Fifty Shades Of Shale Oil
The rise of U.S. tight oil production over the last several years has upended the oil market and challenged OPEC’s hold on oil prices. This seemingly relentless growth in U.S. Continue Reading
Two new 100-MW utility-solar units expected in the Permian Basin
Facilities will add 13.4% to ERCOT solar capacity Receive daily email alerts, subscriber notes & personalize your experience. Register Now Most of the solar capacity is in or near Permian Continue Reading
US Oil and Gas Employment Up 5.4% in 2018
Texas accounted for four out of 10 US oil and gas jobs last year. The U.S. oil and gas industry employed 880,681 professionals in 2018, up 5.4 percent from the Continue Reading
An Unexpected Bullish Factor For Oil
U.S. shale drilling activity is set to slow this year as companies respond to lower oil prices. However, a lower WTI price is not the only reason for the deceleration. Continue Reading
US Adds Seven Oil Rigs
The US saw an addition of seven oil rigs this week but saw a decline in gas rigs. After a week of a net loss of 14 rigs , the Continue Reading
Oil Rig Count Rises As Oil Prices Stabilize
Baker Hughes reported an increase in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling rigs Continue Reading
Size Matters for Profitable Shale Drilling
When it comes to whether or not shale drilling in the Permian is actually profitable, Rystad Energy concludes that operator size matters. Say it ain’t so. Some oil and gas Continue Reading
Argentina’s shale output pushes up 2018 oil and gas production in Neuquen
Vaca Muerta, the biggest shale play in Argentina, led a year-on-year increase in oil and natural gas production in 2018 in Neuquen, as more companies bet on the resources for Continue Reading
Frac Sand Accumulates as Demand Weakens
Just a year after rushing into America’s busiest oil field with new mines, frac-sand producers may have overdone it. West Texas sand used in the hydraulic fracturing process will drop Continue Reading
Liberty estimates 20 pct of U.S. frac fleets idled since mid-2018
Roughly 20 percent of the hydraulic fracturing fleets that were active in mid-2018 have now been idled or are being idled, as lower oil prices prompt producers to tighten their Continue Reading