The Rig Count Collapse Is Far From Over
The US oil and gas rig count fell again this week, according to Baker Hughes, continuing the downward trend with a drop of 5 rigs for the week, according to Continue Reading
Repsol buys Equinor’s Eagle Ford shale stake for $325 million
Spain’s Repsol has agreed to buy Equinor’s equity position in US Eagle Ford shale basin for $325 million in a deal giving it 100% control and operatorship of the shale Continue Reading
Argentina delays Vaca Muerta gas pipeline project due to financial crisis
Financial crisis has made borrowing rates ‘unreasonable’ At least four groups are eyeing the project More pipeline capacity is needed to further develop Vaca Muerta gas Mar del Plata, Argentina Continue Reading
US Daily Oil Output Growth Could Fall from 440K to Nil
Welcome to the new era of moderation for shale producers. IHS Markit predicts that growth in U.S. oil production is heading for a “major slowdown,” falling from 440,000 barrels per Continue Reading
Shale Oil Pioneers Say the Boom is Ending
Two shale pioneers think the days of relentless production growth from US unconventional oil fields are ending. (Bloomberg) — The days of relentless production growth from U.S. shale oil fields Continue Reading
The Drilling Frenzy Is Over For U.S. Shale
A few high-profile shale executives say the glory days of shale drilling are over. In a round of earnings calls, the financial results were mixed. A few companies beat earnings Continue Reading
TROUBLE AT MIGHTY EXXONMOBIL: Record Number Of Shale Wells While Permian Oil Production Remains Flat
There’s trouble brewing in the U.S. largest oil company while most investors remain in the dark. ExxonMobil added a record number of wells in the Permian during the first three Continue Reading
Vaca Muerta leads rise in September oil, gas output in Neuquen, Argentina
Shale oil production surpasses 100,000 b/d Shale growth offsets drop in conventional output September gas output rises 10.6% on year Buenos Aires — Oil and natural gas production in Neuquen, Continue Reading
Oil Majors Attack The Democrat’s Fracking Ban
Exxon and Chevron believe that a ban on fracking will only shift economic benefits out of the U.S. and possibly raise the price of oil, the two largest U.S. oil Continue Reading
ExxonMobil warns a US fracking ban would lift oil price
ExxonMobil has warned that energy investment will shift out of the US if the government bans fracking, the drilling technique that transformed oil production but is opposed by three Democratic Continue Reading