North Dakota’s Crude Oil Production Could Peak Within 5 Years
Crude oil production in North Dakota could peak over the next five years as producers will have drilled up the core production areas and will have to move to less Continue Reading
The Shale Oil Bubble Accounted For 99% Of U.S. Oil Production Growth Since 2007
Without the unprofitable and unconventional shale oil supply, U.S. oil production would still be below 5 million barrels per day. While we can applaud the shale industry for allowing the Continue Reading
Peak Shale Could Spark An Offshore Drilling Boom
John Hess, CEO of Hess Corporation, a large U.S.-based independent oil producer, recently told a Houston audience where he’s putting the company’s money these days : Offshore drilling. That should Continue Reading
US Job Losses in Oil, Gas Industry Flat in January
Job losses in oil and gas eased in January. The job losses in the U.S that have plagued the oil and gas industry for most of the latest downturn showed Continue Reading
Note to EIA: Major shale operator sending cash elsewhere
John Hess, CEO of Hess Corporation, a large U.S.-based independent oil producer, recently told a Houston audience where he’s putting the company’s money these days : Offshore drilling. That should Continue Reading
Supermajors Are On The Prowl For Fresh Deals In The Permian
There hasn’t been much Permian-centric M&A follow-through from last spring’s buy-out of Anadarko Petroleum by Occidental, (NYSE: OXY). At the time, the sages and pundits were widely predicting an M&A Continue Reading
Coronavirus Is Bruising America’s Oil Patch—How Badly Is the Question
Many companies in America’s oil patch were already struggling when the coronavirus came around. Investors are worried some won’t pull through. U.S. benchmark crude prices started the year strong, rising Continue Reading
Texas Regulator Readies First Flaring Report Amid Backlash
A Republican defending his seat on Texas’s all-powerful energy regulator is preparing a first-of-its-kind report on natural gas flaring, a practice that’s come under fire from environmental groups and even Continue Reading
Oil Rigs Hold Steady While Oil Prices Continue to Sink
It’s business as—almost–usual in the United States, even after a fifth week of faltering oil prices as the coronavirus outbreak eats away at oil demand and strikes fear in the Continue Reading
U.S. Top Shale Oil Fields Decline 10 Times Faster Than Global Oil Industry
The Global Economy is heading for serious trouble when the disintegration of the U.S. Shale Oil Industry begins, likely within the next few years. With Global GDP growth based on Continue Reading