Is Bakken Oil Production Set For An Unexpected Drop?
North Dakota set an oil production record in January this year, and crude output in the state home to the Bakken shale play held close to that record level in Continue Reading
Global Economy Propped Up By U.S. Shale Oil Ponzi Scheme
Few analysts realize that for the past decade, the global economy has been propped up by the U.S. Shale Oil Ponzi Scheme. Without the huge increase in U.S. shale oil Continue Reading
Permian Oil Output Set to Keep Growing
Permian oil production is forecasted to hit 4.226 million barrels per day next month. The U.S. Energy Information Administration (EIA) has forecasted that Permian oil production will hit 4.226 million Continue Reading
Lime Rock to Buy Oklahoma Assets from BP
Houston-based Lime Rock Resources will purchase oil and natural gas properties in Oklahoma from BP America Production Company. Houston-based Lime Rock Resources will purchase oil and natural gas properties in Continue Reading
U.S. shale oil output to rise to record 8.52 million barrels per day in July: EIA
U.S. oil output from seven major shale formations is expected to rise by about 70,000 barrels per day (bpd) in July to a record 8.52 million bpd, the U.S. Energy Continue Reading
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
The Permian Craze Is Fizzling … But Shale Oil Production Isn’t
The frenzied Permania that had oil and gas companies rushing to the O&G hotspot may be on the outs, but production in the industry’s number one basin has not, according Continue Reading
Why The Oklahoma Shale Boom Isn’t Taking Off
Just three years ago it was the new hot spot in U.S. shale, the “Permian Jr.”, and the place where many pinned their hopes for the next oil boom. Now, Continue Reading
Gazprom Neft says Bazhenov shale oil output to reach viability by 2022-2023
Russia’s Gazprom Neft expects lifting costs at Bazhenov formation, the world’s largest shale oil resource, to gradually fall and reach an acceptable level for viable production by 2022-2023, a top Continue Reading
Oil Inches Higher On Falling Rig Count
The the number of active oil and gas rigs in the United States fell again this week according to Baker Hughes, as the overall rig count reaches the lowest point Continue Reading