Home » Posts tagged 'us shale industry'
Tag Archives: us shale industry
An Alarming Trend Is Developing In US Shale Oil Production
An Alarming Trend Is Developing In US Shale Oil Production Summary U.S. oil production is currently around ~13 million b/d. But despite the overall meaningful decrease in Lower 48 gas production, associated gas production remains strong. In addition, EIA’s reported weekly NGL production continues to outpace crude production growth. The market still falsely believes that […]
FIRST SHALE OIL DOMINO TO FALL: More to Follow
FIRST SHALE OIL DOMINO TO FALL: More to Follow In a stunning news release, Continental Resources, the largest shale producer in the Bakken, is shutting in most of its production in the region. That is one hell of a lot of output to shut-in as Continental Resources was producing over 200,000 barrels per day in […]
U.S. Shale Faces Largest Ever Drop in Fracking Activity
U.S. Shale Faces Largest Ever Drop in Fracking Activity The Covid-19 crisis combined with the oil price war is about to trigger the largest ever monthly drop in U.S. fracking activity. The Covid-19 pandemic has ravaged global oil demand and, coupled with the extremely low price levels brought on by the wide supply surplus, is […]
U.S. Oil Drilling Grinds To A Halt At Key Shale Hotspots
U.S. Oil Drilling Grinds To A Halt At Key Shale Hotspots Oil and gas production in the United States has peaked and is already in decline. The latest data from the EIA’s Drilling Productivity Report sees widespread production declines across all major shale basins in the country. The Permian is set to lose 76,000 bpd between April […]
Texas Hit Hard By Shale Slowdown
Texas Hit Hard By Shale Slowdown Texas’ economy is perhaps the most vulnerable to oil price swings given its leading role in the country’s oil industry. Recently, as prices have remained low, talk has begun about the outlook for the state’s economy. According to a recent Reuters report, for example, smaller independent oil and gas producers […]
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 […]
Oil Price Correction Triggers Shale Meltdown
Oil Price Correction Triggers Shale Meltdown It was a rough week for the U.S. shale industry. A series of earnings reports came out in recent days, and while some drillers beat expectations, there were some huge misses as well. Concho Resources, for instance, saw its share price tumble 22 percent when it disclosedseveral problems at once. […]
U.S. Shale Is Doomed No Matter What They Do
U.S. Shale Is Doomed No Matter What They Do With financial stress setting in for U.S. shale companies, some are trying to drill their way out of the problem, while others are hoping to boost profitability by cutting costs and implementing spending restraint. Both approaches are riddled with risk. “Turbulence and desperation are roiling the […]
Is US Shale Cannibalizing Itself?
Is US Shale Cannibalizing Itself? U.S. oil production continues to grow, but the shale industry is in the midst of a deceleration as low oil prices and a financial squeeze slow the pace of drilling. The U.S. added 246,000 bpd of fresh supply in April, the latest month for which data solid is available. That put to […]
SHALE STOCK LOSES 99% OF ITS VALUE: Investor Warning For The Future Of The Industry?
SHALE STOCK LOSES 99% OF ITS VALUE: Investor Warning For The Future Of The Industry? If you think the carnage taking place in the shale oil companies is nearly over, you couldn’t be more wrong. I believe the bloodbath in the shale oil stocks has only just begun. Once we see the majority of shale […]
Oil Prices Spike On Shale Slowdown
Oil Prices Spike On Shale Slowdown The collapse of oil prices late last year, along with pressure from shareholders, has led to a slowdown in the U.S. shale industry. The EIA released new monthly data on March 29, which revealed a decline in output of about 90,000 bpd between December and January, evidence that shale drillers slammed […]
Spending Boost Fails To Raise Production In The Permian
Spending Boost Fails To Raise Production In The Permian The U.S. shale industry is gearing up to spend more this year, despite assurances to maintain capital discipline. In the second quarter, shale companies signaled their intention to lift capex. Part of the reason is that costs are on the rise, so some drillers have to […]
Top U.S. Shale Producers Soaring Debt Service Guts Profits
Top U.S. Shale Producers Soaring Debt Service Guts Profits The massive debt accumulated by the U.S. Shale Industry is now decimating company profits. As company debts and interest rates rise, these shale producers interest expense also continues to increase. Debt service is not only cutting into company profits, but it also takes a great deal […]
