Category: Shale Oil

Just two years ago, U.S. pipeline operators were rushing to build pipelines in Texas to move surging Permian oil and gas production to the refining and export centers on the Continue Reading

The US oil and gas rig count climbed six in the week ended Sept. 16 to an eight-week high 293, rig data provider Enverus said Sept. 17, but drilling activity Continue Reading

North American shale producers far outspent their revenue in the second quarter despite making deep spending cuts to survive the worst oil price crash in decades. Operators idled rigs, sacked workers Continue Reading

Crude oil production in the U.S. shale patch is set to decline by 68,000 bpd next month, with every play registering declines in output except the Permian, the Energy Information Continue Reading

The recent combination of Schlumberger’s, (NYSE:SLB) OneStim business with Liberty Oilfield Service, (NYSE:LBRT) created a colossus in North American fracking . One estimate suggested the combination of these two would Continue Reading

The Drilling Productivity Report (DPR) rig productivity metric new-well oil/natural gas production per rig can become unstable during periods of rapid decreases or increases in the number of active rigs and well completions. The Continue Reading

Colombia’s state-held oil firm Ecopetrol, which has a strategic alliance with Occidental Petroleum to develop acreage in the Permian, plans to have drilled as many as 100 wells in the Continue Reading

Trafigura, one of the largest exporters of US crude oil and refined products, does not expect to see any growth in US shale production until the end of 2021, as Continue Reading

The cancellation of Enterprise Products Partners’ Echo 4 oil pipeline from the Permian to Houston is further evidence of the latest glut in pipeline capacity out of the West Texas Continue Reading

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