One Last Warning For The U.S. Shale Patch
Oil price lost 44% of its value late last year. That price collapse was a signal to tight oil companies to stop over-producing. The message will be repeated until action Continue Reading
Oilfield Services Might Not Fully Recover Till 2025
The global oilfield service sector’s recovery from the deepest trough it has ever encountered is not going to happen overnight. Not until 2025, 11 years after the last peak, are Continue Reading
Oil majors rush to dominate U.S. shale as independents scale back
In New Mexico’s Chihuahuan Desert, Exxon Mobil Corp is building a massive shale oil project that its executives boast will allow it to ride out the industry’s notorious boom-and-bust cycles. Continue Reading
Chief aims for Occidental Petroleum to be ‘carbon neutral’
In the Permian Basin of Texas and New Mexico, the racing heart of the US shale oil boom, there is generally not too much soul-searching about the implications for the 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
Equinor May be Mulling Eagle Ford Sale
Norway’s biggest oil company has held talks with potential suitors for its stake in the Eagle Ford business. (Bloomberg) — Equinor ASA is considering selling all or some of its Continue Reading
Permian Frac Scene Could Get Busier Soon
The oilfield services sector in the Permian Basin could be getting action-packed. Hydraulic fracturing operations appear to be ramping up in the Permian Basin, suggesting that the region’s oilfield services Continue Reading
Wastewater – private equity’s new black gold in U.S. shale
Mike Christensen strides among rows of gleaming steel tanks, pointing to pipelines that arrive from miles around to this corner of former farmland near Midland, Texas, the heart of the Continue Reading
Oil Prices Shrug As Rig Count Continues To Fall
The the number of active oil and gas rigs in the U.S. fell once again this week according to Baker Hughes, as oil production fell for the first week this Continue Reading
IEA Warns Of Looming Oil Market Deficit
Production outages and Iran and Venezuela will tip the global oil market into a shortage during the second quarter, the International Energy Agency said in the new edition of its Continue Reading