Shale Patch Will Likely Cut Budgets Next Year
Shale explorers will likely cut spending budgets next year for the first time since the last price crash as crude spirals down again, analysts said. (Bloomberg) — Shale explorers will Continue Reading
Natural Gas Prices Fall Below Zero In Texas
Surging U.S. oil production in the Permian basin has helped crash oil prices. But the Permian is also home to skyrocketing natural gas production, and output is growing so fast Continue Reading
The romance of drilling for oil has peaked
When the price of crude oil goes through one of its periodic downturns, as it is doing now, it sends a shiver through the oil industry. History promises that higher Continue Reading
North Dakota OKs processing plant expansion in effort to reduce natural gas flaring
The North Dakota Public Utilities Commission approved a 150 MMcf/d expansion to Kinder Morgan’s Roosevelt gas processing plant in McKenzie County, increasing the total of significant new plants or expansions Continue Reading
Oil’s Tumble Threatens U.S. Shale Drillers
Falling prices could force shale drillers—who fracture underground rock formations to release the oil and gas trapped inside—to moderate their growth in booming areas such as the Permian Basin in Continue Reading
Race to Export US Shale Gets Fierce, Gulf Coast Terminals Want In
The race to export U.S. shale oil overseas is about to get fierce, with at least nine proposed terminals angling for a piece of a very limited pie. Within 18 months, Continue Reading
The Limits of Renewable Energy and the Case for Degrowth
The energy transition is the focus of much discussion. To read the accounts in the mainstream media, one gets the impression that renewable energy is being rolled out quickly and Continue Reading
U.S. oil drillers cut rigs for first week in three: Baker Hughes
(Reuters) – U.S. energy firms this week cut oil rigs for the first time in the three weeks as crude prices have fallen to their lowest in over a year. Continue Reading
Rig Count Falls Amid Recovering Oil Prices
Baker Hughes reported a 3-rig decrease for oil and gas in the United States this week. The total number of active oil and gas drilling rigs now stands at 1,079 Continue Reading
Oil Companies Lose $1 Trillion As Prices Crash
Bearish sentiment has taken hold of oil markets, with oil and gas companies having lost $1 trillion since oil began its latest slide. – The Wolfcamp has been one of Continue Reading