The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction. (Bloomberg) — The price Continue Reading
Houston’s Kinder Morgan and Midland-based EagleClaw Midstream said they’ve authorized the proposed $2 billion Permian Highway Pipeline project to transport natural gas from West Texas to Houston and other hubs. The Continue Reading
The US shale oil industry is slowing as logistical challenges including labor costs and a lack of adequate pipeline capacity pile up, the chief executives of some of the largest Continue Reading
These first charts are taken from the EIA’s Monthly Crude Oil and Natural Gas Production . The data is through June 2018 and is in thousands of barrels per day. Continue Reading
Many think that debt and negative cash flow by U.S. shale companies will crash the global financial system. I believe the opposite is more likely, that a developing financial crisis Continue Reading
Pipeline capacity constraints in the Permian are affecting not only surging oil production. There’s a shortage of natural gas pipelines as well, and operators across West Texas and New Mexico Continue Reading
The death of U.S. Energy Independence will occur when the collapse of shale oil production begins. And when U.S. shale oil production finally peaks and declines, it could fall much Continue Reading
The chief executive of the largest oilfield service provider, Schlumberger, warned on Tuesday that bottlenecks in the largest U.S. shale basin would slow oil production growth and investments in the Continue Reading
As the crude powerhouse that is Texas’ Permian Basin becomes old news, oil explorers are looking for the next big thing–and they have found it in the more-than 4000 feet Continue Reading
After nearly two decades of horizontal drilling, fracking – as it is commonly known, has “turned the energy world upside down,” according to Journalist Bethany McLean, a former Goldman Sachs Continue Reading
