Tag: Shale
Column: US shale producers renew challenge to OPEC
US shale producers add more rigs By John Kemp LONDON, Nov 27 – US shale producers have started adding more drilling rigs in response to rising oil prices and improving confidence about the outlook for 2018. Experience shows changes in the number of rigs drilling for oil in the United States tends to follow changes […]
Mexico’s shale-rich Burgos Basin opens to private investment for first time
Mexican government planning to open more acreage in Burgos and other shale basins to private companies In July 2017, Mexico’s national energy ministry (SENER) opened the onshore portion of the Burgos Basin, a shale-rich basin in northeastern Mexico, for natural gas exploration and development by private companies, according to the US Energy Information Administration. This […]
BP Mancos Shale gas discovery could be groundbreaking discovery
Mancos Shale second largest to Marcellus field In 2015, BP bought acreage in a little-known area in northern New Mexico where not a single gas well was located. A year later, a report from the US Geological Survey showed the site, known as the Mancos Shale, could be home to the second largest shale play […]
When will American shale oil make money? Maybe by 2020, says Wood Mackenzie
Tight oil most attractive investment theme in the global industry – Wood Mackenzie Tight oil profitability has been the focus of much debate since the oil price collapse of 2014. Its ability to scale down and up quickly and break even at low price points has made the Permian the star of the show for investors, […]
US shale producers cutting budgets as oil prices lag
US shale producers say 2017 plans were too aggressive A number of US shale producers say they are starting to pull back on aggressive capital spending plans for this year due to languishing oil prices. So far this week, Anadarko, ConocoPhillips, Whiting Petroleum and Hess Corp have cut a combined $750 million from their capex […]
Opinion: Lower oil prices set to test US shale drillers
Many US shale producers have hedged 2017 production at over $50/barrel By John Kemp LONDON, June 15 (Reuters) – Some US shale producers claim they can produce oil profitably with prices well below $50 per barrel or even $45 per barrel; the oil market is likely to put those claims to the test. Shale firms […]
Utica Shale gas production continues to climb 1st quarter of 2017
U.S. has now exported LNG to 20 countries by Jackie Stewart, EnergyInDepth New data released by the Ohio Department of Natural Resources (ODNR) show Ohio shale natural gas production continued its upward trajectory in the first quarter of 2017. Ohio Utica Shale wells produced 371,921,659 Mcf (371 billion cubic feet) of natural gas in the […]
API Report: Amidst shale revolution, industry safer than ever
Injury and illness rate for U.S. oil, gas workers fell 45% from 2006 to 2015 by Jack Anderson, EnergyInDepth The American Petroleum Institute (API) released a new report last week that discusses the long history of hydraulic fracturing in the United States and forecasts the outlook for the future. Spoiler alert: the best may be […]
Opinion: US shale booms and depresses oil prices again
US shale production expected to rise substantially in 2017, and into 2018 By John Kemp LONDON, June 1 US oil production continues to rise relentlessly, frustrating efforts by OPEC and non-OPEC oil exporters to rebalance the global market and secure an increase in the price of crude. After a devastating slump in 2015 and 2016, the […]
University report finds Utica Shale investment has surpassed $50 billion
Thanks to fracking, Ohioans do not have to choose between stable jobs or clean air by Jackie Stewart, EnergyInDepth A new Cleveland State University (CSU) report entitled “Shale Investment Dashboard in Ohio” finds total Utica Shale investment topped $50.4 billion from 2011 to the summer of 2016. That total includes $38.8 billion in upstream investment […]
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