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Tag Archives: shale oil
Are The Bakken’s Sweet Spots Past Their Prime?
Are The Bakken’s Sweet Spots Past Their Prime? This post is an update on total Light Tight Oil (LTO) extraction from Bakken in North Dakota based upon actual data as of October 2014 from North Dakota Industrial Commission (NDIC). It further presents a statistical analysis on developments of well productivity with a detailed look at […]
An Endless Sea of Energy
An Endless Sea of Energy With crude oil prices in a strong corrective mode, energy depletion is understandably not on people’s minds these days. However, this is a scenario that many of us might have to deal with at some point in our lifetimes. Yes, the world currently has more than abundant supplies of crude […]
North Dakota Mineral Resources Dept Admits Half Its Shale Regions Below Breakeven
North Dakota Mineral Resources Dept Admits Half Its Shale Regions Below Breakeven While talking heads and TV personalities reassure the investing public that low oil prices are “unambiguously awesome” for everyone, it seems the cracks in this narrative are starting to show. From falling wages, surging job cuts, plunging rig counts, and crashing capex, it’s […]
Bakken, Let’s Do The Math
Bakken, Let’s Do The Math There has been considerable dispute over how many new wells required to keep production flat in the Bakken and Eagle Ford. One college professor posted, over on Seeking Alpha, figures that it would take 114 rigs in the Bakken and 175 in Eagle Ford to keep production flat. He bases his […]
Saudi War On Shale Goes Nuclear – “No Chance OPEC Will Cut Output” Even With Brent Under $50
Saudi War On Shale Goes Nuclear – “No Chance OPEC Will Cut Output” Even With Brent Under $50 For those hoping that the recent brief dip in Brent crude below $50 – most notably Venezuela’s intrepid socialist leader Nicolas Maduro whose numbered days get shorter with every day Brent closes red, and countless bondholders of junk- […]
Oil Prices, Rig Count And The Economic Impact
Oil Prices, Rig Count And The Economic Impact A few years ago I spent a good deal of time overseas. When you travel for an extended period, it is always interesting to begin to understand the perception that people in other parts of the world have about where you come from. When I was living […]
The First Shale Casualty: WBH Energy Files For Bankruptcy; Many More Coming
The First Shale Casualty: WBH Energy Files For Bankruptcy; Many More Coming “There are too many ugly balance sheets,” warns one energy industry analyst, adding simply that “the group is not positioned for this downturn.” While the mainstream media continues to chant the happy-clappy side of lower oil prices, spewing various ‘statistics’ about how the down-side of low […]
Oilfield Writedowns Loom as Crude Slump Guts Drilling Values
Oilfield Writedowns Loom as Crude Slump Guts Drilling Values Tumbling crude prices will trigger a flood of oilfield writedowns starting this month after industry returns slumped to a 16-year low, calling into question half a decade of exploration. With crude prices down more than 50 percent from their 2014 peak, fields as far-flung as Kazakhstan […]
The Real Cause Of Low Oil Prices: Interview With Arthur Berman
The Real Cause Of Low Oil Prices: Interview With Arthur Berman With all the conspiracy theories surrounding OPEC’s November decision not cut production, is it really not just a case of simple economics? The U.S. shale boom has seen huge hype but the numbers speak for themselves and such overflowing optimism may have been unwarranted. […]
Oil, Power and Psychopaths – The Automatic Earth
Oil, Power and Psychopaths – The Automatic Earth. Iran has a – very – long running dispute with the US about its nuclear technology. The US wants Assad (Bashar Al-Assad) out of Syria, while Iran and Russia support Assad (Russia’s sole proper base in the Middle East), who’s an Alawite (a Shi-ite branch), a people […]
Another Shale-Bubble Bursts: Oil’s Plunge Is Not ‘Unequivocally Good” For This Group | Zero Hedge
Another Shale-Bubble Bursts: Oil’s Plunge Is Not ‘Unequivocally Good” For This Group | Zero Hedge. While Jim Cramer went “all-in on oil stocks” in May 2014 (right before the collapse), it was the fracking sand-providers that were the most-loved stocks on many individual investors buying lists last year… until their worlds caved in. As WSJ reports, for many sand producers, […]
Low Prices Lead To Layoffs In The Oil Patch
Low Prices Lead To Layoffs In The Oil Patch. Crude oil is set to close out a shocking year with a fresh five-year price low in the final days of 2014, falling more than 50 percent from their June highs. The decline continues to bedevil the markets. Sensing a rally was in order, speculators had […]
WTI Hits $52 Handle As US Rig Count Tumbles To 8-Month Lows | Zero Hedge
WTI Hits $52 Handle As US Rig Count Tumbles To 8-Month Lows | Zero Hedge. Just as T. Boone Pickens warned “watch the rig counts” last week, so the Baker Hughes rig countjust collapsed for the 3rd week in a row to 8-month lows. This is the fastest 3-week drop since mid-2009. Crude prices were already […]
Drilling Cutbacks Mean Service Companies Forced to Scrap Rigs
Drilling Cutbacks Mean Service Companies Forced to Scrap Rigs. Despite the decline in oil prices, the U.S. is expected to boost production by 300,000 barrels per day in 2015, up to a yearly average of about 9.3 million barrels per day, according to the most recent government estimates. But the number of oil and gas rigs […]
Peak Oil Review – 25 December 2014
Peak Oil Review – 25 December 2014. Mid-Week Update Oil futures have been volatile this week, swinging $1-2 a barrel on the latest news. New York crude closed Wednesday at $55.84 a barrel and London at $60.24, about where they have been for the last ten days. This week the up swings came from better […]
