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Peak Shale: Is the US Fracking Industry Already in Decline?

Peak Shale: Is the US Fracking Industry Already in Decline? In 2016, lower oil prices led to an overall drop in production for shale companies, which use horizontal drilling and fracking to extract oil and gas from shale formations such as the Marcellus and Permian. This was one of the few relatively positive financial periods for […]

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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 […]

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The Inevitable Oil Supply Crunch

The Inevitable Oil Supply Crunch “The warning signs are there – the industry isn’t finding enough oil.” That’s the start of a new report from Wood Mackenzie, which concludes that a supply gap could emerge in the mid-2020s as demand rises at a time when too few new sources of supply are coming online. By […]

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Is Peak Permian Only 3 Years Away?

Is Peak Permian Only 3 Years Away? The world’s hottest shale basin, the Permian, is leading the second U.S. wave of tight oil production growth and will continue to do so for years to come, all analysts say. However, signs have started to emerge that the relentless intensification of drilling leads to diminishing returns, Simon […]

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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 […]

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A 4.5-Million-Barrel Per Day Oil Shortage Looms: Wood Mackenzie

A 4.5-Million-Barrel Per Day Oil Shortage Looms: Wood Mackenzie A report by Wood Mackenzie has warned the world may face a daily oil shortage of 4.5 million barrels by 2035. The amount represents around half of the global consumption estimate of the International Energy Agency (IEA) for 2016. In other words, a true crisis is looming—and for the moment, […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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