Peak Shale Will Send Oil Prices Sky High
Much of the cheap oil has been produced, and the oil industry is increasingly relying on costly reserves. While the world is awash in supply right now, the market may Continue Reading
Sanders unveils fracking ban proposal with sweeping prohibitions on pipelines, crackers
US Senator Bernie Sanders, a leading Democratic presidential candidate, has introduced legislation to phase in a nationwide ban on hydraulic fracturing and immediately block all federal permits on “fracked” oil Continue Reading
Peak Permian Oil Production May Arrive Much Sooner Than Expected
In mid-January, Adam Waterous, who operates the private equity firm Waterous Energy Fund, made a prediction about the crown jewel of the U.S. shale oil industry, the Permian shale play Continue Reading
Plains sees Permian oil output growth slowing to 400,000 b/d by year end
Plains All American Pipeline expects Permian oil production growth to shrink to 400,000 b/d by the end of 2020 as drillers focus on capital discipline, executives said Tuesday. US production Continue Reading
Oil Bankruptcies Are Reaching Worrying Levels
Law firm Haynes and Boone recently released its updated Energy Bankruptcy Reports . These reports cover North American oil and gas producers, oilfield services and midstream bankruptcies from the beginning Continue Reading
What Impact Would a Fed. Acreage Frack Ban Have?
Rystad Energy looks at the potential impact of a federal acreage fracking ban. If fracking activity was to be eliminated on federal acreage, the result would be a widespread shift Continue Reading
Debt-laden energy companies are taking whatever cash they can get
Range Resources rushed to refinance its debt at the start of this year, taking advantage of a rally in oil prices and renewed investor demand for junk-rated energy bonds. Despite the Continue Reading
Hess Raises 2020 Capex To $3B To Develop Bakken, Guyana
U.S. oil producer Hess Corporation said on Tuesday it expects to allocate US$3 billion for production, development, and exploration in 2020, focusing on high-return investments in the Bakken shale play Continue Reading
After a Decade of Fracking, Billions of Dollars Lost and a Climate in Crisis
As 2020 begins, the impacts of climate change have become increasingly clear around the world. The new year started amid devastating wildfires, tied to the worst droughts Australia has experienced Continue Reading
Equinor, Shell and Total vow to press on with projects in Vaca Muerta
Equinor, Shell and Total vowed to press on with projects in Vaca Muerta, even as policy uncertainty and price controls make it harder to plan investment in Argentina’s biggest shale Continue Reading