Oil Flat As U.S. Drilling Slows Down
Oil prices were up early on Monday, steadying at a two-month high last seen in mid-November, as the plunging U.S. rig count last week signaled a slowdown in shale drilling Continue Reading
Huge Backlog Could Trigger New Wave Of Shale Oil
The number of drilled but uncompleted wells (DUCs) in the U.S. shale patch has skyrocketed by roughly 60 percent over the past two years. That leaves a rather large backlog Continue Reading
US Oil, Gas Rig Count Plummets As Oil Prices Surge
Baker Hughes reported a drastic reduction to the number of active oil and gas in the United States this week. The total number of active oil and gas drilling rigs Continue Reading
US Drops 25 Oil and Gas Rigs This Week
This marks the third consecutive week of rig declines for the US. The United States dropped a whopping 21 oil rigs this week, marking the third consecutive week of declines Continue Reading
Low Oil Prices Are Not The Only Problem For The Permian
While low oil prices are beginning to slow the growth of U.S. shale , in the years ahead oil and gas drilling could be curtailed by a different problem: a Continue Reading
Fracking in 2018: Another Year of Pretending to Make Money
2018 was the year the oil and gas industry promised that its darling, the shale fracking revolution, would stop focusing on endless production and instead turn a profit for its Continue Reading
Art Berman: Exposing The False Promise Of Shale Oil
Art Berman, geological consultant with over 37 years experience in petroleum exploration and production, returns to the podcast this week to debunk much of the hopium currently surrounding America’s shale Continue Reading
Offshore Spending To Overtake Shale In 2019
Rystad Energy forecasts offshore spending will outgrow spending on onshore shale activities this year. Service companies exposed to the offshore subsea market and the maintenance, modifications and operations (MMO) sector Continue Reading
U.S. Oil Outlook Slammed By Lower Prices
The recent slide in oil prices may finally start impacting U.S. oil production forecasts. The plunge in oil prices in November and December spread gloom around the industry. Comments from Continue Reading
Permian Shale Oil Boom Holds Mixed News for OPEC
The year has barely begun but it’s already shaping up nicely for OPEC, with crude rebounding sharply after the worst fourth-quarter performance since 2014. A new production cuts deal with Continue Reading