The Shale Patch Bankruptcy Crisis Isn’t Over Yet
Low oil prices, lower credit availability, and piling debt loads forced a few dozen oil and gas firms in North America to file for bankruptcy protection in the third quarter. Continue Reading
Drilling Productivity Report
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Chevron to stay wedded to shale, for ‘incredible flexibility’: CEO
Chevron CEO Mike Wirth on Oct. 13 defended the company’s commitment to shale and said its upstream portfolio would remain weighted toward tight oil and gas, with fewer large, non-shale Continue Reading
Is U.S. Shale Finally Bouncing Back?
As the oil price dropped through the first and second quarters of this year, oil companies closed in wells and laid off drilling and fracking crews. Activity bottomed in late Continue Reading
U.S. Shale Production Set To Drop Next Month
Oil production from the seven largest shale formations in the United States is set to decline 121,000 barrels next month, the Energy Information Administration (EIA) said on Tuesday in its Continue Reading
Shale binge has spoiled US reserves, top investor warns
A fracking binge in the American shale industry has permanently damaged the country’s oil and gas reserves, threatening hopes for a production recovery and US energy independence, according to one Continue Reading
The Next Couple Of Months Are Crucial For U.S. Oil
The U.S. oil industry faces a bumpy road to recovery from the steepest slump in oil demand in history. Oil demand in the United States and elsewhere is still trailing Continue Reading
Rising Oil Rig Count Puts Prices Under Pressure
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 4 to 193—a gain that may push prices down further. The total number Continue Reading
U.S. Shale Faces Another Year Of Contraction In 2021
1. DVN and EOG exposed to federal lands drilling ban – With Joe Biden leading in the polls, the odds of access to federal lands for U.S oil and gas Continue Reading
There’s No Oil in Wisconsin. The Fracking Bust Hit It Anyway.
For years, Mary Drangstveit could feel the shale boom reverberating in her kitchen. This spring, oil prices crashed and the rattling ceased. t brought relief for her and distress for some Continue Reading