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Why Isn’t U.S. Shale Production Soaring?
Why Isn’t U.S. Shale Production Soaring? With oil prices threatening to break $100 this year, many observers are confused by the lack of a U.S. shale boom. The major reason that U.S. shale companies are reluctant to boost production at all costs is that they need to keep shareholders happy first and foremost. Other issues […]
Daily on Energy: Texas debates mandating oil production cuts
Daily on Energy: Texas debates mandating oil production cuts TEXAS DEBATES PRODUCTION CUTS: Texas can lead in producing a “real” U.S. oil production cut to save the shale industry, Scott Sheffield, CEO of Pioneer Natural Resources, argued Tuesday in calling for the state to take action to force companies to hold back their production for the first […]
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 […]
More Than 50% Of The Mighty Permian’s 2018 Oil Production Has Vaporized
More Than 50% Of The Mighty Permian’s 2018 Oil Production Has Vaporized As dark clouds gather on the financial horizon, big trouble is brewing in the U.S. Shale Oil Industry. While most Americans are focused on the Mainstream media’s coverage of the ongoing Washington D.C. circus, the real threat to the domestic economy lies in […]
Shale Growth Could Slow On Oil Price Meltdown
Shale Growth Could Slow On Oil Price Meltdown Can the U.S. shale boom continue if WTI stays mired below $50 per barrel? Much has been made about the dramatic cost reductions that shale drillers have implemented over the past few years, with impressive breakeven prices that should ensure the drilling frenzy continues no matter where […]
U.S. Shale’s Glory Days Are Numbered
U.S. Shale’s Glory Days Are Numbered There are some early signs that the U.S. shale industry is starting to show its age, with depletion rates on the rise. A study from Wood Mackenzie found that some wells in the Permian Wolfcamp were suffering from decline rates at or above 15 percent after five years, much […]
The Fracking Industry Is Cannibalizing Its Own Production, Increasing Spill Risks
The Fracking Industry Is Cannibalizing Its Own Production, Increasing Spill Risks In the climactic final scene in There Will Be Blood — arguably the greatest movie about the oil industry — the main character played by Daniel Day Lewis explains how he sucked the oil from a neighbor’s land by using horizontal drilling. To help his neighbor […]
U.S.-China Trade War Will Hurt Shale Drillers
U.S.-China Trade War Will Hurt Shale Drillers President Trump is back on his warhorse called Tariffs, yesterday announcing he was considering the introduction of a 10-percent levy on Chinese goods worth US$200 billion. The latest escalation in the tariff exchange, however, is a little bit different than all the others so far. It’s different because […]
Shale Bottlenecks Could Send Oil Prices Higher
Shale Bottlenecks Could Send Oil Prices Higher Amid reports that OPEC will likely decide to start easing production quotas after June 22 and an IEA forecast that electric vehicles will displace 2.5 million bpd in crude oil demand by 2030, some analysts remain upbeat about the future of oil prices, citing transport constraints in the […]
Frac Sand Shortage Threatens Shale Boom
Frac Sand Shortage Threatens Shale Boom Higher drilling costs could threaten the recent surge in United States shale production. Halliburton said last week that its earnings could be negatively impacted because of bottlenecks related to the supply of frac sand used in shale drilling. The Wall Street Journal reported that Halliburton’s shares were briefly halted […]
OPEC Reports Lowest Oil Output In Six Months; Fears Shale Production Surge
OPEC Reports Lowest Oil Output In Six Months; Fears Shale Production Surge True to its perpetually optimistic form, OPEC, which last month for the first time conceded the threat posed by rising US shale production… … sharply raised its demand forecast for cartel oil in 2018, ahead of the OPEC meeting at the end of […]
US shale oil peak in 2015
US shale oil peak in 2015 The recent EIA drilling productivity reports show a peaking of shale oil production in the main production regions. https://www.eia.gov/petroleum/drilling/ Fig 1: Bakken production change from old/new wells The 1st panel shows that the number of drilling rigs has dropped sharply but the initial well production per rig has increased from […]
This Is Why A Serious Decline In U.S Shale Plays Is Not Far Away
This Is Why A Serious Decline In U.S Shale Plays Is Not Far Away The plunge in oil prices last year led many to say that a decline in U.S. oil production wouldn’t be far behind. This was because almost all the growth in U.S. production in recent years had come from high-cost tight oil […]
Petroleum Truth Report: David Hughes Weighs In on The Fracking Fallacy Debate
Petroleum Truth Report: David Hughes Weighs In on The Fracking Fallacy Debate. In the current debate about the Nature article “The Fracking Fallacy,” the discussion has focused on estimates of cumulative production of shale gas plays by the Energy Information Administration (EIA) and The Bureau of Economic Geology at the University of Texas (UT/BEG). David Hughes provides another estimate in […]
