Is The EIA Overestimating The U.S. Shale Boom?
The American shale boom may be overstated by the U.S. Energy Department, according to a new MIT study that suggests the agency may be over-attributing a rise in shale drilling Continue Reading
Big Shale Turns OPEC Ally From Foe With Focus on Oil Returns
Don’t expect Big Shale to rush and fill the hole left by OPEC in the oil market. (Bloomberg) — Don’t expect Big Shale to rush and fill the hole left Continue Reading
After 2.5 Billion Barrels, Eagle Ford Has More Oil Coming
Mark Twain would appreciate irony in the Eagle Ford Shale, where rumors of the play’s impending exhaustion are greatly exaggerated. The Eagle Ford has produced 2.5 billion barrels (Bbbl) of Continue Reading
Don’t Count On A Utah Shale Boom
On Monday, President Trump announced his plan to shrink Bears Ears National Monument by 85 percent, while also cutting Grand Staircase-Escalante National Monument by half, a move that could open Continue Reading
US tight oil: Too light, too sweet
International buyers’ appetite may start to wane in 2018 US light tight oil output is transforming world oil markets. After falling during the 2015 oil price crash, total American production Continue Reading
OPEC extension a win-win, even for U.S. shale oil producers
A move by parties to an OPEC-led agreement to extend a production cut deal to the end of 2018 is a win-win, including for U.S. shale oil players, analysts said. Continue Reading
U.S. Vastly Overstates Oil Output Forecasts, MIT Study Suggests
Estimates from EIA exaggerate impact of fracking technology New well output could undershoot EIA forecasts by 10% in 2020 Turns out, America’s decade-long shale boom might just end up being Continue Reading
Oil Rig Count Rises After OPEC Deal Extension
A day after OPEC extended the already-extended production cut deal to end-2018, oil and gas rigs in the US climbed by 6 . The boost to the number of oil Continue Reading
How Big Oil Is Transforming Shale
Shale drillers have successfully lowered their breakeven price over the past several years, but the industry is looking for more ways to cut costs. The oil majors are investing in Continue Reading
U.S. Shale To Surge After OPEC Extension
Just as expected: OPEC and the group of non-OPEC countries led by Russia extended their production cuts for an additional nine months through the end of 2018. “It’s been a Continue Reading