Bakken Oil Production Up Over 70,000 BPD
North Dakota just released their production numbers for the Bakken as well as for all North Dakota The numbers are shocking. The Bakken is up 70,798 bpd to 991,722 bpd Continue Reading
BLOG: Post-bankruptcy E&Ps – Ravenous Zombies May Cost Crude Price Rally
Formerly overleveraged oil and gas companies that now boast clean post-bankruptcy balance sheets may slow commodity price rebound. The thing about zombies in popular culture is that they’re never completely Continue Reading
Goldman Sachs Warns The Saudis: ‘’U.S. Shale Will Respond’’
Even if OPEC and non-OPEC producers deliver the promised cuts and oil spikes to US$60, a recovering U.S. shale production would drag crude prices back to US$55, and the Saudis Continue Reading
Oil recovery may be emerging in North Dakota
If state records are accurate when measured against industry data, the rig count in North Dakota gained significant ground after a weekend OPEC agreement. North Dakota, the No. 2 oil Continue Reading
As U.S. Shale Seeps Into Top Oil Market, Saudis Hone Defense
As Saudi Arabia goes on a shock and awe attack to curb a global oil glut, it’s also playing defense to hold on to its most prized customers. The kingdom Continue Reading
U.S. Sees Higher Shale Output First Time in Six Months on OPEC
Crude output at major U.S. shale plays is poised to climb for the first time in six months, as oil prices rise on planned cuts by OPEC and other producers. Continue Reading
U.S. Shale Patch Dominates Top 10 Oil Investment Ranking
Oklahoma and Texas are the best destinations for oil and gas investment, with the two states occupying the number 1 and number 2 spots respectively in the latest ranking by Continue Reading
Goldman Says Saudis Wrong to Rule Out U.S. Shale Oil Rebound
Saudi Arabia is wrong to think that U.S. shale production won’t respond to higher oil prices in 2017, according to Goldman Sachs Group Inc. While crude may rise to over Continue Reading
2016 Shale Gas Reality Check
In 2014, Earth Scientist David Hughes took a hard look at the EIA ’s existing Annual Energy Outlook shale gas and tight oil forecasts and conducted his own play-by-play, in-depth Continue Reading
EIA’s Lack Of Math And Logic Skills Makes For An Interesting Investment Environment
EIA recently released the 2016 Annual Energy Outlook. I look at EIA’s past projections and compare with reality. What does this mean for an Energy Investor? Every year EIA releases Continue Reading