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Shale Is In A Deep State Of Flux
Shale Is In A Deep State Of Flux Oil prices are rising to their highest level in months, with WTI having topped $60 per barrel, but the U.S. shale industry is still showing signs of strain. “This is a cycle in our industry where only the large well-capitalized companies can grow. Small companies without access […]
Aramco’s Mythical Ghawar Field Could Be Its Weak Spot
Aramco’s Mythical Ghawar Field Could Be Its Weak Spot Some of the most secretive, highly-anticipated details about the Saudi oil industry have just been released. Saudi Aramco is preparing to launch a major bond issuance to purchase the Saudi petrochemical company Sabic, a process that required a detailed prospectus on the company. As part of that review, […]
Oil Prices Spike On Shale Slowdown
Oil Prices Spike On Shale Slowdown The collapse of oil prices late last year, along with pressure from shareholders, has led to a slowdown in the U.S. shale industry. The EIA released new monthly data on March 29, which revealed a decline in output of about 90,000 bpd between December and January, evidence that shale drillers slammed […]
The Oil Industry Faces A ‘Crisis Of Confidence’
The Oil Industry Faces A ‘Crisis Of Confidence’ The oil industry is starting to feel the pressure of climate change. Oil executives, by and large, have not been swayed to change their business practices despite years of warnings about the climate crisis. However, they are beginning to listen to shareholders who are demanding change, while […]
Oil Prices To Skyrocket If U.S. Shale Stalls
Oil Prices To Skyrocket If U.S. Shale Stalls A collapse of production in Venezuela, aggressive production curtailments from OPEC+, relatively strong demand and an economy humming along – and oil prices are still sharply below the highs seen last year. To be sure, oil has bounced just about to the highest level since November, and […]
Be Wary Of Unrealistic Shale Growth Expectations
Be Wary Of Unrealistic Shale Growth Expectations U.S. shale drillers are facing a serious problem: Their wells are not producing as much oil and gas as they had anticipated. When facing shareholder scrutiny, shale drillers have countlessly hyped the litany of technological breakthroughs, efficiency gains and innovative drilling techniques. Indeed, production from U.S. E&Ps has […]
Shale Growth Is Nearing An Inflection Point
Shale Growth Is Nearing An Inflection Point Drilling activity has plateaued in much of the U.S., with the rig count zig-zagging well below the peak from last November. The rig count often rises and falls in response to oil prices, but on a several-month lag. It takes some time before oil companies make drilling decisions […]
Wall Street Loses Faith In Shale
Wall Street Loses Faith In Shale To Wall Street, the shale industry has lost a lot of its allure. A decade’s worth of promises have failed to materialize, and Big Finance is cutting some of its ties with smaller shale drillers who have not delivered. The Wall Street Journal reports that the shale industry only saw $22 […]
Shale Pioneer Hamm: Output Growth Could Fall By 50%
Shale Pioneer Hamm: Output Growth Could Fall By 50% U.S. shale production growth could slow by as much as half this year, according to one industry titan. Continental Resources’ Harold Hamm said that shale growth could decline by as much as 50 percent this year compared to 2018, although he added that it was just […]
U.S. Oil Outlook Slammed By Lower Prices
U.S. Oil Outlook Slammed By Lower Prices The recent slide in oil prices may finally start impacting U.S. oil production forecasts. The plunge in oil prices in November and December spread gloom around the industry. Comments from anonymous oil executives in a survey from the Federal Reserve Bank of Dallas from earlier this month clearly […]
Oil Markets Could See Deficit In 2019
Oil Markets Could See Deficit In 2019 The oil supply surplus is “starting to reverse,” according to a new report from Bank of America Merrill Lynch. The investment bank noted that oil prices had collapsed in late 2018 not only because of an oversupply problem, but also because of other “non-fundamental factors,” including the selloff […]
Another Crucial Canadian Pipeline Runs Into Trouble
Another Crucial Canadian Pipeline Runs Into Trouble Late last year, Royal Dutch Shell gave the greenlight to a massive LNG export terminal on Canada’s Pacific Coast, one of the largest investments in LNG in years. But like other fossil fuel projects in Canada, the plans have run into some trouble. Shell’s LNG Canada project hinges […]
Darkening Outlook For Global Economy Threatens Crude
Darkening Outlook For Global Economy Threatens Crude “The outlook for the global economy in 2019 has darkened.” That conclusion came from a new report from the World Bank, citing a variety of data, including softening international trade and investment, ongoing trade tensions, and financial turmoil in emerging markets over the past year. “Storm clouds are […]
Evidence Mounts For Shale Slowdown
Evidence Mounts For Shale Slowdown There is a growing pile of evidence pointing to a slowdown in the U.S. shale industry, as low prices take their toll. The rate of hydraulic fracturing began to decline in the last four months of 2018, a sign that U.S. shale activity began to slow even before the plunge […]
New Data Suggests Shocking Shale Slowdown
New Data Suggests Shocking Shale Slowdown U.S. shale executives often boast of low breakeven prices, reassuring investors of their ability to operate at a high level even when oil prices fall. But new data suggests that the industry slowed dramatically in the fourth quarter of 2018 in response to the plunge in oil prices. A […]
