US shale oil reaching 10 million barrels per day is fiction
Any financial advisor worth their salt will caution you that past performance is not a guarantee of the same in the future. And so it is with US shale oil. Continue Reading
Permian could top out in 2021
The world’s hottest oil field could run out of steam in just a few years if shale drillers can’t overcome the natural constraints of the region’s geology, a new study Continue Reading
Shale Billionaire Hamm Slams ‘Exaggerated’ U.S. Oil Projections
‘Just flat wrong,’ and unfairly limiting oil prices, he says Cites new driller discipline seeking return on investments Billionaire oilman Harold Hamm says the government was way too optimistic with Continue Reading
Harvey makes landfall in Texas, but drilling returns remain strong
Despite devastating weather that sent energy market participants into a frenzy, the average of the 12-month forward curve for WTI remained flat month on month at $50.43/b. However, internal rates Continue Reading
Drilling Productivity Report
New-well oil production per rig barrels/day New-well gas production per rig thousand cubic feet/day Region September 2017 October 2017 change September 2017 October 2017 change Anadarko 372 376 4 2,512 Continue Reading
U.S. shale output set to rise for 10th consecutive month: EIA
U.S. shale production is set to rise for the 10th month in a row in October, the U.S. government said on Monday, spurred by U.S. oil prices rising above the Continue Reading
Reserves vs Valuations: Exxon’s Permian Predicament
The world’s largest listed oil firm, ExxonMobil, has been lagging behind other supermajors in reserve replacement ratio—a key metric in the industry that shows the amount of proved reserves a Continue Reading
Sub-$50 Oil Could Kill Shale
Oil prices are at their highest levels in months on the back of strong demand and some key supply outages around the world. But the next price movements are unclear, Continue Reading
U.S. Oil Rig Count Continues To Collapse
The total oil and gas rig count in the United States now stands at 936 rigs, up 430 rigs from the year prior, with the number of oil rigs in Continue Reading
Eagle Ford Shale’s big operators getting output back to pre-Harvey levels
Three weeks after Hurricane Harvey slammed into the lower Texas coast and caused widespread production shut-ins, although little actual damage, in the Eagle Ford Shale play, several big upstream operators Continue Reading