What’s Next For U.S. Shale Giants?
For OPEC, U.S. shale oil is a curse. For the Trump administration, it is the biggest tool to help achieve what the White House has dubbed energy dominance . There Continue Reading
Fracking Puts Pressure on OPEC’s Bottom Tier
Regarding Walter Russell Mead’s “ Fracking Our Way to Mideast Peace ” (op-ed, Dec. 12): While the general sentiment is correct that American energy independence frees American foreign policy, it Continue Reading
Wall Street Returns To U.S. Shale With A Bang
Investors have grown wary of U.S. shale after years of disappointing returns, and they have pressed shale companies to rein in reckless drilling practices . But with money still pouring Continue Reading
Drilling Productivity Report
New-well oil production per rig barrels/day New-well gas production per rig thousand cubic feet/day Region December 2017 January 2018 change December 2017 January 2018 change Anadarko 382 387 5 2,573 Continue Reading
U.S. Shale Looks Beyond The Sweet Spots
Although the start to 2017 saw wavering optimism from U.S. oil and gas, healthier corporate balance sheets, improved well economics, and capital continuing to flow into the sector, are setting Continue Reading
North Dakota oil output jumped more than 78,000 b/d in October: state
North Dakota oil production averaged nearly 1.19 million b/d in October, up more than 78,000 b/d from September and the highest average output since August 2015, bolstered by the OPEC Continue Reading
Fracking drives US oil exports to record high
The world’s largest oil consumer exported more hydrocarbons than ever before in 2017 and shows no signs of slowing down. You name it – crude oil, gasoline, diesel, propane and Continue Reading
US shale groups step up bond sales to finance drilling
US exploration and production companies have raised more from bond sales in 2017 than in any year since the slump in oil prices began in 2014, shoring up their finances Continue Reading
Drillers Flock to Rockies as Sleepiest Shale Corner Awakens
It’s not exactly the Pike’s Peak gold rush of 160 years but with crude prices on the rise, explorers are returning to the oil-rich rock of Colorado. (Bloomberg) — It’s Continue Reading
OPEC Wakes Up to the Threat of U.S. Shale 2.0
Stronger U.S. output is blunting OPEC’s effort to clear glut Once expected in third quarter ’18, rebalancing now seen later OPEC predicted that global oil markets won’t rebalance until late Continue Reading