Is This The New Sweet Spot For Shale?
Over the last year, ‘permania’ has become so frenzied that the land rush drove exploration rights prices in West Texas sky high—and along with it, equipment and labor costs. So, Continue Reading
Can Argentina Replicate The U.S. Shale Boom?
Argentina has consistently been hyped as the location where the next shale revolution will unfold. The unfolding has taken some time, but progress in shale production is starting to take Continue Reading
Conoco sets $50-a-barrel oil price ceiling for new projects
ConocoPhillips, the largest US exploration and production company, has ruled out investing in projects that need an oil price of $50 or higher to make a profit, as it attempts Continue Reading
U.S. oil drilling rig count holds steady this week: Baker Hughes
U.S. energy companies kept the oil rig count unchanged this week, General Electric Co’s Baker Hughes energy services firm said on Friday, as some analysts expect a gradual decline in Continue Reading
Texas jobs, shale production increasing
Shale oil production in Texas has increased steadily for more than a year and gains have spilled over into the broader economy, a federal reserve bank said. The Federal Reserve Continue Reading
Markets Shrug On Flat Oil Rig Count
The number of oil and gas rigs in the United States rose again this week, this time by 8, according to Baker Hughes, ending a short-lived downward trend in weeks Continue Reading
Higher Oil Prices Reduce North American Oil Bankruptcies
Haynes and Boone. This year, only 20 companies on the continent have declared bankruptcy—there were three times more than that last year. So far, the oil price crash of 2014 Continue Reading
The IEA Is Grossly Overestimating Shale Growth
This week, the IEA said that U.S. shale would dominate the oil and gas markets over the next decade, rising to “a level 50 percent higher than any other country Continue Reading
The Undisputed Leader Of Tomorrow’s Oil & Gas Markets
The United States will become the undisputed leader of global oil and gas production in the longer term, Fatih Birol, the Executive Director of the International Energy Agency (IEA), said Continue Reading
Oil Tycoon Hamm Slams EIA’s Overoptimistic Shale Forecasts
As a powerful oil market mover, the EIA needs to have “more sophisticated” forecasts about U.S. shale production, because overly optimistic expectations depress oil prices and disadvantages the U.S. market, Continue Reading