Falling Rig Count Supports Crude Prices
More good news came in today for the oil bulls as Baker Hughes reported a 8-rig decrease for oil and gas in the United States this week. The total number Continue Reading
US Drops Eight Oil Rigs This Week
US drillers drop eight rigs this week as crude prices advance. After two weeks of adding oil rigs, the U.S. rig count declined by eight this week, according to data Continue Reading
Retamco pulls out of Argentinian shale project after failing to obtain financing
Retamco Operating has pulled out of a license in the Vaca Muerta after failing to come up with the financing to develop a block in the Argentinian shale play, a Continue Reading
The World’s Most Productive Oil Field
Many people will tell you that the production rate of Saudi Arabia’s Ghawar oil field, which has yielded 5 million barrels of petroleum per day for decades, will never be Continue Reading
Outlook 2019: US crude oil production growth rates seen lower as lack of visibility clouds outlook
With oil prices below $50/b, 2019 still uncertain Prices are minimum required for output growth: Platts Analytics Producer fiscal discipline seen persisting into new year Houston — As the price Continue Reading
Fracking’s Secret Problem—Oil Wells Aren’t Producing as Much as Forecast
Two-thirds of projections made by the fracking companies between 2014 and 2017 in America’s four hottest drilling regions appear to have been overly optimistic, according to the analysis of some Continue Reading
Equinor publishes updated assay for 60-API Eagle Ford chem grade
Equinor published Wednesday an updated assay for “Eagle Ford chem grade,” the name it gives to a high-API, naphtha-rich condensate produced from the South Texas shale play. Receive daily email Continue Reading
U.S. Shale Challenges OPEC’s Oil Dominance In Asia
The explosive growth of U.S. shale production has capped gains of international and U.S. oil prices, offsetting OPEC’s production cuts in the first half of the year and contributing to Continue Reading
Low Oil Prices Could Cripple Texas Job Growth
Job growth in Texas is not exactly screeching to a halt, but low oil prices could start to lead to weaker employment figures. “The Texas labor market will likely tighten Continue Reading
Shale Drillers Cut Budgets as Oil Prices Drop
Producers Diamondback Energy Inc., FANG -1.07% Parsley Energy Inc. PE -2.18% and Centennial Resource Development Inc. CDEV -1.63% either plan to operate fewer drilling rigs in 2019 or recently lowered Continue Reading