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Tag Archives: tight oil
Iraq Shrugs Off Low Prices, Boosts Output To Record Levels
Iraq Shrugs Off Low Prices, Boosts Output To Record Levels Despite oil prices at their lowest levels in five years, Iraq is producing at record levels. For the month of December, Iraq produced nearly 4 million barrels per day, according to Oil Minister Adel Abdul Mahdi, an all-time high for the war-torn country. That is critical for […]
12 Signs That The Economy Is Really Starting To Bleed Oil Patch Jobs
12 Signs That The Economy Is Really Starting To Bleed Oil Patch Jobs The gravy train is over for oil workers. All over North America, people that felt very secure about their jobs just a few weeks ago are now getting pink slips. There are even some people that I know personally that this has […]
One of These Things Is Not Like The Others: IEA’s January Report
One of These Things Is Not Like The Others: IEA’s January Report Remember the Sesame Street song? One of these things is not like the others, One of these things just doesn’t belong, Can you tell which thing is not like the others By the time I finish my song? OK. Which curve on […]
The Scariest Chart For America’s Shale Industry
The Scariest Chart For America’s Shale Industry Back in early November, when we posted “If WTI Drops To $60, It Will “Trigger A Broader HY Market Default Cycle“, it was greeted with the usual allegations of conspiracy theorism, tin-foil hattery and pretty much everything else, except rebutting facts. Two months later, it was none other […]
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 […]
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 […]
Resource Insights: The high cost of low-priced oil
Resource Insights: The high cost of low-priced oil. As a consumer of oil, you may regard recent sharp declines in the world oil price as a blessing. But… If you work in the oil industry, you will not. If you work in the renewable energy industry, you will not. If you work in the energy […]
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 […]
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, […]
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 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) […]
Growth in Global Total Debt sustained a High Oil Price and delayed the Bakken “Red Queen” | FRACTIONAL FLOW
Growth in Global Total Debt sustained a High Oil Price and delayed the Bakken “Red Queen” | FRACTIONAL FLOW. The saying is that hindsight (always) provides 20/20 vision. In this post I present a retrospective look at my prediction from 2012 published on The Oil Drum (The “Red Queen” series) where I predicted that Light Tight Oil […]
The Peak Oil Crisis: A Reality Check Post Carbon Institute
The Peak Oil Crisis: A Reality Check Post Carbon Institute. For the last four or five years, we have been bombarded with a stream of stories about the “shale revolution.” Horizontal drilling and fracking, mostly in the U.S., were said to have released oceans of new oil and a virtually endless supply of natural gas. […]
