These Two Shale Plays Are Making A Comeback
The Permian basin has garnered much of the media attention when it comes to U.S. shale growth, but higher oil prices are putting more shale regions into profitable territory. In Continue Reading
Shale Drillers Look Beyond Texas as Prices Rise
Shale drillers are ramping up production in the U.S. as oil prices rise, moving beyond the West Texas oil field that became the country’s drilling center. From Oklahoma to North Continue Reading
ConocoPhillips Focuses On Shale, Prepares To Sell North Sea Assets
ConocoPhillips is focusing on its U.S. shale business and is getting ready to sell some or all of its North Sea assets that could fetch US$2 billion, Reuters reported on Continue Reading
US unconventional oil output estimated to jump to 7.178 million b/d in June
US unconventional oil output is estimated to jump 144,000 b/d in June to 7.178 million b/d, the US Energy Information Administration said Monday in its Drilling Productivity Report, the biggest Continue Reading
EIA: US Shale Output To Rise To Record 7.18MMpd In June
U.S. shale production is expected to rise by about 145,000 barrels per day to a record 7.18 million bpd in June, the U.S. Energy Information Administration said on Monday. A Continue Reading
Gas Is Headed for $3. What That Means for the U.S. Economy
Drivers gearing up for trips this summer face escalating prices at the gasoline pump, an early sign that $70-a-barrel oil is starting to reach into consumers’ wallets. Average U.S. retail Continue Reading
US will be ‘very strong’ for next 15-20 years due to shale boom
The growth of the shale industry will strengthen the U.S. for the next 15 to 20 years, Borealis Chief Executive Mark Garrett told CNBC on Sunday. “We’re very positive on Continue Reading
Skeptic Geologist Warns: Permian’s Best Years Are Behind Us
Geologist Arthur Berman, who has been skeptical about the shale boom, warned on Thursday that the Permian’s best years are gone and that the most productive U.S. shale play has Continue Reading
Shale’s Public Enemy No. 1 Says Short the Permian and Eagle Ford
The geologist who earned the wrath of shale drillers a decade ago with forecasts that natural gas was about to run out is now warning that the Permian Basin has Continue Reading
U.S. Rig Count Increases Sharply Amid Rising Crude Output
US drillers added 13 rigs to the number of oil and gas rigs this week, according to Baker Hughes, adding 10 active oil rigs and 3 active gas rigs. The Continue Reading