The Cheap Resource That Worries Oil Shale Drillers
Most Silicon Valley companies would kill for the sorts of gains made by sellers of plain old silicon. Even after a recent selloff, leading producers of sand used by oil Continue Reading
The Future of US Light Tight Oil (LTO)
The future output from the light tight oil (LTO) sector of the US oil industry is the subject of much speculation. Above I present some possible future output scenarios based Continue Reading
U.S. shale producers renew their challenge to OPEC: Kemp
U.S. crude oil production appears to be rising strongly thanks to increased shale drilling as well as rising offshore output from the Gulf of Mexico. Production averaged almost 9 million Continue Reading
A Fit U.S. Shale Industry Challenges OPEC Once Again
When the who’s who of the oil industry met a year ago in Houston, Saudi Arabia ’s energy minister had harsh words for U.S. shale drillers struggling with the worst Continue Reading
Exxon Betting Big On U.S. Shale
ExxonMobil’s new CEO Darren Woods announced a dramatic shift towards shale drilling this week, a new strategy that will prioritize drilling thousands of smaller wells while reducing spending on the Continue Reading
Why Investors Should Beware Of The Bakken
It’s the beginning of the end for the Bakken Shale play. The decline in Bakken oil production that started in January 2015 is probably not reversible. New well performance has Continue Reading
Exxon Mobil Turns to U.S. Shale Basins for Growth
Exxon Mobil Corp. on Wednesday outlined an ambitious plan to turn to prolific U.S. shale basins for growth, showcasing how the oil giant now sees American production as a key Continue Reading
Exxon’s New CEO Shifts Investments to Quick-Earning Shale Oil
Exxon Mobil Corp. is trading in long-term projects that pump oil over decades for U.S. shale drilling that can be switched on or off as crude prices change. Long a Continue Reading
Exxon Mobil Turns to U.S. Shale Basins for Growth
Exxon Mobil Corp. on Wednesday outlined an ambitious plan to turn to prolific U.S. shale basins for growth, showcasing how the oil giant now sees American production as a key Continue Reading
U.S. Shale Surge Threatens OPEC Strategy
Could U.S. Oil Production Derail OPEC Deal? OPEC’s Nov. 30 output agreement to cut production by 1.2 million barrels a day may have put a floor under the oil price, Continue Reading