Home » Posts tagged 'shale oil industry'
Tag Archives: shale oil industry
The Wave Of Shale Well Closures Has Finally Begun
The Wave Of Shale Well Closures Has Finally Begun U.S. shale oil producers have so far held up admirably, hanging on for dear life amidst the biggest oil demand collapse in history. American producers continued to pump at record highs in March, even after dozens of drillers laid out blueprints to limit production. But with U.S. storage […]
The Shale Suffering Has Only Just Begun
The Shale Suffering Has Only Just Begun A few weeks before the summer driving season begins, U.S. gasoline consumption has plummeted to levels last seen in the late 1960s, due to the lockdowns to contain the spreading of the coronavirus. With demand for motor fuel plunging, refiners are cutting crude processing, and crude oil storage […]
Only 5 Shale Drillers Are Still Profitable At $31 Oil
Only 5 Shale Drillers Are Still Profitable At $31 Oil Most shale oil wells drilled in the United States are unprofitable at current oil prices, Rystad Energy has warned. The Norwegian consultancy said, as quoted by Bloomberg, that drilling new wells would be loss-making for more than 100 companies. Just five shale drillers—Exxon, Chevron, Occidental, and Crownquest—can […]
The Great American Shale-Oil Bust Turns into Massacre
The Great American Shale-Oil Bust Turns into Massacre Shares of shale oil drillers collapsed by 25%-50% today. Their bonds got massacred. Saudi-Russia price-war strategy appears successful in wiping out investors in the US shale-oil sector. It was so chaotic and brutal in the crude oil market today that the EIA, which is part of the […]
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 […]
Shale oil becomes shale fail (and a nice subsidy for consumers)
Shale oil becomes shale fail (and a nice subsidy for consumers) I’m tempted to say the following to the writers of two recent pieces (here and here) outlining the continuing negative free cash flow of companies fracking for oil in America: “Tell me something I don’t already know.” But apparently their message (which has been […]
U.S. SHALE OIL INDUSTRY: Catastrophic Failure Ahead
U.S. SHALE OIL INDUSTRY: Catastrophic Failure Ahead While the U.S. Shale Industry produces a record amount of oil, it continues to be plagued by massive oil decline rates and debt. Moreover, even as the companies brag about lowering the break-even cost to produce shale oil, the industry still spends more than it makes. When we add […]
VIDEO: John Oliver Urges Us to Wake Up to How Big Oil Is Killing People and Destroying North Dakota
VIDEO: John Oliver Urges Us to Wake Up to How Big Oil Is Killing People and Destroying North Dakota In another informative and funny segment of HBO’s “Last Week Tonight,” John Oliver explores what has happened to North Dakota since the starts of its oil boom.
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 […]
The American Consumer Calls The Top – The Automatic Earth
The American Consumer Calls The Top – The Automatic Earth. Hey! Who said economics can’t be fun?! How is it not absolutely brilliant that in the face of a collapsing shale oil industry – or at least, for the moment, of its financing model -, and the worst week for the Dow since 2011, the […]
