U.S. Shale Slashes Capex As Low Oil Prices Bite
Seven months into the OPEC production cut deal, oil prices are not higher than they were at the end of last year, as the stubborn global inventory overhang and rising Continue Reading
U.S. Shale Has Set An Example For Oil Majors
It took the oil supermajors quite a while to come to terms with the new oil price realities. The blow from the 2014 price crash was so severe and apparently Continue Reading
Drilling set to begin in British shale
With its drilling rig on site, a British shale gas explorer said it expects to address offshore production declines with onshore operations by year’s end. Cuadrilla Resources said the drilling Continue Reading
U.S. oilfield service firms eye pricing gains despite rangebound crude
Oilfield service companies do not expect their businesses will get a major activity boost from oil prices in the second half of this year, but demand is robust enough that Continue Reading
Has fracking reached peak sand?
Texas oil is booming, and so are the sand mines needed for fracking the wells. But hydraulic fracturing leader Halliburton is warning that its surging sand use is finally topping Continue Reading
New Regulations May Come As A Rude Awakening For Oil Companies
An agency little-known outside accounting circles recently issued draft rules to change the standards which govern the verification of the year-end oil and gas reserves of public companies. The change Continue Reading
Anadarko Blinks First In The Shale Standoff
As a reminder, in his latest letter to investors , Clark said that “the rising decline rates of major US shale basins, and the increasing incidents of frac hits (also Continue Reading
While Oil Patch Bleeds, Gas Drillers Race to Unleash Wells
Backlog of unused wells in Northeast plunges and output soars Price gains, new pipes have gas drillers letting wells loose Oil prices have been lousy for so long that U.S. Continue Reading
Shortage Of Fracking Crews Slows The Shale Boom
The resurgence in shale drilling and production could be bumping up against some limits, with output expected to fall far short of market expectations for this year and next, according Continue Reading
Devon reports record rate for STACK well
Devon Energy Corp., Oklahoma City, reported a production rate of 6,000 boe/d from a well drilled in southwest Kingfisher County, Okla. The company said it’s a record rate for initial Continue Reading