Category: Shale Oil

The U.S. Federal Reserve has already increased interest rates several times, most recently in June, with promises to do much more. Rate hikes pose a problem for the oil industry, Continue Reading

The oil price crash that started in 2014 has affected not only corporate profits and drilling plans. It has had a huge economic impact on the areas around the U.S. Continue Reading

A pumping station owned by Tallgrass Energy is pictured in Guernsey, Wyoming, U.S. on January 17, 2017. Picture taken on January 17, 2017. REUTERS/David Gaffen A gallon of gasoline that Continue Reading

In today’s U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the Continue Reading

The Permian has enjoyed a rush of capital since oil prices began to recover from a low of $26.21 in February of last year. The play is home to some Continue Reading

A service truck drives past an oil well on the Fort Berthold Indian Reservation in North Dakota, November 1, 2014. Crude oil’s bear market is highlighting the haves and have Continue Reading

Last year’s OPEC deal to cut production managed to lift oil prices and stabilize them around US$50 for most of the first quarter this year. The higher price of oil Continue Reading

Supersized new oil wells are sometimes running into existing wells, a little-noticed consequence of the shale boom that has started to trigger complaints and lawsuits. The emerging problem is known Continue Reading

Here’s a breakdown of some of the “critters” you can find on a drilling rig. Drilling rigs are sophisticated machines – so sophisticated that some of them can even “walk.” Continue Reading

Oklahoma is the state that springs to mind whenever earthquakes and oil are mentioned in the same sentence, but a fresh report from the Academy of Medicine, Engineering and Science Continue Reading