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Tag Archives: shale oil
Bakken Sweet Spots Are Petering Out
Bakken Sweet Spots Are Petering Out. The Bakken, as well as other shale oil areas, is not one homogeneous area where equal amounts of oil can be found. David Hughes in DRILLING DEEPER puts it this way, though here he is talking about gas wells, the same applies to oil wells: All shale gas plays invariably have […]
19 US Shale Areas That Are Suddenly Endangered, “The Shale Revolution Doesn’t Work At $80” | Zero Hedge
19 US Shale Areas That Are Suddenly Endangered, “The Shale Revolution Doesn’t Work At $80” | Zero Hedge. Despite the constant blather that lower oil prices are “unequivocally good” for America, we suspect companies working and people living these 19 Shale regions will have a different perspective… Drilling for oil in 19 shale regions loses […]
Follow The Sand To The Real Fracking Boom
Follow The Sand To The Real Fracking Boom. When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom. Demand is exploding for “frac sand”–a durable, […]
The US Shale Breakeven Price Debate
The US Shale Breakeven Price Debate. My favorite quote by H.L. Mencken is ‘a cynic is a man who, when he smells flowers, looks around for a coffin‘. A bit morose, I know, but this appeals to the contrarian in me. My second favorite is überly-applicable to US shale oil break-evens: ‘For every complex problem […]
Oil at $75 Means Patches of Texas Shale Turn Unprofitable – Bloomberg
Oil at $75 Means Patches of Texas Shale Turn Unprofitable – Bloomberg. With crude at $75 a barrel, the price Goldman Sachs Group Inc. says will be the average in the first three months of next year, 19 U.S. shale regions are no longer profitable, according to data compiled by Bloomberg New Energy Finance. Those areas, which […]
You Have to See It to Believe It: What It’s Like to Have Fracking in Your Backyard | Alternet
You Have to See It to Believe It: What It’s Like to Have Fracking in Your Backyard | Alternet. Ed Wade’s property straddles the Wetzel and Marsh county lines in rural West Virginia and it has a conventional gas well on it. “You could cover the whole [well] pad with three pickups,” said Wade. And […]
Shale Oil – Crash Course Chapter 21 | Peak Prosperity
Shale Oil – Crash Course Chapter 21 | Peak Prosperity. If you’ve watch the previous video chapter on Peak Cheap Oil, you may be wondering how any of that could be still be true given all the positive recent stories about shale oil and shale gas , many of which have proclaimed that “Peak Oil is dead”. […]
How Low Can the Price of Oil Plunge? | Wolf Street
How Low Can the Price of Oil Plunge? | Wolf Street. It is possible that a miracle intervenes and that the price of oil bounces off and zooms skyward. We’ve seen stocks perform these sorts of miracles on a routine basis, but when it comes to oil, miracles have become rare. As I’m writing this, […]
Frackquake: 4.8 Magnitude Earthquake Felt Throughout Kansas | Zero Hedge
Frackquake: 4.8 Magnitude Earthquake Felt Throughout Kansas | Zero Hedge. While it is unclear if moments ago the Mississippian Lime Play under south Kansas was the first major shale quake to hit Kansas, or this was simply the first yet to be named shale company going Chapter 11, but moments ago the USGS reported that […]
The Major Threat to Some of the World’s Largest Oil Producers
The Major Threat to Some of the World’s Largest Oil Producers. Saudi Arabia is rattling the oil sector… and that’s bad news for some of the most popular oil stocks on the market. Last week, the leader of the Organization of the Petroleum Exporting Countries (OPEC) – the oil cartel that has effectively set the […]
Will US Shale Oil Undermine Its Own Success?
Will US Shale Oil Undermine Its Own Success?. The US shale revolution has remarkably influenced global energy markets over the past five years. Can falling oil prices tarnish the extraordinary success of hydraulic fracturing in the US and turn it into a victim of its own success? The continuous fall in oil prices over the […]
US oil consumption did not increase as result of US tight oil boom
US oil consumption did not increase as result of US tight oil boom. In part 1 of a series of articles on the impact of US tight (shale) oil we examine the impact on US oil consumption. Fig 1: US crude oil production with tight oil from Texas and North Dakota Data from: http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbbl_a.htm In […]
The Fate of the Turtle | KUNSTLER
The Fate of the Turtle | KUNSTLER. Anybody truly interested in government, and therefore politics, should be cognizant above all that ours have already entered systemic failure. The management of societal affairs is on an arc to become more inept and ineffectual, no matter how either of the current major parties pretends to control things. […]
The Detailed US Shale Oil Cost Curve: Where Is The Line In The Sand? | Zero Hedge
The Detailed US Shale Oil Cost Curve: Where Is The Line In The Sand? | Zero Hedge. On an almost daily basis, investors are reassured that a falling oil price is “unequivocally good” for the US economy. The “It’s like a tax cut for the consumer”-meme dominates financial media while the impact on the Shale (or tight) […]
The Driving Force Behind the US Oil Boom
The Driving Force Behind the US Oil Boom. The shale revolution’s sweet spot is oilfield services, the lower-risk backbone of the American oil and gas boom that pays off regardless of a play’s economics. Behind the stardom of the explorers and producers who have put themselves on the revolutionary shale map and absorb most of […]
