Shale Drillers To Lose At Sub-$50 Oil
Shale oil and gas producers need WTI prices at least US$50 oil to be able to see significant returns, analysts from Moody’s said in a research note today. For natural Continue Reading
Investors Push U.S. Shale Firms to Separate Executive Pay from Drilling
Activist investors are taking aim at U.S. shale producers, pushing them to stop rewarding executives for spending billions of dollars on new wells when crude prices are depressed. HOUSTON, Sept Continue Reading
U.S. shale hinders hopes for oil market rebalancing: Reuters poll
Oil prices are unlikely to rise much beyond this month’s two-year highs this year, as concern among analysts persists that growing U.S. shale output will hamper the rebalancing between global Continue Reading
$60 Oil Could Revive The Eagle Ford
The world’s hottest shale play right now, the Permian, is boosting its oil production and contributing the most to the U.S. crude output growth. Meanwhile, Texas’ other shale play, the Continue Reading
Regulator: Duvernay Field Holds Canada’s Biggest Shale Oil Resources
The Duvernay field in Canada’s western province of Alberta holds the country’s largest marketable resources of unconventional light shale oil and condensate, according to a new report from the national Continue Reading
Erase fracking regulations, industry tells Trump
With a court dismissing a challenge to federal rules on hydraulic fracturing, producers said it was time for President Trump to erase the law altogether. “The industry recognizes that every Continue Reading
US oil producers lock in prices after crude’s rally
North American oil producers have pounced on the recent rise in crude prices to lock in sales at current levels, something that could safeguard prospective shale output in the face Continue Reading
Chesapeake sees 15 percent drop in third-quarter output as Harvey hurts
Chesapeake Energy Corp said on Tuesday it expects a 15 percent drop in third-quarter production, partly blaming Hurricane Harvey, which forced the company to stop work in the Eagle Ford Continue Reading
Permian ‘Super Basin’ Holds Up to $3.3 Trillion in Untapped Oil
The Permian Basin of Texas and New Mexico holds 60 billion to 70 billion barrels of yet-to-be pumped crude oil, according to a study by IHS Markit Ltd. The Permian Continue Reading
Permian Still Holds 60-70 Billion Barrels Of Recoverable Oil
The lucrative Permian Basin still holds between 60 and 70 billion barrels of unharvested oil, IHS Markit Ltd said this week. The recoverable resources in the basin shared by Texas Continue Reading