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Tag Archives: shale oil
Does Chevron know exactly what shale oil and gas are worth?
Does Chevron know exactly what shale oil and gas are worth? Welcome to the bidding war that didn’t happen. The decision last week by international oil giant Chevron Corp. to leave its takeover bid for shale oil and gas-heavy Anadarko Petroleum Corp. unaltered in the wake of a higher offer from rival bidder Occidental Petroleum Corp. surprised […]
LOUSY SHALE ECONOMICS: Financial Troubles Continue At ExxonMobil
LOUSY SHALE ECONOMICS: Financial Troubles Continue At ExxonMobil After reporting lower than expected earnings, ExxonMobil’s stock price sold off on Friday. The company blamed poor performance on reduced production volumes and a weaker oil price. However, the real culprit will turn out to be Exxon’s big move into the Great U.S. Shale Oil Ponzi Scheme. […]
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 […]
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 BLOODBATH IN U.S. SHALE STOCKS CONTINUES: Worst Is Yet To Come
THE BLOODBATH IN U.S. SHALE STOCKS CONTINUES: Worst Is Yet To Come Have you noticed the absolute carnage taking place in the U.S. shale oil stocks? It seems as if Wall Street and investors are finally growing weary of an industry that hasn’t made money in the past decade. Unfortunately, it took a longer than […]
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 Companies In Turmoil As Newer Wells “Drink Their Milkshake”
Shale Companies In Turmoil As Newer Wells “Drink Their Milkshake” US shale companies’ decision to drill thousands of new wells closely together – and close to already existing wells – is turning out to be a bust; worse, this approach is hurting the performance of wells already in existence, posing an even greater threat to the already struggling […]
Fracking the World: Despite Climate Risks, Fracking Is Going Global
Fracking the World: Despite Climate Risks, Fracking Is Going Global The U.S. exported a record 3.6 million barrels per day of oil in February. This oil is the result of the American fracking boom — and as a report from Oil Change International recently noted — its continued growth is undermining global efforts to limit climate change. The Energy Information Administration predicts U.S. oil production will […]
The Bakken Hit A New Record In 2018, But It’s A Bad Sign For The Industry
The Bakken Hit A New Record In 2018, But It’s A Bad Sign For The Industry The insanity continues in the United States second largest shale oil field as the fundamental economics go from bad to worse. While it is true that the shale industry doesn’t look as dire as it did back in 2016 […]
Bethany McLean: Saudi America
Bethany McLean: Saudi America The truth about fracking & how it’s changing the world by Adam TaggartFriday, March 1, 2019, 3:37 PM For years now we’ve been covering the false promise of the American shale oil “miracle”. Yes, it has extracted a lot more oil out of American soil that most thought possible. But at an […]
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 […]
EXXONMOBIL U.S. OIL & GAS FINANCIAL TRAIN-WRECK: Producing Shale Is Destroying Its Bottom Line
EXXONMOBIL U.S. OIL & GAS FINANCIAL TRAIN-WRECK: Producing Shale Is Destroying Its Bottom Line The United States largest oil company, ExxonMobil, is facing a financial train-wreck in its domestic oil and gas sector. And, the majority of the blame can be attributed to Exxon’s move into shale. After Exxon acquired XTO Energy in 2009, a […]
A Survival Guide For 2019
A Survival Guide For 2019 How to safely navigate the ‘Year Of Instability’ As the first month of the year concludes, it’s becoming clear that 2019 will be a very different kind of year. The near-decade of ‘recovery’ following the Great Financial Crisis enjoyed a stability and tranquility that suddenly evaporated at the end of […]
Has U.S. shale oil entered a death spiral?
Has U.S. shale oil entered a death spiral? The bad news coming out of the shale oil fields of America could all be put down to slumping oil prices. That is certainly a big factor. But as investment professionals like to say, when the tide goes out, we all find out who’s been skinny-dipping. The […]
U.S. SHALE OIL INDUSTRY: Not In The Business To Make Money, But To Take Money
U.S. SHALE OIL INDUSTRY: Not In The Business To Make Money, But To Take Money The U.S. Shale Oil Industry has been a financial trainwreck since day one. And, with nearly $300 billion in public and private debt racked up by the shale industry since its inception, that hasn’t stopped investors from throwing good money after […]
