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updated Mon. April 2, 2018

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U.S. shale drillers have locked in higher prices for almost half of the oil they plan to pump this year, with oil hedges climbing above the historical average as producers take advantage of $60 a barrel oil. After the fourth quarter, U.S. oil companies increased their 2018 oil hedges to 48 percent, up from 30 ...
Oil prices reversed earlier gains in choppy trade on Tuesday, falling as American shale oil output surged and the U.S. stock market pulled back. A government forecast on Monday showed U.S. shale oil output is expected to rise to a record 6.95 million barrels per day in April. Libya said loadings of crude oil ...

U.S. shale oil output will hit nearly 7 million barrels a day next month, the Energy Information Administration forecasts. Output from seven shale regions will grow by 131,000 barrels a day, driven by gains in the Permian Basin in Texas and New Mexico. The forecast comes on the heels of the CERAWeek ...
Nutrient-rich volcanic ash may have fed similar dead zones that produced shale oil and gas fields from Texas to Montana. ... The rock record gets more incomplete as you go further back in time, but in terms of other U.S. shales, the Marcellus in Pennsylvania was laid down more than 400 million years ago ...
The biggest event of the oil and energy calendar, the CERAWeek, often dubbed as the annual pilgrimage of the industry was held last week in Houston. Industry leaders, policy makers, ministers, CEOs of energy majors, all were in attendance, endeavouring to decipher the mood of the industry and its future ...
U.S. shale drillers should pump another 131,000 barrels a day from six major plays this month, with the bulk of that coming from Texas' Permian Basin and Eagle Ford Shale, the Energy Department said Monday. The Energy Information Administration projected that West Texas oil producers in the Permian ...
Shale output at seven major U.S. oil and gas plays will climb by 131,000 barrels per day next month to hit a 6.954 million bpd according to a new report by the Energy Information Administration (EIA) on Monday. The Permian Basin, in New Mexico and Texas, will see the biggest climb, the data shows.
Better days ahead, as industry sits on brink of recovery · ShaleTech: Marcellus/Utica Shales · Turbodrills reduce well time and deliver lower cost per foot in hard and abrasive formations · A landmark year for the oil and gas industry · Geo-engineered completions improve recovery in unconventionals.
Shale crude-oil production from seven major U.S. oil plays is expected to see a climb of 131,000 barrels a day in April to 6.954 million barrels a day, according to a report from the Energy Information Administration released Monday. Oil output from the Permian Basin, which covers parts of western Texas ...
Saudi Arabia has big gas plans, with Aramco eyeing a twofold increase in its natural gas production over the next ten years as it seeks to switch local power plants to gas from oil, so it can export more crude. This gas, apparently, could come from shale deposits. The World Energy Council estimates that ...
A number of policy makers and scientists expect increased shale gas production to both reduce gas prices and lower greenhouse gas emissions. By replacing coal in electricity generation, shale gas has already contributed substantially to the observed 11% reduction in US greenhouse gas emissions since ...
Saudi Arabia's gas resources from shale and other alternative supplies are "huge," Khalid Al Abdulqader, general manager of unconventional resources at Aramco, said Wednesday in Manama, Bahrain. Production at the kingdom's North Arabia basin will start by the end of March and reach its target by the ...
Shale oil pioneer Mark Papa warns that forecasts for U.S. production growth are overly optimistic. Papa says drillers in two major Shale regions have burned through their best assets, and shareholders are pressuring companies to spend less money. The burden of meeting growing oil demand will fall on ...
U.S. oil production has surged to an all-time high, above 10 million barrels a day, driven by growth from America's shale fields. Despite the achievement, investors still worry about the prospects for shale drillers, who use expensive advanced technology to produce oil. The question of U.S. shale growth may ...
Oil States International Inc. (NYSE: OIS) is expanding its well completions business in key U.S. shale plays with an $85 million acquisition of Falcon Flowback Services LLC, the Houston-based company said Feb. 28. The acquisition comes as oilfield service M&A continues to heat up providing the industry ...
(Fresh throughout, adds details on auction, previous tenders and background) By Adriana Barrera MEXICO CITY, March 1 (Reuters) - MEXICO will auction development rights to shale blocks in September, marking the first time the country has offered private oil companies the chance to develop the resource, ...

Not long ago, technological advancements led to the rise of U.S. shale. A significant increase in U.S. shale oil and shale gas production not only allowed the United States to reduce its oil import dependency but also influenced international oil prices. This may be good news from a consumer perspective, ...
America's role in the global oil market was flipped on its head in 2017. As shale producers cranked out more and more crude, the U.S. relied less and less on some of its traditional sources of oil. At the same time, exports of crude, gasoline and other refined fuels surged higher than ever before. shale Surge
Range (NYSE: RRC) acquired more than 600 wells of Memorial Resource Development Corp. in a $4.2 billion all-stock deal that was helping it expand beyond Pennsylvania, where Range is one of the state's largest drillers. But Range executives acknowledged challenges in a conference call Wednesday ...
U.S. oil production reached a record high in November as the shale boom puts the nation among the world's biggest suppliers and upends global markets. Once the world's largest importer of crude, the U.S. is passing Saudi Arabia and closing in on Russia to become the world's largest producer. Oil prices ...
Fracing, or hydraulic fracturing, loosens hydrocarbons from shale by blasting water, sand and chemicals underground. Since December 2016, Oklahoma officials have counted 74 earthquakes of at least 2.5 magnitude that may be linked directly to fracing, said Matt Skinner, a commission spokesman, in an ...
Not long ago, technological advancements led to the rise of U.S. shale. A significant increase in U.S. shale oil and shale gas production not only allowed the United States to reduce its oil import dependency but also influenced international oil prices. This may be good news from a consumer perspective, ...
While the oil boom continues into 2018, investors who got into shale in time for the jump are anxious about their future payout - a payout that doesn't seem to be coming any time soon. The shale patch keeps producing huge amounts of oil, yet only a few drillers seem to churn out a profit. Investors are ...
"The comments from the IEA head about the pace of U.S. shale growth might have taken the wind out of the bull's sails," said John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund. Heftier stockpiles and a slide in refiner demand "should end up being a bearish factor for the market as ...
Shale drillers have squeezed more oil out of a given well over the past few years by becoming more efficient in their drilling operations. But the industry is still scaling up, and Shale executives are now throwing around buzzwords such as "cube development" and "supersizing," referring to the massive ...
U.S. shale production growth has outperformed even the most bullish forecasts, forcing OPEC and the International Energy Agency (IEA) to revise up American supply growth projections month after month. The U.S. Energy Information Administration (EIA) also expects shale/tight oil to continue to grow in all possible ...
Two sources from Asian refiners said that Aramco had talked with them about their interest in U.S. crude shipments, indicating the Saudi oil company was considering ways of getting in on the shale oil boom that is increasingly being referred to as a second shale revolution. Aramco's Motiva operates the ...
Most U.S. shale producers have failed for years to turn a profit with the increased output, frustrating their financial backers. The energy sector has lagged the rally that took the broader stock market to record highs. investors are searching for firms that can find the optimal balance between the conflicting ...
Higher oil and gas production, better commodity prices and continued progress cutting costs and debt contributed to Chesapeake Energy's beat. Shares of Chesapeake had fallen nearly 57 percent over the last year as the company reckoned with low natural gas and oil prices after years of borrowing ...
DUCs are a climbing and major shale oil companies have boosted capex to grow production. Activity in the Permian Basin is expanding at a significant pace. The Permian Basin has spare productive capacity that is second only to Saudi Arabia. Predicting the price of oil has become something akin to ...
The article explains why U.S. shale producers are not the "new swing producers" and why U.S. shale will contribute to future price instability. The long-term bullish oil thesis has always been the decline in conventional oil fields from years of inadequate capex spending. 2018 and 2019 will start to get more ...
Three years ago, the US shale oil boom appeared to be over, apparently starved to death when OPEC flooded the market with cheap oil. As prices plummeted from over $100 (€81) to $40 a barrel, shale oil production -- the drilling and hydraulic fracturing (fracking) of unconventional oil deposits found in ...
BHP sees faster shale sale in race to exit $10-billion unit (2/20). Most Read; Most Commented. Better days ahead, as industry sits on brink of recovery · ShaleTech: Marcellus/Utica shales · Turbodrills reduce well time and deliver lower cost per foot in hard and abrasive formations · Healthy boost in activity ...
traders looking to ship shale oil economically to Asia can bring smaller cargoes from around The Americas to fill up a supertanker in the Caribbean for the long journey. Rising U.S. crude supply could offset the lack of Venezuelan oil stored at these Caribbean facilities, Sandy Fielden, director of research ...
Higher natural gas prices will provide a significant boost to Pennsylvania's shale gas impact fee collections this year, according to projections released Wednesday by the state Independent Fiscal Office. Payments by shale gas companies are expected to be $46 million more than last year, when impact fee ...
The milestone comes weeks after the International Energy Agency said the U.S. is poised for "explosive" growth in oil output that would push it past Saudi Arabia and Russia this year. New drilling and production techniques have opened up billions of barrels of recoverable U.S. oil in shale rock formations in ...
Continental Resources CEO Harold Hamm says North Dakota's Bakken shale has bounced back "stronger than ever" from a dip in production during an oil price slump. Some critics say the best days are behind the Bakken, one of several major U.S. shale oil and gas regions. technological improvements ...
The surge in U.S. shale oil and gas output in recent years has slashed America's reliance on imported energy, threatening the market share of the Organization of Petroleum Exporting Countries and the group's biggest member, Saudi Arabia. OPEC's Saudi-led drive to squeeze rival producers by opening ...
Houston -- Exxon Mobil announced on Tuesday that it would triple its oil and gas production in the nation's hottest shale field by 2025 in the newest sign that the boom in national crude production is gaining momentum. The company cited the recent reduction in the corporate tax rate as one reason for its ...
Echoing the criticism of too much hype surrounding U.S. shale from the Saudi oil minister last week, a new report finds that shale drilling is still largely not profitable. Not only that, but costs are on the rise and drillers are pursuing "irrational production." Riyadh-based Al Rajhi capital dug into the financials of ...
Maintaining production in the shale business is getting increasingly costly because new wells in major US shale plays are falling short of output from the parent wells. A study of 10 major US basins by Schlumberger (SPE 189875) found that while the parent and child wells looked comparable at first ...
"Leave us alone and leave all these issues. We had enough of shale oil and talks of shale. Please talk about anything else," Saudi oil minister Khalid al-Falih said in Davos, snapping at reporters. Al-Falih has clearly become annoyed at all the pestering from reporters and market analysts about the prospect ...
Longer laterals reduce cost--now down to $750 per foot of lateral for Eclipse Resources Corp. (NYSE: ECR), which completed a record-setting 20,800-ft Utica shale lateral in Guernsey County, Ohio, during third-quarter 2017. Lateral length dominated third-quarter 2017 earnings calls for Appalachian E&Ps ...
According to the IAE's latest forecast, US oil production will continue its growth this year, driven largely by the country's ongoing shale oil boom. According to IAE analysts, US growth will take place against a background of stabilizing oil prices, which recently hit their highest level in over three years.
The Alliance for Aquatic Resource Monitoring and Protect Penn-Trafford will hold a shale Gas Stream Monitoring Workshop on Feb. 24 for residents in Penn Township and Trafford Borough. The water monitoring group will hold another workshop in Allegheny County later this year. The Feb. 24 workshop is ...
Among the fears that grip today's oil markets, nothing is as strong as the uncontrollable rise of U.S. shale production. While OPEC and its partners have managed to push oil prices back to three-year highs, soaring U.S. shale production looms over markets, threatening to change the global energy market for ...
The concern relates to the old thesis by shale skeptics that U.S. oil production is getting "too light." There are claims that much of the U.S. production growth is driven by "condensate" which cannot meet refiners' needs. While production growth looks very strong on paper, the argument goes, "crude proper" ...
The fire was in the vertical drilling stage that happens before horizontal drilling and fracking can take place. It burned for much of the day after an initial blast at 8:45 a.m. on Monday because part of the blowout preventer appears to have failed, which allowed gas to continue feeding the fire, local officials ...
A halt has been called to an attempt by Canada's biggest oil refinery to avoid looming pipeline cost increases for switching Canadian East Coast natural gas markets over to imports from the United States. The National Energy Board (NEB) rejected, as "premature," a discounted toll "load retention service" ...


 

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