The Myth Of Cheap Shale Oil
The breakeven cost of producing oil from U.S. shale is roughly the same as non-shale, despite the tidal wave of investment into the sector. According to the Federal Reserve Bank Continue Reading
EIA tight oil estimates
The US Energy Information Administration publishes Tight Oil Production Estimates by Play each month (can be found at link above.) I noticed this month that the estimates seemed different than Continue Reading
SEA OF RED: Majority Of U.S. Shale Companies Took A Beating Q1 2019
The overwhelming majority of U.S. shale companies were hit hard due to lower oil prices in the first quarter of the year. Just about every shale company that I keep Continue Reading
Diamondback’s Rattler Raises $665MM
Rattler Midstream Partners LP raised $665 million in the biggest energy initial public offering of the year, pricing an increased number of shares in the middle of its targeted range. Continue Reading
U.S. Shale Oil Production Set To Grow 16% This Year
US shale operators are on course to increase oil production significantly in 2019. The growth in US onshore production from the first quarter through the fourth quarter could come in Continue Reading
Oil Rises But Some Drillers Are Filing For A Second Bankruptcy
Not everyone in the shale patch is profiting from the higher oil prices this year, the continuously rising oil production in the Permian, and the record U.S. crude output. While Continue Reading
What The Market Is Overlooking In The Occidental Deal
Occidental Petroleum, (NYSE: OXY), lit up the Permian sky, with its mid-April announcement that it was going to call and raise Chevron’s (NYSE:CVX) bid for Anadarko Petroleum, (NYSE: APC). Almost Continue Reading
U.S. Oil Rig Count Dips To 14-Month Low
The the number of active oil and gas rigs fell again in the United States this week according to Baker Hughes, after a string of losses in the weeks prior, Continue Reading
Exxon’s Permian Production to Yield $64B for New Mexico
ExxonMobil Corp.’s development of its Permian resources could yield $64B for the state of New Mexico, according to a study conducted for the company. ExxonMobil Corp.’s development of its Permian Continue Reading
US Has Net Loss of One Rig
The U.S. dropped three oil rigs and added two gas rigs for a net loss of one rig this week. The U.S. dropped three oil rigs and added two gas Continue Reading