Crude by rail opponents recall 2013 Lac Megantic disaster that killed 47 people To crude producers hankering for a route to market while pipeline proposals stall, a bevy of crude by rail projects planned on the U.S. West Coast may look enticing. But efforts to connect trainloads of crude to refineries and marine terminals in […]
Crude by rail projects on US West Coast under attack Read More »
From July 2014 to July 2015 total U.S. crude oil production has increased by about 550,000 b/d, mostly from shale basins Oil production from key shale formations in North Dakota and Texas increased slightly in July from June, according to Bentek Energy. Oil production from the Eagle Ford Basin in Texas remained relatively strong in July, up 10,000 barrels per day (b/d), ), but less than 1 per cent, from June, the latest analysis showed.
Shale update: Bakken, Eagle Ford production up slightly in July Read More »
Hess drilling, completion costs per well of $5.6 million in Q2 2015 down 24% Hess Corp. says new production from the Bakken jumped by 49 per cent over the past year even though it drilled far fewer wells. CEO John Hess said Wednesday that the 2015 forecast for the North Dakota shale oil formation would range from to 105,000-110,000
Hess Corp. – More Bakken production from fewer wells Read More »
IHS study suggests producers, service companies need more familiarity with refracturing Horizontal well refracturing shows a lot of promise for lowering production costs, but there are technical and financial costs to be overcome, according to a new report from analysts IHS. By 2020, refractured wells will account for as much as 11 percent of horizontal
Refracturing wells has potential, but plenty of risk and uncertainty – study Read More »
Hess says the sale proceeds leave it in a superior financial position Hess Corporation and Global Infrastructure Partners have completed their joint venture deal to create a midstream energy company to serve the Bakken shale play. On Wednesday, the companies announced the completed transaction, which includes the previously announced sale of a 50 per cent interest in
Hess, Global Infrastructure team up on Bakken midstream joint venture Read More »
Future growth of oil by rail shipments to West Coast depends on regulatory approvals, competition with imports Oil by rail shipments to the West Coast are up sharply as domestic production continues its long-term decline, according to the US Energy Information Administration. While total U.S. crude oil production increased by nearly 3.2 million barrels per
Oil by rail shipments to the West Coast ramping up Read More »
Eagle Ford production expected to decline in near future – Bentek The decline in drilling rigs working in the Eagle Ford shale basin is finally taking its toll, as oil production grew only 1,000 barrels in April and is expected to drop in May, according to Bentek Energy. Production in the Bakken formation of North Dakota
Eagle Ford, Bakken production flat in April Read More »
New study says American shale are adjusting to the new low oil price environment The much heralded death of the American shale revolution at the hands of OPEC and the Saudis appears to be premature, according to a new study by consultancy IHS. The report says the compounding effect of high-graded drilling locations and the
American shale revolution lives! High-grade drilling, cost reductions are key Read More »
New study examines break even costs for Bakken shale wells in 12 counties A new report from London-based GlobalData says the “sweet spots” of Bakken shale production are still profitable at $60 oil. Not all Bakken wells are created equal, according to Jonathan Lacouture, GlobalData’s Upstream Analyst covering Onshore Americas. “While well productivity and cost efficiency
Bakken shale production in some counties viable at $60 Read More »
Canadian oil sands production increasingly shipped to East Coast oil by rail Monthly oil by rail receipts accounted for more than half (52%) of the crude oil supply to East Coast refineries in February. As U.S. and Canadian production of crude oil has increased, crude supply by rail to East Coast (PADD 1) refineries has
Oil by rail shipments are 52% of supply to East Coast refineries Read More »
