Tag: Shale Oil
US shale oil rebound shakes OPEC
How low can the costs of US shale oil production go? By Ross McCracken, Platt’s Managing editor, Energy Economist Even with oil prices hovering around the $50/b mark, the US rig count has increased rapidly while E&P companies continue to record substantial reductions in well drilling costs. The increase in new well oil production per rig […]
Opinion: Rising oil prices throw lifeline to American shale producers
“Given fragility of market rebalancing, and financial exhaustion of many US onshore oil producers, safer course now is to start locking in at current prices, even at risk of giving away some upside.” – Kemp By John Kemp LONDON, April 28 (Reuters) – Brent prices for 2017 ended trading above $50 per barrel on Wednesday for the […]
Shale oil production in Baaken, Eagle Ford sees steady decline
Low number of rigs working Bakken, Eagle Ford almost guarantees producers dipping into inventory of drilled but uncompleted wells Oil production from key shale formations in North Dakota and Texas dropped slightly in Jan. vs. Dec. and declined significantly from the previous Jan., according to Platts Bentek. Oil production from the Eagle Ford shale basin in Texas was relatively […]
Shale 2.0 – Permian Basin takes aim at Saudi production costs
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 to supporters of the Shale 2.0 model. And that is good news for the Permian Basin, the most prolific shale […]
US oil production will reach 14.2 million b/d by 2021 – IEA
US shale output expected to dip for next two years, then rise sharply as market rebalances American oil production is forecast to rise to an all-time high of 14.2 million b/d by 2021, according to an International Energy Agency report released Monday. US production will dip in the short-term, by 600,000 bpd this year and a further […]
East Coast natural gas reserves spawn pipeline boom, insurgency
East Coast natural gas pipeline battle a proxy war for some fossil fuel opponents ROCKY MOUNT, Va. _ Carolyn and Ian Reilly and their four children left Florida’s sprawl in 2010 to farm 58 acres in rural Virginia, raising beef cattle, chicken and hogs. Then a year ago, they learned a natural gas pipeline would […]
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