By Corrina Ricker This article was published by the US Energy Information Administration on Oct. 11, 2019. The API gravity of crude oil input to US refineries has generally increased, or gotten lighter, since 2011 [Read more]
The latest assessment estimates that there are around 350 billion tight oil barrels that are technically recoverable outside the United States (triple the amount in the United States). Anadarko photo. US tight oil production expected [Read more] [Read more]
In an all-stock deal valued at approximately $5.5 billion, Encana Corporation will acquire all the outstanding shares of common stock of Newfield Exploration Company. Encana photo. Newfield Exploration deal makes Encana one of the top [Read more]
According to Drillinginfo, US oil and gas mergers in the third quarter of this year jumped by 250 per cent over the second quarter of 2018, breaking all quarterly records dating back to the fourth [Read more]
American investors are picking up discounted shale oil and gas assets on the cheap, preferring them to long-cycle oil sands investment, say US economists Oil and gas investment is falling in Alberta and rising rapidly [Read more]
In the West Texas plains, the booming frack sand business is surprising residents of the vast, windswept area. Within 12 months, 11 frack sand mines opened up and about another 10 are in a rush [Read more]
The number of unfractured Permian wells is rising at a record pace as pipeline bottlenecks in the Permian Basin could result in completely full pipelines out of the shale-rich region within three to four months. [Read more]
In the current slump, drilling costs have recovered more slowly than normal as the market has absorbed a huge number of idled rigs. Apache photo. Drilling costs up over 10 per cent since November 2016 [Read more]
Capital spending in the Canadian shale play and other non-oil sands projects is expected to hit $33 billion this year, outpacing oil sands capital spending. Encana photo. Canadian shale could lure new investment A growing [Read more]
Permian Basin already has shale fields that are profitable under $20/b, how much lower can costs go with Big Data/analytics? It’s an oil price war and American shale producers are bringing out the big guns, according [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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