Leaner and meaner: U.S. shale greater threat to OPEC after oil price war
In a corner of the prolific Bakken shale play in North Dakota, oil companies can now pump crude at a price almost as low as that enjoyed by OPEC giants Continue Reading
Is The Permian 20 Billion Barrel Oil Discovery Real?
Earlier this month the U.S. Geological Survey (USGS) announced the largest estimate of continuous oil that it has ever assessed. The area assessed is in the Permian Basin, a region Continue Reading
Protections for Rare and Endangered Animals Under Threat from Permian Basin Drilling Industry
Monarch butterflies, tiny lizards, and a type of grouse known as the lesser prairie chicken all drew close scrutiny from a large gathering of oil and gas executives at the Continue Reading
Nigeria’s Oil Minister Has Eye on Shale as OPEC Readies Cuts
Kachikwu sees crude rising just above $50 if deal is reached Producers due to meet on Nov. 30 to allocate output quotas As OPEC prepares for talks on eliminating a Continue Reading
Argentina plans railway to help lower shale drilling costs
Argentina’s national government is in the preparatory stages for equipping an aging railway and laying new train tracks to service the Vaca Muerta shale play. Jorge Ocampos, a legislator in Continue Reading
Argentina’s YPF to expand shale oil drilling with Petronas
Argentine state-controlled energy company YPF ( YPFD.BA ) said on Wednesday it plans to continue a pilot shale oil project with Malaysia’s Petronas ( PGAS.KL ), announcing an additional $192.5 Continue Reading
Oil Slides As U.S. Rig Count Surges Most In 16 Months
Baker Hughes reported an astonishing 20-rig gain this week to the number of active oil and gas rigs in the United States for its November 18th reporting period, bringing the Continue Reading
Texas’ Wolfcamp shale reserve may be largest ever assessed in U.S.
With optimism building around Texas shale, regional economists gather in Houston to assess current market conditions. Photo by Calin Tatu/Shutterstock HOUSTON, Nov. 17 (UPI) — With renewed focus on Texas Continue Reading
Why The Permian Just Got Even Hotter
Fracking rig The U.S. Geological Survey just published an assessment of oil reserves for a section of the Permian Basin, revealing the largest estimate of continuous oil that the agency Continue Reading
IEA expects U.S. shale output rise if OPEC pushes oil to $60
U.S. shale oil producers will increase their output if oil prices hit $60 a barrel, meaning OPEC will have to walk a fine line if it curtails production to prop Continue Reading