Last year the fracking company Halcón Resources announced a new strategy that was sold as the path to profits for the previously troubled shale oil and gas firm. The company Continue Reading
Bakken crude differentials for delivery in July rose sharply Wednesday to multi-month highs, flipping to a premium to the NYMEX WTI calendar-month average amid further widening Brent-WTI crude spreads, with Continue Reading
Pipeline bottlenecks in the Permian Basin are hurting prices for cash-strapped producers Bob Watson said his company is in the process of selling its Eagle Ford land, which totals more Continue Reading
U.S. energy companies added the most oil rigs in both a week and a month since February as drillers continued to return to the well pad with crude prices at Continue Reading
US drillers added 13 rigs to the number of oil and gas rigs this week, according to Baker Hughes, with oil rigs increasing by 15 and gas rigs dipping by Continue Reading
A natural gas bottleneck in the Permian Basin could force oil producers to shut wells or seek waivers to flare large amounts of natural gas if takeaway capacity does not Continue Reading
A new and growing challenge for Permian oil and gas companies is handling and disposing of water. Much of the attention given to the Permian Basin nowadays hinges on growth Continue Reading
In 2016, for instance, gas flows leaving the Permian typically clocked in at about 3.6 billion cubic feet per day (Bcf/d), according to S&P Global Platts . That number has Continue Reading
US oil production from shale and unconventional sources will grow in the future, but the rate will likely be less than most widely accepted sources currently predict, a well-respected industry Continue Reading
Few Americans realize that the U.S. economy is being propped up by the Shale Oil Industry. However, the shale oil industry is nothing more than a Ponzi Scheme, so when Continue Reading
