Category: Shale Oil

Fracking for oil and gas in California is about to get a lot more difficult. Last week, California Governor Gavin Newsom sacked the state’s top oil regulator after the Desert Continue Reading

The oil majors and shale E&Ps will soon begin publishing second quarter results, which will round out a picture of how the industry fared in the first half of 2019. Continue Reading

While U.S. shale production is booming and the Permian continues to set new production records , the pace of growth is slowing as many companies have recently scaled back production Continue Reading

If the rapid decline rate or the massive debt doesn’t destroy the U.S. Shale Industry, the finance costs most certainly will. The amount of interest expense the shale companies have Continue Reading

The US oil and gas rig count fell by 5 this week, according to Baker Hughes, after losing rigs last week as well. The total number of active oil rigs Continue Reading

urging U.S. oil output will outpace sluggish global demand and lead to a large stocks build around the world in the next nine months, the International Energy Agency (IEA) said Continue Reading

U.S. energy firms this week reduced the number of oil rigs operating for a second week in a row as drillers follow through on plans to cut spending this year. Continue Reading

Producers in the nation’s oil-rich shale basins are dialing back growth plans in the face of a growing panoply of problems that’s killing returns, and keeping skeptical investors away.  The constraints Continue Reading

The U.S. dropped a net total of five rigs this week, according to Baker Hughes, a GE Company. The U.S. dropped a net total of five rigs this week, according Continue Reading

The promise of the Permian is shrinking. Producers in the nation’s oil-rich shale basins are dialing back growth plans in the face of a growing panoply of problems that’s killing Continue Reading

 Rig pattern still zigzags but becoming more settled US land rig visibility ‘murky’ before Q2 earnings start Permian falls six to 440 in biggest basin decline Houston — The US Continue Reading

Despite the ongoing rush to build oil pipelines to carry crude from the Permian to the Gulf Coast and an overbuild in the short-term, the fastest-growing U.S. shale play will Continue Reading

This interactive presentation contains the latest oil & gas production data from all 22,637 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through March Continue Reading

Wood Mackenzie projects up to 500,000 bpd of new crude oil takeaway capacity from the Permian Basin to the U.S. Gulf Coast. Thanks to growing production from the Permian Basin, Continue Reading

Goldman Sachs said growth in U.S. shale production is likely to outpace that of global demand at least through 2020 and limit gains in oil prices despite output curbs led Continue Reading

U.S. oil production continues to grow, but the shale industry is in the midst of deceleration as low oil prices and a financial squeeze slow the pace of drilling. The Continue Reading

As the nation celebrated its independence, a new report from Texans For Natural Gas details how the Lone Star State and the Permian Basin have led to a national independence Continue Reading

These interactive presentations contain the latest oil & gas production data from all 21,384 horizontal wells in the Permian (Texas & New Mexico) that started producing since 2008/2009, through March Continue Reading

The US oil and gas rig count fell by 4 this week, according to Baker Hughes, which reported before Independence Day this week. The total number of active oil rigs Continue Reading

Oil prices are set to post a loss for the week despite being bolstered by the OPEC+ deal and the forthcoming restart of trade talks between Washington and Beijing. It Continue Reading

Two years ago, Encana Corp. unveiled a supersize fracking operation that many said would represent the future of the U.S. drilling boom. To reduce costs and avoid production problems that Continue Reading

Recently, the former CEO of the largest shale gas producer in the United States told a roomful of conference goers what any competent financial analysis would have revealed many years Continue Reading

While the value of mergers and acquisitions in the oil and gas sector in Q2 was greater than in Q1, they are still unremarkable, considering that almost 90% of the Continue Reading

Drillinginfo analysis finds that U.S. M&A deal value rebounded to $65 billion in the second quarter, driven largely by the Oxy-Anadarko deal. Coming off a 10-year low in the first Continue Reading

U.S. oil production rose by another 246,000 bpd in April, compared to a month earlier, according to the EIA . But the industry outlook continues to darken. Those production gains Continue Reading

Second-quarter 2019 was a cautious quarter for US upstream operators, and little change is expected in the second half of the year apart from the Permian Basin in the Q3 Continue Reading

For decades, elected leaders and corporate executives have chased a dream of independence from unstable or unfriendly foreign oil producers. Mission accomplished: Oil companies are producing record amounts of crude Continue Reading

A year-old bottleneck of crude in West Texas is shifting east as new pipelines prepare to begin operations without enough connections or storage for the smooth movement of shale oil Continue Reading

Phillips 66’s proposed deepwater oil export terminal off Corpus Christi, Texas, expects to load up to 16 VLCCs a month, joining an already competitive market to move the next wave Continue Reading

The United States became a net oil exporter for the first time in 75 years, or so they say. While the U.S. may indeed be exporting more petroleum than it Continue Reading

The world’s fourth-largest oilfield services provider, Weatherford International, said that it had started a financial restructuring by filing for Chapter 11 bankruptcy protection in the U.S. in a bid to Continue Reading

A slowdown in U.S. drilling activity is taking a toll on the oil patch as Weatherford International PLC has become one of the biggest oil-and-gas bankruptcies in years. Among the Continue Reading

Earlier this month BP released its Statistical Review of World Energy 2019 . The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level Continue Reading

The recent spike in tensions between the U.S. and Iran has pushed oil prices higher mostly because of the possibility—however slim—that Iran may decide to go through with its threat Continue Reading

The U.S. shale industry’s sizzling growth rate likely peaked last year, according to a survey of major forecasters, cooled by investors demanding financial returns over increased oil output. Photo Around Continue Reading

Engineering technicians/analysts, reservoir engineers and workers in geoscience disciplines are enjoying higher salaries in 2019, according to a report from CSI Recruiting. Crude production in the U.S. has continued to Continue Reading

U.S. crude oil output in April rose to a fresh monthly record, surpassing 12 million barrels per day, according to a government report on Friday. The United States produced 12.16 Continue Reading

Supply and disposition of crude oil and petroleum products on a national and regional level. The data series describe production, imports and exports, movements and inventories. PDF and CSV files Continue Reading

It’s been five years since crude started a precipitous drop that eventually saw it hit a low of $26 a barrel and shale producers are still feeling the pain. (Bloomberg) Continue Reading

Milestone Environmental Services reported that it has acquired leases and injection permits in Howard County, Texas. Milestone Environmental Services reported Wednesday that it has acquired three leases and four injection Continue Reading

This week’s addition of oil rigs was offset by a decline in gas rigs. The U.S. added four oil rigs and dropped four gas rigs this week, according to weekly Continue Reading

Boulder County, Colorado, on Friday halted accepting new oil and gas drilling and seismic testing permits for nine months, the latest community in the state to enact measures aimed at Continue Reading

 Oilfield services firm Weatherford International on Friday filed a prepackaged restructuring plan with the U.S. Securities and Exchange Commission, according to a regulatory filing. The company, which has struggled under Continue Reading

this week according to Baker Hughes, but the 4-rig decrease in the number of gas rigs was completely offset by an equal increase to the number of oil rigs. There Continue Reading

Plains All American Pipeline LP’s 670,000 barrel-per-day (bpd) Cactus II oil pipeline system from the Permian Basin to the Corpus Christi, Texas area will commence line fill within a week, Continue Reading

The recent downturn in oil prices forced a slowdown in the U.S. shale industry, and top executives appear to be gloomier than ever. According to a survey by the Dallas Continue Reading

The US oil and gas rig count rose by 11 week on week to 1,051, S&P Global Platts Analytics said Thursday, as the rig count continued a familiar seesaw pattern Continue Reading

The accelerated production of shale wells leaves them uniquely positioned to take advantage of the peaks and plateaus in oil prices. Since the early days of shale oil and gas Continue Reading

Volatile but range-bound oil prices are limiting the ability of U.S. oil firms to pay down the debts they had accumulated in order to boost drilling activities and production. On Continue Reading