U.S. Oil Rig Count Falls As Prices Slide
The the number of active oil and gas rigs fell in the United States again this week according to Baker Hughes, despite record-breaking production for the week ending February 22—the Continue Reading
US Shale Operators Cut CAPEX, Up Production
Analysis from Rystad Energy reveals a boost in production and a decrease in capital spending for U.S. shale companies in 2019. For U.S. shale companies, 2019 will see a boost Continue Reading
U.S. oil rig counts falls to lowest since May 2018: Baker Hughes
U.S. energy firms this week cut the number of oil rigs operating to the lowest in almost nine months as some producers follow through on plans to cut spending despite Continue Reading
U.S. crude oil output falls in Dec. for first time since May: EIA
U.S. crude oil production edged lower in December to 11.85 million barrels per day, posting its first decline since May, the U.S. Energy Information Administration said in a monthly report Continue Reading
The Permian Is A Double-Edged Sword For Oil Majors
The oil majors are scrambling to scale up their shale operations, and they are quickly becoming the most dominant producers in the shale sector, despite having arrived late to the Continue Reading
U.S. crude output hits another peak, net imports at record low: EIA
U.S. crude oil production rose 100,000 barrels per day last week to a record 12.1 million bpd, hitting a peak for the second straight week, according to data released by Continue Reading
Shale Growth Is Nearing An Inflection Point
Drilling activity has plateaued in much of the U.S., with the rig count zig-zagging well below the peak from last November. The rig count often rises and falls in response Continue Reading
BP CEO Dudley: U.S. Shale Is ‘A Market Without A Brain’
The U.S. shale industry responds only to oil price signals and is like “a market without brain” , BP’s chief executive Bob Dudley said on Tuesday. “The U.S. is the Continue Reading
Many Shale Operators in Quandary
A majority of large publicly held US shale operators are between a proverbial rock and a hard place. How to service debt and pay out dividends? That is a question Continue Reading
Wall Street Loses Faith In Shale
To Wall Street, the shale industry has lost a lot of its allure. A decade’s worth of promises have failed to materialize, and Big Finance is cutting some of its Continue Reading