Expect A New Shale Boom This Spring
U.S. shale has now rebounded to a solid financial equilibrium that it makes sense for companies to begin investing in drilling again. The International Energy Agency (IEA) expects U.S. shale Continue Reading
No Stopping Texas Shale Boom as Permian Fever Spreads to Pipes
The Permian Basin land rush is spreading to oil and gas pipelines. Plains All American Pipeline LP said it will expand its crude oil gathering system in America’s hottest shale Continue Reading
BHP Lifts Shale Spending as Oil Gains Lure Drillers to Add Rigs
BHP Billiton Ltd. , the largest overseas investor in U.S. shale, boosted spending on its onshore oil and gas division as rising prices lure drillers to add rigs and spur Continue Reading
Shale revival looms over oil prices and spreads
Saudi Arabia’s energy minister has predicted production cuts by OPEC and non-OPEC countries will reduce global oil inventories by 300 million barrels by the middle of 2017. Six months of Continue Reading
Halliburton Leaves Investors Wanting More in U.S. Shale Recovery
Halliburton Co.’s return to profitability in North America wasn’t enough to satisfy investors hungry for faster growth in its biggest market. The world’s top provider of fracking services failed to Continue Reading
Saudi Oil Minister Shrugs At U.S. Shale Recovery
When OPEC decided not to cap output in 2014, flooding the market with oil, it was trying to drive higher-cost producers – most notably U.S. shale – out of profitability Continue Reading
Has OPEC Seriously Underestimated U.S. Shale Dynamics?
Oil was flat this week as rising U.S. shale production and a bearish inventory report continued to put pressure on WTI and Brent. Crude oil inventories rose by another 2.4 Continue Reading
‘Permania’ grips the US shale oil industry
They call it “Permania”. The Permian Basin of western Texas and eastern New Mexico has become the hottest region in the US shale oil industry, for drilling, for production and Continue Reading
U.S. Shale To Put A Firm Cap On Oil Prices
The latest Drilling Productivity Report released by the Energy Information Administration has shown that crude oil output in the shale patch will continue rising next month, with the Permian accounting Continue Reading
Shale Rebound Will Cramp OPEC’s Style
The Energy Department gave oil bulls a sobering reminder Tuesday: Shale oil production is rising strongly, particularly from the Permian Basin in western Texas and New Mexico. Putting an exclamation Continue Reading