Category: Shale Oil

The rise of U.S. tight oil production over the last several years has upended the oil market and challenged OPEC’s hold on oil prices. This seemingly relentless growth in U.S. Continue Reading

Facilities will add 13.4% to ERCOT solar capacity Receive daily email alerts, subscriber notes & personalize your experience. Register Now Most of the solar capacity is in or near Permian Continue Reading

Texas accounted for four out of 10 US oil and gas jobs last year. The U.S. oil and gas industry employed 880,681 professionals in 2018, up 5.4 percent from the Continue Reading

U.S. shale drilling activity is set to slow this year as companies respond to lower oil prices. However, a lower WTI price is not the only reason for the deceleration. Continue Reading

The US saw an addition of seven oil rigs this week but saw a decline in gas rigs. After a week of a net loss of 14 rigs , the Continue Reading

Baker Hughes reported an increase in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling rigs Continue Reading

When it comes to whether or not shale drilling in the Permian is actually profitable, Rystad Energy concludes that operator size matters. Say it ain’t so. Some oil and gas Continue Reading

Just a year after rushing into America’s busiest oil field with new mines, frac-sand producers may have overdone it. West Texas sand used in the hydraulic fracturing process will drop Continue Reading

Roughly 20 percent of the hydraulic fracturing fleets that were active in mid-2018 have now been idled or are being idled, as lower oil prices prompt producers to tighten their Continue Reading

A report from the Environmental Defense Fund (EDF) found that the rate of flaring in the Permian basin is twice as high as the industry has been reporting. In 2017, Continue Reading

In a global collapse of oil prices five years ago, scores of American oil companies went bankrupt. But one field withstood the onslaught and even thrived: the Permian Basin, straddling Continue Reading

ExxonMobil and Plains All American gave the greenlight to another major pipeline in the Permian basin, which would move 1 million barrels per day (mb/d) from West Texas to the Continue Reading

In 2018, the oil and gas industry operating in North Dakota’s Bakken Shale burned off record amounts of natural gas, largely obtained via hydraulic fracturing (fracking). This process, known as Continue Reading

Exxon Mobil Corp and Chevron Corp, two of the world’s largest oil producers, on Friday posted improved quarterly earnings that benefited from double-digit percentage increases in production from the top Continue Reading

Soaring production in North America’s most prolific oil field helped propel Exxon Mobil Corp. and Chevron Corp. to bigger-than-expected fourth-quarter profits. Shares for both explorers were among the day’s best-performing Continue Reading

The bad news coming out of the shale oil fields of America could all be put down to slumping oil prices. That is certainly a big factor. But as investment Continue Reading

Magellan Midstream Partners LP has canceled plans to develop a stand-alone crude pipeline West Texas, the area of the nation’s top oil field as it considers a lower-cost project for Continue Reading

Enterprise Products Partners L.P. said on Thursday that a pipeline it is converting from shipping natural gas liquids (NGL) to crude oil will begin in February limited operations to ship Continue Reading

Forecasters project a large increase in U.S. oil production over 2019. The size of this increase ranges from four hundred and twenty thousand barrels per day (Citibank) to 1.7 million Continue Reading

Baker Hughes reported modest rise in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling rigs Continue Reading

U.S. energy firms this week increased the number of oil rigs operating for the first time this year but the rig count in January fell the most in a month Continue Reading

Cracks are emerging in the U.S. oil machine. Shale oil’s relentless production growth is easing, with growth next month set to be the weakest since May, according to the Energy Continue Reading

U.S. shale production growth could slow by as much as half this year, according to one industry titan. Continental Resources’ Harold Hamm said that shale growth could decline by as Continue Reading

Permian oil production is currently growing but at the slowest rate in more than two years, the US Energy Information Administration said Tuesday.  In its monthly Drilling Productivity Report, EIA Continue Reading

The rise of U.S. shale oil is choking off a historic gasoline trade, dealing a blow to European refineries that for decades have relied on American drivers to buy their Continue Reading

New research by Rystad Energy finds that the demand for frac water in the US has more than doubled since 2016. The demand for frac water in the United States Continue Reading

Capital raising by US oil exploration and production companies has fallen sharply following the decline in crude prices that began last October, pointing to cutbacks in capital spending budgets and Continue Reading

The shale tidal wave may finally be starting to ebb. The largest oilfield services company in the world says that shale drilling activity is slowing, creating an uncertain outlook for Continue Reading

The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading

 Shares of oilfield firm Halliburton Co  fell sharply on Tuesday after the company forecast lower revenues in key business areas in the first quarter, overshadowing a quarterly profit beat and Continue Reading

U.S. crude oil production will continue to grow through 2019 and 2020, but at a much slower pace than in 2018, according to the latest forecasts from the U.S. Energy Continue Reading

Oil prices were up early on Monday, steadying at a two-month high last seen in mid-November, as the plunging U.S. rig count last week signaled a slowdown in shale drilling Continue Reading

The number of drilled but uncompleted wells (DUCs) in the U.S. shale patch has skyrocketed by roughly 60 percent over the past two years. That leaves a rather large backlog Continue Reading

Baker Hughes reported a drastic reduction to the number of active oil and gas in the United States this week. The total number of active oil and gas drilling rigs Continue Reading

This marks the third consecutive week of rig declines for the US. The United States dropped a whopping 21 oil rigs this week, marking the third consecutive week of declines Continue Reading

While low oil prices are beginning to slow the growth of U.S. shale , in the years ahead oil and gas drilling could be curtailed by a different problem: a Continue Reading

2018 was the year the oil and gas industry promised that its darling, the shale fracking revolution, would stop focusing on endless production and instead turn a profit for its Continue Reading

Art Berman, geological consultant with over 37 years experience in petroleum exploration and production, returns to the podcast this week to debunk much of the hopium currently surrounding America’s shale Continue Reading

The year has barely begun but it’s already shaping up nicely for OPEC, with crude rebounding sharply after the worst fourth-quarter performance since 2014. A new production cuts deal with Continue Reading