Why U.S. Shale May Fall Short Of Expectations
The U.S. shale industry may not grow as much, or at least as fast, as everyone thinks it will, according to a top industry executive. The drilling frenzy in West Continue Reading
Permian explorer Endeavor Energy eyes potential $10 billion-plus sale: source
Endeavor Energy Resources LP [EERL.UL] is exploring a sale that could value the Texas-based privately held oil producer at more than $10 billion, a source familiar with the matter said Continue Reading
Private Equity Needs Long-Term Approach to Cash in on Shale
For private equity, the game plan for cashing in on the U.S. shale boom is shifting from quick flips to long-term commitments, according to one veteran energy investor. (Bloomberg) — Continue Reading
Halliburton’s Optimism Clouded by Weak End to 2018
Halliburton’s optimistic outlook for the U.S. oil and gas industry in 2019 was overshadowed by a worse-than-expected projection for the final three months of this year as activity slows throughout Continue Reading
Water Use in Fracking Soars — Exceeding Rise in Fossil Fuels Produced, Study Says
The amount of water used per well jumped as much as 770 percent between 2011 and 2016, researchers say. As fracking expands, its water and wastewater footprints are forecast to Continue Reading
U.S. Shale Has A Glaring Problem
Oil prices are down a bit, but are still close to multi-year highs. That should leave the shale industry flush with cash. However, a long list of U.S. shale companies Continue Reading
Is There Too Much Light Crude On The Market?
A lighter crude oil grade is being sold from the Permian, Bloomberg reported earlier this week, noting it was selling at a discount to the regional benchmark, WTI Midland. It Continue Reading
U.S. Midland crude firms, Cushing weakens ahead of pipeline startup
NEW YORK (Reuters) – The upcoming startup of an expanded crude pipeline from the Permian Basin to Cushing, Oklahoma has rapidly strengthened oil prices in West Texas while weighing on Continue Reading
Schlumberger chief warns on US shale oil production
US shale oil production could fall short of its most optimistic projections because of emerging problems in the industry, the chief executive of the world’s largest oilfield services group has Continue Reading
Analysis: Permian Basin gas constraints on track to ease in 2019
Natural gas production in the Permian Basin has outpaced pipeline takeaway capacity, but with the rollout of new projects, this trend is expected to change next year. Receive daily email Continue Reading