Has Permian Productivity Peaked?
The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year, Continue Reading
Has Permian Productivity Peaked?
The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year, Continue Reading
Does The Permian’s Sweet Spot Hold 8 Times More Oil Than Predicted?
What with all the rig additions, land deals, and low breakeven costs, the Permian basin has been the subject of much love from the oil industry as of late, and Continue Reading
OPEC ponders how to co-exist with U.S. shale oil
First, they ignored each other. Then, they went into a bruising fight. Finally, they are talking, albeit with opposing agendas. The history of the relationship between OPEC and the U.S. Continue Reading
U.S. drillers add oil rigs for 17th week in a row: Baker Hughes
U.S. energy firms added oil rigs for a 17th week in a row, extending a 12-month drilling recovery that is expected to help boost crude production in the United States Continue Reading
US oil rig count up 9 to 712 in week ended Friday: Baker Hughes
The US oil rig count rose by 9 to 712 in the week ending Friday, up from 318 a year ago, Baker Hughes said in its weekly report. The US Continue Reading
In Fight Against U.S. Shale Oil, OPEC Risks Lower for Longer
Saudi Arabia signals curbs will be rolled into next year Oil market attention shifts to potential oversupply in 2018 When Khalid Al-Falih arrived at Davos in late January, the Saudi Continue Reading
U.S. Shale Spending Dwarfs Competition: Grows 10 Times Faster
While OPEC has just two weeks left until the May 25th meeting to decide on an extension of its production cuts, U.S. shale is back to drilling and planning capital Continue Reading
Higher U.S. crude output should pressure oil prices: EIA
A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. Higher crude output from the United States should pressure global oil prices through the end of 2018, Continue Reading
Shale Drillers Are Outspending the World With $84 Billion Spree
North American independents to lift outlays 51 percent in ’17 Wave of new crude supplies to hit world markets by end of year U.S. shale explorers are boosting drilling budgets Continue Reading