Since start of US “Shale Gale,” pace of production growth only accelerating, reshaping energy markets A decade since the start of a shale gas revolution that unlocked new supplies and resulted in a “wholesale turnaround” [Read more]
Jet fuel prices have hit six-year highs. One reason for the increase is unique properties of US shale that refiners have to deal with when refining the plentiful crude. Alaska Airlines photo. Rise in use [Read more]
Chinese commercial well costs have fallen 25% since 2014, are more than 20% higher than comparable US wells Shale gas in China has seen significant progress over the last decade, growing to nearly 600 wells [Read more]
After oil prices rose over one-third in the past year, a number of large US shale oil companies have either paid dividends or vowed to pay dividends to their shareholders this year, according to Reuters. [Read more]
OPEC Secretary General Mohammad Barkindo, other OPEC officials will meet with US shale companies in Houston to talk about the global oil glut. OPEC photo. Rising US shale production helped boost overall US output to [Read more]
2017 should see more stable prices, beginning of US shale revival As a year draws to its close, journalists like to look back and talk about what they got right, skip over what they got wrong, [Read more]
Even if OPEC, Russia deal works as hoped, uptick in US shale production could keep prices depressed Crude oil prices rose Friday on news that OPEC agreed to stabilize global markets. Somewhere in Riydah, Deputy Crown Prince [Read more]
EOG says Permian Basin assets are responding well to productivity improvements like longer horizontal well laterals Not many American oil producers are competitive at low prices, but EOG Resources has the technical knowhow and execution to [Read more]
Peak tight gas production in Barnett Shale is 5 Bcf/d, down to 4.5 Bcf under current conditions Global shale natural gas production will rise by 400 per cent over the next 25 years, but that’s [Read more]
Continuous improvement of American shale technology, operations also important to lowering costs – Charlotte Batson One of the most interesting debates in the American oil patch is the role innovation and new technology will play [Read more]
Reality of fracking and earthquakes less serious, more complex than eco-activists claim Recent controversy about fracking-induced earthquakes in NE British Columbia illustrates how North American environmental NGOs use junk science and exaggerated claims to distort the public [Read more]
Shale producers have plenty of room to reduce costs, small OPEC producers need high oil prices As global oil markets continue to roil, OPEC’s weak sisters are panicking and American shale producers are digging in [Read more]
Does Saudi Arabia really care which high cost oil producers go under? One analysts says, no Mark Mills has a theory about the Saudi market share strategy that goes a long way to explaining why some [Read more]
Industry said Barnett Shale research doesn’t establish link between fracking and water contamination A new study investigating groundwater contamination in the Barnett Shale illustrates why caution should be exercised when drawing conclusions from scientific studies. In this case, [Read more]
US shale has bounced back, but unlikely OPEC and Saudis are vanquished just yet Where’s the bottom? That’s the question every US shale CEO asks after prices fall off a cliff like they did late last [Read more]
US shale producers innovating, driving down costs vs. Saudi marginal cost of $10 per barrel Who’s winning the heavyweight bout for international oil markets? One American analysts is arguing for a US shale victory, but don’t count [Read more]
With the stroke of a pen, Texas Gov. Greg Abbott signed into law on Tuesday a prohibition on local anti-fracking movements, which were to some extent supported by professional eco-activists, or “fractivists.” “This law ensures that [Read more]
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