The Labor Shortage In The Shale Boom
Shale drillers are scrambling to take advantage of the recent surge in oil prices, but the cost of production could begin to creep up, offsetting some of the promised gains. Continue Reading
Worries about US shale output as oil hits three-year high
Brent crude rose to a three-year high of $70 a barrel last week, but there are questions about the rally’s resilience as higher oil prices threaten to unleash a new Continue Reading
IEA: $65-70 Oil Could Cause Surge In U.S. Shale Production
Oil producers may be enjoying oil prices at $65 to $70, but these price levels are likely to encourage even more oversupply from U.S. shale, Fatih Birol, the Executive Director Continue Reading
U.S. drillers add most oil rigs in a week since June: Baker Hughes
U.S. energy companies added 10 oil rigs this week, the biggest increase since June, as crude prices rose to their highest levels in three years, prompting drillers to return to Continue Reading
Oil drillers in Canada boost rigs to 10-month high: Baker Hughes
Energy firms in Canada almost doubled the number of rigs drilling for oil this week to the highest level in 10 months as producers returned en masse from Christmas breaks Continue Reading
Shale Restraint Could Lift Oil To $80
Brent recently hit $70 per barrel and WTI surpassed $64.50 , and oil executives from the Middle East to Texas no doubt popped some champagne. The big question is whether Continue Reading
Will Surging U.S. Shale Kill Off The Oil Rally?
The EIA released the latest version of its Short-Term Energy Outlook (STEO), in which the agency dramatically revised up its expectations for U.S. oil output. Previously, the EIA thought the Continue Reading
Rig-Count Chaos: Shale Drillers Are Confusing Oil Analysts
For US shale drillers who have seen prices climb almost 50% in six months, it’s been largely a rig-less recovery. (Bloomberg) — For U.S. shale drillers who have seen prices Continue Reading
Texas issues 12 percent fewer oil, gas drilling permits in December
Texas issued 885 oil and gas drilling permits in December, down 12 percent compared with the same month in 2016, the state’s energy regulator said on Tuesday. – December’s total Continue Reading
Column: U.S. shale returns to growth, posing problem for OPEC: Kemp
U.S. crude oil prices have risen above $60 per barrel which should accelerate shale drilling and production in the next few months, provided the price increase is sustained. U.S. crude Continue Reading