Daniel Yergin on U.S. Oil’s Global Impact
Daniel Yergin says the boom in shale in concentrated areas like the Permian Basin, Texas and New Mexico is changing the global energy position of the U.S. “You go to Continue Reading
Funds pull back from Permian as U.S. shale oil firms go into overdrive
Cash, people and equipment are pouring into the prolific Permian shale basin in Texas as business booms in the largest U.S. oilfield. But one group of investors is heading the Continue Reading
Big Oil Firms Are Exploring a New Frontier in Shale: Profits
For Bruce Niemeyer, the Chevron Corp. executive overseeing the company’s $15 billion expansion here, one question looms above all: Will we make money? Big oil companies including Chevron, Exxon Mobil Continue Reading
How A $200,000 Well Could Drastically Change The Oil Industry
Technological upheavals in the oil sector will make it possible for mini-producers to market crude profitably, creating new competition for bloated fossil fuel companies accustomed to benefitting from their largesse. Continue Reading
Shale Drillers Digging Themselves a Hole as Oil Breaches $45
U.S. shale is coming perilously close to puncturing its own rally. Just months after predicting double-digit production increases, largely based on crude prices sitting between $55 and $60 a barrel, Continue Reading
Shale Efficiency Has Peaked… For Now
Learning takes time and effort. But a good education pays off. North America’s oil industry has been in school for the past three years, studying how to become more productive Continue Reading
Hedging Rush In U.S. Shale Could Send Prices Tanking
The U.S. shale industry could add yet another dose of new supply in July, with the EIA projecting production growth of about 127,000 barrels per day month-on-month. The fact that Continue Reading
North Dakota oil output up 25,000 b/d in April, gas sets record
North Dakota oil production averaged over 1.05 million b/d in April, up nearly 25,000 b/d from March, the state Department of Mineral Resources said Tuesday. Oil production in April was Continue Reading
Shale Output Set To Hit All Time High Next Month
While the June oil production data is still pending, it is safe to say that the June oil output from U.S. shale producers – estimated today by the EIA at Continue Reading
U.S. shale firms more exposed to falling oil prices as hedges expire
Cash-strapped U.S. shale firms scaled back their hedging programs in the first quarter, leaving them more vulnerable to tumbling spot market prices just after OPEC reached a landmark deal to Continue Reading