U.S. Rig Count Gains For 18th Straight Week
The number of active drilling rigs in the United States rose by 5 this week—the 18 th straight weekly increase to the number of oil and gas rigs in the Continue Reading
Permian Basin Update, February 24, 2022
Much of the information for this post comes from data at shaleprofile , and assessments by the USGS . In addition a paper published in Jan 2022 by Wardana Saputra Continue Reading
Are U.S. Shale Firms Spending Enough On New Oil Projects?
Analysts are predicting higher-for-longer oil prices, and it’s becoming a major problem for Biden. The consequences of underinvestment on a global level are only beginning to be felt now. Despite Continue Reading
Frackers Hold Back Production as Oil Nears $100 a Barrel
The Oklahoma City home of Devon Energy, which has raised its dividend to a record level. America’s largest frackers are reporting huge profits but plan to keep oil production in Continue Reading
Frackers Hold Back Production as Oil Nears $100 a Barrel
America’s largest frackers are reporting huge profits but plan to keep oil production in low gear this year, adhering to an agreement with Wall Street, even as prices approach the $100-a-barrel Continue Reading
Not Even $200 Oil Will Make Shale Giants Drill Aggressively
As oil prices have risen, observers that expected to see U.S. shale growth explode have been bitterly disappointed. According to executives at some of the biggest public shale firms, oil Continue Reading
The Oil And Gas Rig Count Continues To Soar
The number of active oil and gas rigs in the United States climbed for a 17 th straight week, with both natural gas and oil rigs increasing. The number of Continue Reading
$90 Oil Offers The Best-Ever Economics For U.S. Shale
The U.S. shale patch is experiencing its best-ever economics this year thanks to a combination of disciplined spending and high oil prices. The Permian basin is still leading U.S. shale Continue Reading
Exxon, Chevron Eye Major Boost In Permian Oil Production
Earlier this month, the Energy Information Administration reported that oil output in the Permian shale play had hit a record, and it was going to continue growing. And now, the Continue Reading
Running Out Of Sweet Spots: Shale Growth May Not Materialize
U.S. shale drillers are looking to boost production in the short term Industry data suggests that well depletion is advancing Drillers remain upbeat about the short term forecast for shale Continue Reading