Is The Permian Starting To Get Crowded?
The first quarter of the year saw record-high oil and gas M&A activity in the U.S., with the value of deals topping US$73 billion – a whopping 160-percent annual increase Continue Reading
Permian Basin and Texas Update- April 2017
Chart 1 – A Model using data from Enno Peter’s shaleprofile.com. The chart above (chart 1) needs some explanation. It is based on the Permian LTO model found by using Continue Reading
Fast-rising U.S. shale oil output puts OPEC cut at risk: Rystad
Shale oil output in the United States is rising much faster than expected and gaining market share globally, increasing the risk of a “volume war” with OPEC and weaker oil Continue Reading
Texas oil production in February increased slightly from last year
Preliminary data from Texas show total crude oil production for February was slightly more than figures from the same time last year, a regulator reported. The Railroad Commission of Texas, Continue Reading
Shale revolution casts shadow over longer-dated US oil futures
While the US is breaking population records, states such as Illinois and West Virginia have lost people in recent years. Something similar is happening in the US crude oil futures Continue Reading
Permian Basin oil production and resource assessments continue to increase
Drilling Productivity Report Crude oil production in the Permian Basin is expected to increase to an estimated 2.4 million barrels per day (b/d) in May, based on estimates from EIA’s Continue Reading
US E&Ps Can Turn A Profit On $50 to $60 Oil, Barclays Finds
Declining development costs and capital efficiency improvements position US E&P companies to earn solid returns at $50 to $60 per barrel oil prices, says Barclays’ report. Sharp declines in development Continue Reading
Fast-rising U.S. shale oil output puts OPEC cut at risk: Rystad
Shale oil output in the United States is rising much faster than expected and gaining market share globally, increasing the risk of a “volume war” with OPEC and weaker oil Continue Reading
First US Bakken crude set to arrive in Asia mid-May:
The first cargo of US Bakken crude is heading to Asia, adding to the widening list of western crude moving eastward amid the narrowing spread between low sulfur crude in Continue Reading
Halliburton Helped by Drilling Boost in U.S.
Stepped-up drilling for oil in the U.S. may have global producers on edge about oversupply, but the increased activity in the domestic energy sector is a boon for oil-field services Continue Reading