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Today’s Contemplation: Collapse Cometh CXCIV–US Peak Shale Oil & Gas: When the Walls Come Tumblin’ Down.
Today’s Contemplation: Collapse Cometh CXCIV–US Peak Shale Oil & Gas: When the Walls Come Tumblin’ Down. Tulum, Mexico (1986). Photo by author. This Contemplation has been prompted by a publication (see summary below) focused upon the apparent peaking of shale oil and gas production within the United States. The commentary on US shale extraction by the natural […]
The Bulletin: December 19-25, 2024
The Bulletin: December 19-25, 2024 The Great Simplification in Action: Building Resilience Through Local Communities Antarctica’s tipping points threaten global climate stability Coal use to reach new peak – and remain at near-record levels for years | Energy industry | The Guardian Homesteading 101: Regenerative Farming and the American Farmer. A Predicament With An Outcome […]
Exxon Becomes King Of Shale With Blockbuster $60 Billion Purchase Of Pioneer
Exxon Becomes King Of Shale With Blockbuster $60 Billion Purchase Of Pioneer Exxon Mobil Corp. is buying Pioneer Natural Resources in an all-stock transaction valued at $59.5 billion, or $253 per share, based on ExxonMobil’s closing stock price on Oct. 5. The supermajor’s largest takeover in more than two decades will make it a dominant producer of […]
Running Out Of Sweet Spots: Shale Growth May Not Materialize
Running Out Of Sweet Spots: Shale Growth May Not Materialize U.S. shale drillers are looking to boost production in the short term Industry data suggests that well depletion is advancing Drillers remain upbeat about the short term forecast for shale oil production During the last shale oil boom when producers were racing to see who […]
Shale’s Debt-Fueled Drilling Boom Is Coming To An End
Shale’s Debt-Fueled Drilling Boom Is Coming To An End The financial struggles of the U.S. shale industry are becoming increasingly hard to ignore, but drillers in Appalachia are in particularly bad shape. The Permian has recently seen job losses, and for the first time since 2016, the hottest shale basin in the world has seen job […]
The U.S. Shale Industry Hit A Brick Wall In 2019
The U.S. Shale Industry Hit A Brick Wall In 2019 The Great U.S. Shale Industry Machine is finally running out of steam. What looked very promising for the shale industry in 2018 seems incredibly bleak this year. And, if the situation doesn’t turn around quickly for the shale industry, 2019 might turn out to be […]
Art Berman: Exposing The False Promise Of Shale Oil
Art Berman: Exposing The False Promise Of Shale Oil Estimates of recoverable oil are proving wildly wrong Art Berman, geological consultant with over 37 years experience in petroleum exploration and production, returns to the podcast this week to debunk much of the hopium currently surrounding America’s shale oil output. Because the US is pinning huge […]
Art Berman: Like It Or Not, The Future Remains All About Oil
Vladimir Yudin | Dreamstime.com iTunes | Google Play | Download | Report Problem Art Berman: Like It Or Not, The Future Remains All About Oil And competition for it is heating up Art Berman, 40-year veteran in the petroleum production industry and respected geological consultant, returns to the podcast this week to talk about oil. […]
Canada’s Largest Shale Play Is Gaining Momentum
Canada’s Largest Shale Play Is Gaining Momentum The National Energy Board of Canada released a resource assessment today, examining the Duvernay Shale of Alberta. Deposited during the Devonian Period, the Duvernay Shale is located throughout central Alberta, running from Grande Prairie almost to Calgary. Located near, and in some locations directly below the Montney, the […]
U.S. Shale’s Most Productive Play May Peak By 2021
U.S. Shale’s Most Productive Play May Peak By 2021 The world’s top shale play, the Permian, has shown remarkable resilience amid the lower-for-longer oil prices. Permian production has grown and should continue its rise into the foreseeable future. Technological advances spurred the rapid rise of the Permian, but as drillers are set to continuously develop […]
Bakken(ND) Light Tight Oil – Update with Sep – 15 NDIC Data
Bakken(ND) Light Tight Oil – Update with Sep – 15 NDIC Data After years of following developments in extraction of light tight oil (LTO) in the Bakken, the oil price, studying actual well production data from the North Dakota Industrial Commission (NDIC) and the SEC 10-Q/Ks filings for several companies heavily exposed to the Bakken, a […]
Once Burned, Twice Shy? Utica Shale Touted to Investors As Shale Drillers Continue Posting Losses
Once Burned, Twice Shy? Utica Shale Touted to Investors As Shale Drillers Continue Posting Losses For the past several weeks, the drilling industry — hammered by bad financial results — has begun promoting its next big thing: the Utica shale, generating the sort of headlines you might have seen five years ago, when the shale […]
Greenwash: Shell May Remove “Oil” From Name as it Moves to Tap Arctic, Gulf of Mexico
Greenwash: Shell May Remove “Oil” From Name as it Moves to Tap Arctic, Gulf of Mexico Shell Oil has announced it may take a page out of the BP “Beyond Petroleum” greenwashing book, rebranding itself as something other than an oil company for its United States-based unit. Marvin Odum, director of Shell Oil’s upstream subsidiary companies in the Americas, told Bloomberg the name Shell […]
Shale sub-prime and the Ides of March
Shale sub-prime and the Ides of March “Sub-prime” is the term by which became known the debt market segment that served low quality housing in the US. Essentially these were products supporting mortgages to low-middle class families, that in 2006/07, up against the simultaneous rise in interest rates and commodities prices, produced a wave of […]
