Drilling Productivity Report
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
US EIA boosts November shale oil output forecast to over 9.08 million b/d
Permian to lead growth with 4.73 million b/d next month Eagle Ford production to continue decline Washington — Despite expectations of a drilling slowdown, the US Energy Information Administration on Continue Reading
U.S. Shale Producers Slash Spending Once Again
For a second consecutive year, U.S. shale producers are finding themselves cutting capital spending for the following year, as investors continue to demand returns from the frenzied drilling over the Continue Reading
The First Sign Of A Consolidation Wave In U.S. Shale
Fund manager Paulson & Co. Inc, a shareholder of Callon Petroleum, is dropping its opposition to a merger between Callon and Carrizo Oil & Gas that could be the start Continue Reading
The U.S. Shale Industry Hit A Brick Wall In 2019
The Great U.S. Shale Industry Machine is finally running out of steam. What looked very promising for the shale industry in 2018 seems incredibly bleak this year. And, if the Continue Reading
US Drops Eleven Oil, Gas Rigs
The U.S. dropped 10 oil rigs and one gas rig for a net loss of 11 rigs this week, according to data from Baker Hughes Company. For the fifth week Continue Reading
US Shale Operators Show ‘Impressive Execution’ in 2019
U.S. shale companies are set to grow their 2019 oil production by 16%, thanks to impressive execution. While there’s been much discussion this year around whether the U.S. shale boom Continue Reading
U.S. Shale Growth To Flatline Within 2 Years
Earlier this summer, it seemed that U.S. shale oil growth was beginning to slow. But then production growth picked back up headed into the fall, and is presently at 12.6 Continue Reading
Listen: North Dakota’s record oil growth to be upended by flaring rules
On today’s Platts Capitol Crude, Lynn Helms, director of the North Dakota Department of Mineral Resources , says Bakken oil output will continue to break records into 2020, but enforcement Continue Reading
US Rig Count Continues its Decline
The nation dropped seven oil rigs while the number of gas rigs remained flat. The U.S. dropped seven oil rigs this week, while the number of gas rigs remained flat, Continue Reading