U.S. shale oil output to rise in March by 80,000 bpd: EIA
U.S. shale oil production for March is expected to rise by the most in five months, government data showed on Monday, as energy companies boost drilling on the back of Continue Reading
More drilling permits issued in Texas
The number of new drilling permits issued in Texas last month was more than 80 percent higher than the previous year, state data show. Texas is the No. 1 oil Continue Reading
Passing On The Permian: Has The Bubble Grown Too Big?
Has the Permian Basin become too hot? More companies and enormous sums of capital continue to flood into West Texas to take advantage of the most prolific shale basin in Continue Reading
At $60,000 an Acre, the Permian Basin May Be Too Ritzy
Record prices for drilling rights in the Permian Basin, the most fertile U.S. shale field, are prompting oil companies and private equity investors to look elsewhere for the next big Continue Reading
US, Canada Producers Continue to Dominate Shale Production
Despite having just one-fifth of the world’s shale resources, advantages in the US and Canada mean the countries will continue to monopolize the market, according to a new Raymond James Continue Reading
Wall Street Pouring Money Back Into Oil And Gas
Despite the near record increase in U.S. oil inventories last week – an increase of 13.8 million barrels – oil prices traded up on February 8 and 9 as traders Continue Reading
Wall Street’s Love Affair With Energy Heats Up as Rigs Soar
Wall Street is throwing the most money at U.S. energy companies since at least 2000 amid growing confidence that the industry is emerging from the worst downturn in a generation. Continue Reading
Permian Drilling Costs Surge: Are The Days Of Cheap Oilfield Services Over?
It was only a matter of time before drilling, fracking, and oilfield service providers for the oil and gas industry started raising their prices to reflect the improving prospects for Continue Reading
Expensive Middle East Crude Could Lose Market Share To U.S. Shale
OPEC’s production cuts have put a floor under oil prices, at least for now. The resulting reduced supplies have also boosted the price of Middle East crude grades, and increased Continue Reading
Offshore Drillers Still Seeking Recovery Enjoyed by Shale
While oil drillers in US shale basins are starting to see business come back, their offshore brethren will have to wait for prices to surge well above $60 a barrel. Continue Reading