US Drops Five Oil Rigs
The U.S. idled five oil rigs and added two gas rigs for a net loss of three rigs this week. The U.S. idled five oil rigs and added two gas Continue Reading
N. American Shale Primed for Growth Despite Possible Oil Price Declines
If OPEC and Russia don’t decide on deeper cuts in oil production for 2020, it could cause oil prices to drop. But the production outlook for North American shale will Continue Reading
Shale Frac Spread Rebound Hopes Fade
A seasonal increase in the number of US shale basin-based frac spreads has not materialized. Back in September, Rigzone reported that a firm that gauges the U.S. upstream industry’s health Continue Reading
U.S. Shale Will Grow Regardless Of Oil Prices
U.S. shale oil production will continue growing even if international prices fall, says Rystad Energy. The Norwegian energy consultancy said in a new report that despite a decline in the Continue Reading
Analysis: US oil, gas rig count falls by 4 to 691, Permian totals slide
The number of active US oil and gas rigs tumbled by four to 691 this week, the lowest count since March 2017, with a slowdown in the prolific Permian Basin Continue Reading
Shale’s Debt-Fueled Drilling Boom Is Coming To An End
The financial struggles of the U.S. shale industry are becoming increasingly hard to ignore, but drillers in Appalachia are in particularly bad shape. The Permian has recently seen job losses Continue Reading
The One Sweet Spot That Continues To Drive Permian Growth
The Bone Spring formation has been one of the most prolific shale plays in the Permian in recent years and continues to drive production growth The Bone Spring formation has Continue Reading
Halliburton Slashes 800 Oklahoma Jobs As Shale Slowdown Bites
Oilfield services provider Halliburton has notified the Oklahoma Office of Workforce Development that it would dismiss 800 employees, the Oklahoma agency’s spokesman David Crow tells The Associated Press , as Continue Reading
US shale ‘magic’ stalling; investments shrinking: Standard Chartered’s Horsnell
Shale largest area of oil market uncertainty $65/b WTI needed to lift sentiment Majors’ shale expansion brings no quick fix London — The US shale boom is stalling as productivity Continue Reading
U.S. oil output growth slows: just how much is anyone’s guess
U.S. oil producers could expand daily output by 1 million barrels next year, or by as little as 100,000 barrels, with the wide gap creating huge uncertainty as OPEC officials Continue Reading