Is The Shale Boom Running On Fumes?
Shale drilling does not produce as much oil and gas as the industry promised, raising questions about the productivity, profitability and, ultimately, the longevity of the fracking boom. The Wall Continue Reading
The Next Oil Boom Is Happening Here
Just as the U.S. shale industry is slowing down, oil production in other non-OPEC countries is on the rise. Output in U.S. shale grew substantially in 2019, although at a Continue Reading
As Shale Wells Age, Gap Between Forecasts and Performance Grows
The early promises of blockbuster shale wells that many fracking companies made to investors are looking even more suspect as the wells age. For years, frackers touted estimates of how Continue Reading
Big Banks Turn Bearish On Oil Next Year
As the year draws to a close, the Brent and WTI oil benchmarks are trading at $66.55 and $61.54, respectively. From $60.65 to $64.50, investment bank and analyst projections for Continue Reading
2020 WTI prices may leave companies unable to cover costs: Dallas Fed survey
US oil and gas executives expect WTI prices to average $58.54/b by the end of 2020, but most are also basing their capital spending on 2020 prices trading roughly 8% Continue Reading
US Drops Eight Oil Rigs
The U.S. dropped eight oil rigs this week while the number of gas rigs remained flat. The U.S. dropped eight oil rigs this week while the number of gas rigs Continue Reading
Permian Gas Problem Getting Worse | Rigzone
America’s top shale field is becoming increasingly gassy as drilling slows down, undercutting profits for explorers at a time when investors are demanding better returns. Natural gas has long been a Continue Reading
Is the US Shale Boom Really About to End?
If current crude flow data forms the basis of industry opinion, US shale oil production has shifted the tectonic plates of the market. Thanks largely to a massive output uptick Continue Reading
2020: The Year Of The Oil Bankruptcies
A bankruptcy boom has hit the oil and gas industry, and it’s just getting started. Investors have lost their appetite for shale, and energy debt has become among the least Continue Reading
Argentina faces big challenges to develop Vaca Muerta for export growth
Argentina is suffering growing pains as it seeks to become a major oil and natural gas exporter, a goal thought feasible thanks to huge shale resources, but which also requires Continue Reading