Permian Oil Reserves Are Grossly Exaggerated
We are entering a new age of American energy dominance according to Energy Secretary Rick Perry . President Trump reflected that view in comments he made last week that “…we’ve Continue Reading
U.S. uncompleted well backlog hangs over oil market: Kemp
U.S. oil and gas exploration and production companies are drilling new wells faster than they can be fractured and hooked up to gathering systems, creating a growing backlog of drilled Continue Reading
U.S. Shale Output Just Reached A New Record
One month ago, we reported that based on recent data , June oil output from shale producers would post the first double-digit production growth since July of 2015, when oil Continue Reading
Are More Bankruptcies On The Way For U.S. Oil?
Something that’s been whispered about in the last few months is now being talked about loudly: U.S. oil drillers’ debts. There have been a few notable warnings that shale boomers Continue Reading
From $2 Billion to Zero: A Private-Equity Fund Goes Bust in the Oil Patch
A $2 billion private-equity fund that borrowed heavily to buy oil and gas wells before energy prices plunged is now worth essentially nothing, an unusual debacle that is wiping out Continue Reading
U.S. drilling costs start to rise as rig count climbs: Kemp
U.S. oil and gas exploration and production companies are paying more to hire drilling rigs as the number of rigs still idle after the slump declines. Drilling costs were up Continue Reading
API Reports 62% Jump In Oil, Gas Drilling In Q2
The American Petroleum Institute reported a 62-percent annual increase in oil and gas drilling in the second quarter of 2017 in the United States. For oil, well completions shot up Continue Reading
Is Wall Street Funding A Shale Failure?
The latest figures from the EIA show that despite some hiccups, the shale rebound is still on track. Last week, the sharp drawdown in inventories made headlines, but buried within Continue Reading
Shale Investment Booms, But Global Oil Has A Big Problem
The IEA’s World Energy Investment 2017 report predicts a slight increase in oil and gas investment this year, rising by 3 percent. That comes after a plunge of 44 percent Continue Reading
World’s Biggest Oil Traders Zero In On Shale Hot Spots
U.S. shale oil is in the spotlight once again, this time not as a deterrent to a price improvement, but as the future of the global oil industry. It’s just Continue Reading