Category: Shale Oil

Shale explorers will likely cut spending budgets next year for the first time since the last price crash as crude spirals down again, analysts said. (Bloomberg) — Shale explorers will Continue Reading

Surging U.S. oil production in the Permian basin has helped crash oil prices. But the Permian is also home to skyrocketing natural gas production, and output is growing so fast Continue Reading

The North Dakota Public Utilities Commission approved a 150 MMcf/d expansion to Kinder Morgan’s Roosevelt gas processing plant in McKenzie County, increasing the total of significant new plants or expansions Continue Reading

Falling prices could force shale drillers—who fracture underground rock formations to release the oil and gas trapped inside—to moderate their growth in booming areas such as the Permian Basin in Continue Reading

The race to export U.S. shale oil overseas is about to get fierce, with at least nine proposed terminals angling for a piece of a very limited pie.  Within 18 months, Continue Reading

Baker Hughes reported a 3-rig decrease for oil and gas in the United States this week. The total number of active oil and gas drilling rigs now stands at 1,079 Continue Reading

Bearish sentiment has taken hold of oil markets, with oil and gas companies having lost $1 trillion since oil began its latest slide.  – The Wolfcamp has been one of Continue Reading

Over the past three years, the Permian has been the focus of both oil analyst and buyers’ attention. Most of the new drilling and asset acquisitions in America took place Continue Reading

More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in Continue Reading

 U.S. energy firms this week added oil rigs for a fifth time in six weeks, keeping the rig count at its highest in over three years and crude production from Continue Reading

Baker Hughes reported a 1-rig increase for oil and gas in the United States this week—a far more tempered figure after last week’s 14-rig increase. The total number of active Continue Reading

North Dakota oil production averaged nearly 1.36 million b/d in September, up about 66,800 b/d from August and a new record for monthly output, state officials announced Friday. September marked Continue Reading

U.S. energy firms this week added oil rigs for a fifth time in six weeks, keeping the rig count at its highest in over three years and crude production from Continue Reading

If OPEC thought the 26 percent drop in oil prices since October might rein in U.S. shale production like the last sharp drop did four years ago, it might have Continue Reading

U.S. crude oil stocks posted the biggest weekly build in nearly two years last week as production hit a new record high and the government released more barrels from its Continue Reading

“You need scale once you’re in development mode to be able to succeed at the margins that you have,” said Jeff Shellebarger, Chevron’s president of North America exploration and production. Continue Reading

Highlights Operators deploy 11 more gas rigs week on week High gas prices, low storage motivating producers Houston — The US oil and natural gas rig count surged by 21 Continue Reading

The fracking of hard-to-reach oil reserves has helped the US regain its crown as the world’s top crude oil producer. But even the International Energy Agency (IEA) is now worried Continue Reading

If OPEC thought the 26 percent drop in oil prices since October might rein in U.S. shale production like the last sharp drop did four years ago, it might have Continue Reading

Oil production is growing so quickly in the Bakken that the region is starting to suffer from painful pipeline constraints. U.S. shale is not new to pipeline bottlenecks. The Permian Continue Reading

 U.S. crude oil output from seven major shale basins was expected to hit a record of 7.94 million barrels per day (bpd) in December, according to a monthly government forecast 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

The United States will be the biggest contributor to global oil production growth in the period to 2040, accounting for 75 percent of the total, the International Energy Agency said Continue Reading

Seven billion dollars—this is the sum that oil producers could save annually if they take advantage of all digital capabilities made available to them by a technology industry that’s been Continue Reading

‘It’s frankly today a bigger concern than oil prices, because oil prices are fine where they are. The availability of labor is not,’ says analyst. (Bloomberg) — Ryan Byrd worked Continue Reading

“The shale revolution continues to shake up oil and gas supply, enabling the U.S. to pull away from the rest of the field as the world’s largest oil and gas Continue Reading

Pipeline operator Plains All American said it had expanded the capacity of its network in Texas, launching its Sunrise pipeline from the Permian to Cushing, Oklahoma, which boosted overall daily Continue Reading

A controversial proposal on the ballot in Colorado that would have dramatically limited new oil and gas development in the state failed at the polls Tuesday. According to returns from Continue Reading

Colorado voters overwhelmingly rejected a measure which would have required drilling of oil and gas wells to be at least 2,500 feet away from occupied structures and vulnerable areas, such Continue Reading

Halliburton Co. expects bottlenecks in America’s busiest oil field to be relieved by the end of next year. A series of catalysts will drive drilling and fracking activity in the Continue Reading

The proposed Voyager pipeline would extend nearly 500 miles and could be in service in late-2020. Magellan Midstream Partners, L.P. (MMP) and Navigator Energy Services have launched a binding open Continue Reading

At a time when demand for oil and gas is close to reaching a historical peak of 100 million barrels a day, meeting this demand is now under threat due Continue Reading

The U.S. oil drilling rig count declined this week for the first time in four weeks, although the rig count held close to its highest in over three years as Continue Reading

Permian output rises to 338,000 boe/d Attributes high growth to well design tweaks, high-density fracs Chevron USGC oil export capacity to triple in early 2019 Houston — Chevron’s production from Continue Reading

Newly released data from the BLS reveals that October continued the trend of adding jobs in the sector. The U.S. added 5,000 mining jobs for the month of October, according Continue Reading

I’m tempted to say the following to the writers of two recent pieces ( here and here ) outlining the continuing negative free cash flow of companies fracking for oil Continue Reading

The oilfield service sector has been on the path of recovery from the 2014 industry downturn, but just when the industry says things are starting to look up, Moody’s has Continue Reading

Top Bakken producers this week reported record-breaking crude oil output in the third quarter and announced plans to ramp up production in the play.  Hess produced 118,000 b/d of oil Continue Reading

Anadarko Petroleum will continue using a $50/b oil price assumption in 2019, the company’s CEO said Wednesday, even though current US prices are about 30% above that level. Receive daily Continue Reading

In 2016, lower oil prices led to an overall drop in production for shale companies, which use horizontal drilling and fracking to extract oil and gas from shale formations such Continue Reading