Category: Shale Oil

More than $1 billion a day. That’s how much value a Permian Basin pipeline crunch wiped out from the explorers most focused on the booming U.S. shale region in two Continue Reading

Analysts continue to focus on the surging oil production in the Permian and looming takeaway capacity bottlenecks that could slow down the oil growth in the biggest U.S. shale play. Continue Reading

Plains All-American Pipeline is focused on increasing the capacity of its crude oil gathering system in the Permian Basin of West Texas and New Mexico, even as it moves ahead Continue Reading

Analysts continue to focus on the surging oil production in the Permian and looming takeaway capacity bottlenecks that could slow down the oil growth in the biggest U.S. shale play. Continue Reading

The rise in oil prices moved in tight correlation with the hiring at companies at the heart of the U.S. oil production—Houston—where hiring jumped by 12.4 percent annually in May Continue Reading

Production from the US’ fastest-growing oil play continues to rise, but infrastructure has lagged the surging output leading to steep discounts at the region’s pricing hub. New pipelines in development Continue Reading

With all the talk about sanctions, conflict and nationwide implosions, stakeholders could be overlooking a potential sleeper for the US oil market: DUCs–drilled but uncompleted wells. Many observers are wondering, Continue Reading

Texas is facing a burning question that’s pitting the state’s economy against its environment, and oil drillers against each other. With natural gas pipelines in the Permian Basin reaching 98 Continue Reading

Amid reports that OPEC will likely decide to start easing production quotas after June 22 and an IEA forecast that electric vehicles will displace 2.5 million bpd in crude oil Continue Reading

U.S. energy companies added oil rigs for a second week in a row even though crude prices have declined about 7 percent over the past two weeks and analysts do Continue Reading

U.S. crude prices sank on Thursday after a brief rally in the previous session, but analysts say the recent slump in oil prices won’t last much longer. In the five Continue Reading

The U.S. shale surge is crashing headlong into a barrage of bottlenecks. From West Texas pipelines to Oklahoma storage centers and Gulf Coast export terminals, the delivery system for American Continue Reading

A new oil rig will rise behind a middle school in this sprawling county in the coming months, its slender tower bearing an announcement: fracking is back. After a downturn Continue Reading

Oil and gas companies that took a lot of loans and issued five- and seven-year notes in the “exuberance” years before 2014 are likely to get more favorable terms from Continue Reading

The Wall Street Journal recently reported that only five of the Top 20 U.S. oil companies focused mostly on hydraulic fracking generated more cash than they spent in the first Continue Reading

Preliminary data on crude oil production from the shale basins in Texas show a moderate increase from last year, a state regulator reported. The Texas Railroad Commission, the state energy Continue Reading

The U.S. shale surge is crashing headlong into a barrage of bottlenecks. From West Texas pipelines to Oklahoma storage centers and Gulf Coast export terminals, the delivery system for American Continue Reading

Last year the fracking company Halcón Resources announced a new strategy that was sold as the path to profits for the previously troubled shale oil and gas firm. The company Continue Reading

Pipeline bottlenecks in the Permian Basin are hurting prices for cash-strapped producers Bob Watson said his company is in the process of selling its Eagle Ford land, which totals more Continue Reading

U.S. energy companies added the most oil rigs in both a week and a month since February as drillers continued to return to the well pad with crude prices at Continue Reading

US drillers added 13 rigs to the number of oil and gas rigs this week, according to Baker Hughes, with oil rigs increasing by 15 and gas rigs dipping by Continue Reading

A natural gas bottleneck in the Permian Basin could force oil producers to shut wells or seek waivers to flare large amounts of natural gas if takeaway capacity does not Continue Reading

A new and growing challenge for Permian oil and gas companies is handling and disposing of water. Much of the attention given to the Permian Basin nowadays hinges on growth Continue Reading

In 2016, for instance, gas flows leaving the Permian typically clocked in at about 3.6 billion cubic feet per day (Bcf/d), according to S&P Global Platts . That number has Continue Reading

US oil production from shale and unconventional sources will grow in the future, but the rate will likely be less than most widely accepted sources currently predict, a well-respected industry Continue Reading

Few Americans realize that the U.S. economy is being propped up by the Shale Oil Industry. However, the shale oil industry is nothing more than a Ponzi Scheme, so when Continue Reading

Most people probably aren’t familiar with the acronym ZIRP. It stands for zero interest rate policy and is the policy that unintentionally created the American fracking bubble — just one Continue Reading

 I have updated my scenarios for US LTO output, based on both EIA tight oil output data and average well profile data from Enno Peters’ shaleprofile.com. I have also created Continue Reading

WTI Crude prices have recently surged to their highest level in three and a half years—just above $70 a barrel . In theory, that’s higher than the average breakeven costs Continue Reading

The U.S. oil rig count held steady this week after rising for six weeks in a row even as crude prices soar to multi-year highs, prompting drillers to extract record Continue Reading

American shale drillers are still spending more money than they are making, even as oil prices rise. Of the top 20 U.S. oil companies that focus mostly on fracking, only Continue Reading

Shale oil production in the United States will rise by a record-breaking 144,000 bpd from May to June, hitting 7.178 million bpd, the Energy Information administration estimated in its latest Continue Reading

U.S. crude oil production, topped 10.057 million barrels per day (bpd) in November 2017, shattering a 47-years old record. U.S. crude oil production, led by record output in Texas and Continue Reading

Energy stocks have struggled to break out over the past year, although oil prices have been rising. Only recently, in the past month, the S&P 500 energy sector started to Continue Reading

The Permian basin has garnered much of the media attention when it comes to U.S. shale growth, but higher oil prices are putting more shale regions into profitable territory. In Continue Reading

Shale drillers are ramping up production in the U.S. as oil prices rise, moving beyond the West Texas oil field that became the country’s drilling center. From Oklahoma to North Continue Reading

ConocoPhillips is focusing on its U.S. shale business and is getting ready to sell some or all of its North Sea assets that could fetch US$2 billion, Reuters reported on Continue Reading

U.S. shale production is expected to rise by about 145,000 barrels per day to a record 7.18 million bpd in June, the U.S. Energy Information Administration said on Monday. A Continue Reading

The growth of the shale industry will strengthen the U.S. for the next 15 to 20 years, Borealis Chief Executive Mark Garrett told CNBC on Sunday. “We’re very positive on Continue Reading

Geologist Arthur Berman, who has been skeptical about the shale boom, warned on Thursday that the Permian’s best years are gone and that the most productive U.S. shale play has Continue Reading

The geologist who earned the wrath of shale drillers a decade ago with forecasts that natural gas was about to run out is now warning that the Permian Basin has Continue Reading

US drillers added 13 rigs to the number of oil and gas rigs this week, according to Baker Hughes, adding 10 active oil rigs and 3 active gas rigs. The Continue Reading