Tag: oil drilling

Commercialization, Conventional Fuels

Is Another Oil Price Spike Likely?

June 12, 2020

Via: Forbes

The crash in oil prices and collapse in drilling (especially in the U.S. shale sector) has caused many observers to warn that insufficient investment will lead to another supply shortfall and price spike. This is certainly possible but fears that […]

Chemical, Conventional Fuels, News and Policies, U.S.

Life Outside The Permian: New Report Shows Other U.S. Crude Oil Basins Stagnating

February 24, 2020

Via: Forbes

A new report from Enverus (formerly Drillinginfo) tells a now-familiar story for U.S. producers drilling for oil and gas in basins outside of the Permian: A focus on cutting costs, increasing efficiencies and prioritizing drilling for oil over natural gas. […]

Chemical, Conventional Fuels

Here’s What Is Really Happening In The Permian Basin

August 8, 2019

Via: Forbes

What we’re seeing is that [Permian Basin] wells drilled this year are continuing the trend of being better than they were the year before, across the whole Permian – the New Mexico Permian and the Texas Permian. Average per-well peak […]

Chemical, Conventional Fuels

Technology Is A Huge Driver Of The U.S. Oil And Gas Boom

March 25, 2019

Via: Forbes

In the world of oil and natural gas, engineers, geologists, and drilling and production departments tend to get the lion’s share of the credit when good things happen, and most of the blame when they don’t. That’s fair, given the […]

Commercialization, Conventional Fuels

Side Effect of Rising Oil Drilling: Indigestion for Gas Frackers

June 13, 2018

Via: WSJ Business

Higher oil prices are helping many American shale drillers. But they are hurting companies that frack for natural gas. As companies respond to rising oil prices by drilling more for it, they often unearth gas as a byproduct. That has […]

Commercialization, Conventional Fuels, News and Policies, U.S.

Trump’s offshore oil bonanza

January 9, 2018

Via: Petroleum Economist

The administration has proposed a sweeping opening of America’s waters to oil drilling. But politics and industry realities will rein in the ambitions The Trump administration has rolled out its first five-year offshore lease plan, a highly ambitious programme that […]

News and Policies, State

Alaskan Oil Zombie Roams The Capitol

December 26, 2017

Via: Forbes

After nearly 50 failed attempts over 40 years, the United States Senate, specifically one maverick Senator from Alaska whose vote the leadership badly needed for the new tax Act, adorned it with a particularly bad idea. It authorized oil-drilling leases […]

Chemical, Conventional Fuels

Latest Threat to U.S. Oil Drillers: Sand

March 24, 2017

Via: WSJ

The market for sand—a key ingredient in fracking—is surging once again as U.S. oil production rebounds, and the rising price of the tiny grains threatens to cut into energy companies’ profits. Now that crude oil is selling for just less […]

Chemical, Conventional Fuels

Fewer imports, higher refinery runs prompted lower US crude oil inventories

June 30, 2016

Via: American Energy News

US Energy Information Administration data Wednesday showed that a reduction in US crude oil imports and an increase in refinery utilization pulled more crude out of storage during the latest reporting week, according to S&P Global Platts. US commercial crude oil […]

Chemical, Conventional Fuels

Coming Oil Supply Shortage: Do We Have Enough Equipment And Manpower To Complete The DUCs

June 21, 2016

Via: Forbes

Coming on the heels of the last few articles about DUCs (drilled uncompleted wells) another discussion that is beginning to occur between analysts and companies is the shortage of equipment and manpower. Since pricing began to slide in 2014 over […]

Chemical, Conventional Fuels

Turning to frack tech, stricken U.S. oil drillers test new limits

March 14, 2016

Via: Reuters US Energy

Fifty-stage frack jobs. Fifteen-foot cluster spacing. More than 2,000 pounds of proppant concentrate per foot. Top U.S. shale producers are pushing fracking technology to new extremes to get more oil out of their wells, as they weather lower-for-longer oil prices. […]