Shale Drillers Promise No 2017 Binges as Oil Hangover Eases
Shale oil companies are ready to play chicken with supply and demand again. Roiled by a year that began with crude at a 12-year low and ended with a surprise Continue Reading
Shale Specter Haunts OPEC as Oil Seen Rallying Into 2017
After pulling off the biggest oil-market deal in a decade, OPEC faces a new balancing act in 2017: boosting prices without igniting shale. The first shale boom spurred a global Continue Reading
Can U.S. Shale Add 1 Million Bpd In 2017?
Oil prices are up on expectations that OPEC will contribute to a faster balancing in 2017, with up to 1.8 million barrels per day in cuts along with some non-OPEC Continue Reading
Key Metric Likely Won’t Reflect Oil Rally
Drilling and completion costs… The recent run-up in crude oil prices may offer a brighter outlook for energy companies, but a key accounting metric is likely to show the sector Continue Reading
Drillers Extend Revival as Oil Trades Near 17-Month High
Oil explorers added rigs for the eighth straight week, extending a ramp-up of activity in the U.S. shale patch as prices hover near $53 a barrel. Rigs targeting crude in Continue Reading
U.S. drillers add oil rigs for eighth week in a row: Baker Hughes
U.S. energy companies added oil rigs for an eighth week in a row, extending a seven-month drilling recovery as crude prices remained near a 17-month high. Drillers added 13 oil Continue Reading
U.S. Oil-Rig Count Rose by 13 in Latest Week
The number of rigs drilling for oil in the U.S. rose by 13 in the past week to 523, according to oil-field services company Baker Hughes Inc. The U.S. oil-rig Continue Reading
Oilfield Services To See Spending Surge In 2017
2017 Oilfield Service and Drilling Outlook from Bloomberg Intelligence Bloomberg Intelligence (BI) analysts Andrew Cosgrove and William Foiles presented a briefing on Wednesday on the outlook for U.S. oil services Continue Reading
Bonanza Creek, Other U.S. Energy Firms Announce Chapter 11 Plans
Oil and gas producer Bonanza Creek Energy said it would file for bankruptcy on or before Jan. 5, joining a long list of energy companies that have succumbed to a Continue Reading
U.S. Shale Is Now Cash Flow Neutral
Oil prices are probably already high enough to spark a rebound in shale production. The IEA says that in the third quarter of 2016, the U.S. shale industry became cash Continue Reading