Shale Bottlenecks Could Send Oil Prices Higher
Amid reports that OPEC will likely decide to start easing production quotas after June 22 and an IEA forecast that electric vehicles will displace 2.5 million bpd in crude oil Continue Reading
Baker Hughes: US Drillers Add Oil Rigs For Second Week In A Row
U.S. energy companies added oil rigs for a second week in a row even though crude prices have declined about 7 percent over the past two weeks and analysts do Continue Reading
Oil prices won’t keep plunging because US drillers can’t meet demand, analysts say
U.S. crude prices sank on Thursday after a brief rally in the previous session, but analysts say the recent slump in oil prices won’t last much longer. In the five Continue Reading
Shale’s surge crashes into bottlenecks from pipelines to ports
The U.S. shale surge is crashing headlong into a barrage of bottlenecks. From West Texas pipelines to Oklahoma storage centers and Gulf Coast export terminals, the delivery system for American Continue Reading
U.S. oil output jumps to record 10.47 million barrels per day in March: EIA
U.S. crude oil production jumped 215,000 barrels per day (bpd) to 10.47 million bpd in March, the highest on record, the Energy Information Administration (EIA) said in a monthly report Continue Reading
24 Oil Wells in a School’s Backyard. How Close Is Too Close?
A new oil rig will rise behind a middle school in this sprawling county in the coming months, its slender tower bearing an announcement: fracking is back. After a downturn Continue Reading
Higher Prices To Help Oil Companies Refinance $400B In Debt
Oil and gas companies that took a lot of loans and issued five- and seven-year notes in the “exuberance” years before 2014 are likely to get more favorable terms from Continue Reading
Why Aren’t Permian Oil Producers Profitable?
The Wall Street Journal recently reported that only five of the Top 20 U.S. oil companies focused mostly on hydraulic fracking generated more cash than they spent in the first Continue Reading
Texas oil production higher, but data are mixed
Preliminary data on crude oil production from the shale basins in Texas show a moderate increase from last year, a state regulator reported. The Texas Railroad Commission, the state energy Continue Reading
Shale Surge Crashes Into Bottlenecks From Pipelines to Ports
The U.S. shale surge is crashing headlong into a barrage of bottlenecks. From West Texas pipelines to Oklahoma storage centers and Gulf Coast export terminals, the delivery system for American Continue Reading