Oil and Gas Pipelines Needed in the Permian Basin
A lack of pipeline capacity is hampering Permian Basin crude oil and natural gas production. Pipelines that were adequate a few years ago are now overwhelmed due to the tremendous Continue Reading
Multibillion-dollar acquisition creates Permian major
A $9.2 billion all-stock acquisition creates one of the larger entities working in the Permian shale basin in the United States, Diamondback Energy announced. Diamondback announced the all-stock acquisition of Continue Reading
Crude-By-Rail Could Save The Permian Boom
Nutshell-Overview Crude-by-Rail (CBR) has been a savior for North American producers seeking higher returns for heavily discounted crudes caused by a lack of pipeline take-away capacity. And CBR, once again, Continue Reading
BP bets big on shale for its US comeback
BP’s blockbuster $10.5bn deal for a portfolio of shale oil assets from BHP Billiton was not only its biggest acquisition in almost 20 years, it signalled the company’s big comeback Continue Reading
The Productivity Problem In The Permian
Output in the Permian basin is already starting to slowdown, largely due to pipeline constraints. However, there is also a series of other data points that suggests that shale drillers Continue Reading
Is Deepwater Drilling More Profitable Than Shale?
Royal Dutch Shell says that offshore drilling is now more competitive than onshore shale drilling, upending what has become conventional wisdom since the 2014 oil market meltdown. The downturn was Continue Reading
Shale Profits Remain Elusive
This time was supposed to be different. This year was supposed to be the year in which the U.S. shale industry proved that, after years of frustrating investors, they would Continue Reading
US unconventional oil production seen growing by 93,000 b/d in September: EIA
US unconventional oil production is forecast to increase to 7.522 million b/d in September, up 93,000 b/d from August, the US government said Monday – the smallest month-on-month growth projection Continue Reading
The Fracking Industry Is Cannibalizing Its Own Production, Increasing Spill Risks
In the climactic final scene in There Will Be Blood — arguably the greatest movie about the oil industry — the main character played by Daniel Day Lewis explains how Continue Reading
U.S. drillers add most oil rigs since May: Baker Hughes
U.S. energy companies this week added the most oil rigs since May as drillers follow through on plans to spend more on exploration and production in anticipation of higher crude Continue Reading