U.S. to account for most world oil output growth over 10 years: IEA
The United States is expected to account for more than 80 percent of global oil production growth in the next 10 years and it will produce 30 percent more gas Continue Reading
Shale-rich Oklahoma facing uphill budget battle
Oklahoma Gov. Mary Fallin said she’d rather vote again on a previous plan to close a budget gap over what passed out of the state House for the shale-rich state. Continue Reading
Financial Carnage Continues To Gut Industry
As the Mainstream media reports about the next phase of the glorious U.S. Shale Oil Revolution, the financial carnage continues to gut the industry deep down inside the entrails of Continue Reading
U.S. to Dominate Oil Markets After Biggest Boom in World History
U.S. expansion to beat Saudi oil growth, Soviet Union’s gas Lower crude prices will help buoy global demand, agency says The U.S. will be a dominant force in global oil Continue Reading
Buying Texas Oil at New Mexico Prices: Majors Go West for Shale
Oil producers discouraged by the rising cost of accessing the vast deposits of the Permian Basin are sneaking into a geological back door, through neighboring New Mexico. Oil producers discouraged Continue Reading
IEA’s Shocking Revelation About U.S. Shale
The oil market is exhibiting signs of having reached a “new normal,” according to the IEA, with the floor for oil prices jumping from $50 to $60 per barrel. But Continue Reading
US crude output set to rocket, says IEA
Growth in US oil output until 2025 will be the strongest seen by any country in the history of crude markets, making it the “undisputed” leader among global producers, the Continue Reading
Don’t Back U.S. Shale To Keep Oil Prices Down
WTI is back in the upper-$50s per barrel, and OPEC is on the verge of extending its production limits well into next year. The fear for OPEC, and other oil Continue Reading
Shale Production Rises By 80,000 BPD In Latest EIA Forecasts
Shale production at American oil production sites will increase by 80,000 barrels per day next month, according to estimates from the Energy Information Administration. So far, every month in 2017 Continue Reading
Is Peak Permian Only 3 Years Away?
The world’s hottest shale basin, the Permian, is leading the second U.S. wave of tight oil production growth and will continue to do so for years to come, all analysts Continue Reading