Home » Posts tagged 'us shale oil' (Page 4)
Tag Archives: us shale oil
Permian Growth Is Reaching Its Limits
Permian Growth Is Reaching Its Limits The Permian isn’t just suffering from a bottleneck for oil, but also for natural gas. In 2016, for instance, gas flows leaving the Permian typically clocked in at about 3.6 billion cubic feet per day (Bcf/d), according to S&P Global Platts. That number has ballooned to 6.3 Bcf/d as […]
This Federal Policy Enabled the Fracking Industry’s $280 Billion Loss
This Federal Policy Enabled the Fracking Industry’s $280 Billion Loss Most people probably aren’t familiar with the acronym ZIRP. It stands for zero interest rate policy and is the policy that unintentionally created the American fracking bubble — just one of its many consequences. And while most people may not know much (if anything) about ZIRP […]
The efficiency of US shale oil drilling and production
The efficiency of US shale oil drilling and production Posted on May 14, 2018 by Euan Mearns In my recent Oil Production Vital Statistics post, commenter rjsigmund posted a link to this EIA update on shale oil production efficiency which in my opinion contains some astonishing data on how the industry has drilled better and […]
Skeptic Geologist Warns: Permian’s Best Years Are Behind Us
Skeptic Geologist Warns: Permian’s Best Years Are Behind Us Geologist Arthur Berman, who has been skeptical about the shale boom, warned on Thursday that the Permian’s best years are gone and that the most productive U.S. shale play has just seven years of proven oil reserves left. “The best years are behind us,” Bloomberg quoted […]
The Future Of U.S. Oil Relies On A Single Play
The Future Of U.S. Oil Relies On A Single Play U.S. oil production recently broke another record, jumping to 10.619 million barrels per day (mb/d) in the last week in April, and the sky seems to be the limit for U.S. shale drillers. However, the fate of U.S. oil, and ultimately a large slice of […]
Saudi Arabia’s $100 Oil Dilemma
Saudi Arabia’s $100 Oil Dilemma Saudi Arabia is rumored to want oil prices at $100 per barrel, but if prices rise that high, it could sow the seeds of the next downturn. Saudi officials want more revenues for their budget and a higher oil price to bolster the valuation of the Aramco IPO. But that […]
U.S. Shale’s Dirty Secret
U.S. Shale’s Dirty Secret U.S. shale is surging, threatening to take even more market share away from OPEC. But the prospect of U.S. oil edging out barrels from the Middle East is not nearly as simple as it might seem. Oil coming from the major shale plays in the U.S. is light and sweet, while […]
Glut Or Deficit: Where Are Oil Markets Headed?
Glut Or Deficit: Where Are Oil Markets Headed? A flurry of recent oil market forecasts have sent a lot of mixed messages about what to expect both in the near-term and over the next several years. Is U.S. shale about to flood the market, setting off another bust? Or is demand so strong that with […]
New U.S. Record-Level Oil Production! Peak Oil Theory Disproven! Not.
New U.S. Record-Level Oil Production! Peak Oil Theory Disproven! Not. Well, I’m amazed and impressed. Tight oil production has pushed total United States petroleum output to more than 10 million barrels a day, a rate last seen almost a half-century ago. It’s a new U.S. record. Fifteen years ago I was traveling the world with […]
EIA’s Shocking U.S. Oil Production Predictions
EIA’s Shocking U.S. Oil Production Predictions Between 2010 and 2015, annual oil production in the U.S. grew by four million barrels per day (BPD). Production dipped in 2016, but then U.S. crude oil production again rose by 1.2 million BPD between January and December 2017, to levels that haven’t been seen since the early 1970s. […]
Oil Prices: Collapse Now, Spike Later
Oil Prices: Collapse Now, Spike Later Oil prices closed out the week sharply down, wiping out all the gains posted since the start of the year. Surging U.S. shale production, along with broader financial turmoil, has clearly put an end to the bullish mood in the oil market. U.S. shale struck several blows against oil […]
U.S. Shale Companies Are Ready To Expand
U.S. Shale Companies Are Ready To Expand The latest oil rally, which sees crude trading at close to its highest point in three years, is sufficient to garner considerable attention from market pundits, industry insiders and investors alike. It has raised the ugly specter of a sharp uptick in U.S. oil production driven by the […]
Oil Prices Tank As U.S. Drillers Add Massive Number Of Rigs
Oil Prices Tank As U.S. Drillers Add Massive Number Of Rigs As if the recent nosedive that oil prices have taken in the last few days wasn’t bad enough—Baker Hughes reported a staggering increase to the number of rigs. The number of active oil and gas rigs increased by 29 to Baker Hughes data. This […]
Party On, Dudes
Party On, Dudes As of this week, the shale oil miracle launched US oil production above the 1970 previous-all-time record at just over ten million barrels a day. Techno-rapturists are celebrating what seems to be a blindingly bright new golden age of energy greatness. Independent oil analyst Art Berman, who made the podcast rounds the […]
Future U.S. Oil Production Will Collapse Just As Quickly As It Increased
Future U.S. Oil Production Will Collapse Just As Quickly As It Increased While U.S. oil production reached a new peak of 10.25 million barrels per day, the higher it goes, the more breathtaking will be the inevitable collapse. Thus, as the mainstream media touts the glorious new record in U.S. production that has both surpassed […]
