US Adds 15 Oil, Gas Rigs
The U.S. rig count increased for the first time this year as the nation added 14 oil rigs and one gas rig, according to weekly data from Baker Hughes Co. Continue Reading
IEA sees well-supplied oil market despite slower shale growth
The oil market is likely to stay well supplied in the near term with oil stocks growing in the first half of 2020 despite deeper production cuts from the OPEC Continue Reading
Argentina oil workers threaten to strike in Vaca Muerta over layoffs
A leading oil union in Neuquen, Argentina’s biggest oil basin, is threatening to go on strike if companies lay off even one worker, a situation that could hit crude and Continue Reading
Number Of DUC Wells Plunges In Latest Sign Of Shale Distress
Over the past six months, the number of drilled but uncompleted (DUC) wells across the U.S. shale patch has been steadily declining in a fresh sign that shale producers have Continue Reading
Will The Permian Peak This Year?
Ticker: Just a few years back, the U.S. shale industry was drowning in a sea of hubris, with pompous experts making outrageous claims such as the Permian Shale is a Continue Reading
Just How Serious Is The Shale Slowdown?
U.S. shale growth may be slamming on the breaks, although analysts differ over how significant the slowdown will be. The EIA says that U.S. shale growth will slow down this year, but the Continue Reading
Shale Pioneer Mark Papa: Expect M&A Wave In Shale
Slowing U.S. crude oil production growth will likely lead to a new wave of consolidation across the U.S. shale patch, where the big players will acquire the ‘smaller guys’, shale Continue Reading
Experts Insist Permian Output is Approaching a Peak
Over the past five years, has the industry and its investors mistaken a massive structural change for a simple cyclical event? (Bloomberg) — Such is the extent of the shakeout Continue Reading
Is the US Shale Boom Really Slowing Down?
Since taking flight in 2008, the American shale oil revolution has probably been the biggest energy story since the end of World War II. U.S. crude oil production has leaped Continue Reading
The real price of Occidental’s ‘costless’ oil hedge
In just 12 days, Occidental Petroleum Corp pulled off one of the biggest hedges against falling oil prices ever placed by a U.S. energy company. It characterized the transaction as Continue Reading