilling rigs in the United States rose by 3 this week. Permian rig count rose by 4 this week. Gas rig count rose by 1 Continue Reading

Posted On : 2 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

Steel Shortage Adds To U.S. Shale Drillers’ Woes

War in Ukraine affects steel goods exports from both Ukraine and Russia. Shortage of steel tubing for wells has become the latest production constraint for U.S. shale. For U.S. oil Continue Reading

Posted On : 2 Apr 2022 Published By : Tom Whipple
Category:
  • Shale Oil

Shale Growth Constrained By Supply Chain Bottlenecks

The U.S. shale industry is racing to ramp up production, “but it won’t be quick.” Supply chain bottlenecks are putting a cap on short term output growth. At this rate, Continue Reading

Posted On : 30 Mar 2022 Published By : Tom Whipple
Category:
  • Shale Oil
  • USA

Bankruptcy Fears Turn Into Merger Mania In U.S. Oil Patch

Last year, bankruptcies in the U.S. shale patch hit record levels. Now, dozens of companies have been successfully emerging from Chapter 11 bankruptcy protection, with M&A their preferred modus operandi. Continue Reading

Posted On : 30 Mar 2022 Published By : Tom Whipple
Category:
  • Shale Oil

What Is Holding U.S. Oil Production Back?

Oil prices are sitting well above the $100 mark and show no sign of falling back any time soon, but that doesn’t mean that a wave of new production will Continue Reading

Posted On : 29 Mar 2022 Published By : Tom Whipple
Category:
  • Shale Oil
  • USA

You can’t just turn on the taps’: bottlenecks hit hopes of US oil output surge

Shortages of staff and supplies are weighing on the recovery of US oilfields, derailing hopes that Texas drillers could unleash gushers of crude to help bring soaring global prices under Continue Reading

Posted On : 27 Mar 2022 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. Oil Rig Count Rises But Production Lags Behind

The number of total active drilling rigs in the United States rose by 7 this week, as WTI trades at more than $113 per barrel. The total rig count increased Continue Reading

Posted On : 26 Mar 2022 Published By : Tom Whipple
Category:
  • Prices
  • Shale Oil
  • USA

What Oil Price Do Cos Need to Profitably Drill in USA?

 The West Texas Intermediate (WTI) oil price companies need to profitably drill a new well in the U.S. is increasing, according to the Dallas Fed Energy Survey. In the organization’s Continue Reading

Posted On : 26 Mar 2022 Published By : Tom Whipple
Category:
  • Air Quality
  • Shale Oil
  • USA

Methane Leaks Plague New Mexico Oil and Gas Wells

Startlingly large amounts of methane are leaking from wells and pipelines in New Mexico, according to a new analysis of aerial data, suggesting that the oil and gas industry may Continue Reading

Posted On : 25 Mar 2022 Published By : Tom Whipple

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