Despite output from US shale production projected to only climb "modestly" this year after increasing 1.2MM b/d in 2019 to a record 12.2MM b/d, analysts believe that shale companies may go bankrupt if OPEC does not proceed with further production cuts.
March 17, 2020
The Saudi state energy firm has announced plans to invest $100B to develop the Jafurah shale gas field, which is estimated to 200 trillion cf (6 trillion m3) of gas, which it expects to come online in early-2024.
March 10, 2020
A number of independent US shale producers are upping dividend payments at the expense of investment in an effort to appease shareholders amid the ongoing weakness in energy prices, prioritizing returns over growth, at least in the near-term.
March 03, 2020
While the development on unconventional oil and gas in the US has been a boon for oil producers, multiple firms are now struggling to make a profit.
February 25, 2020
The ongoing slowdown within the US shale sector will continue this year as the ongoing weakness in prices will adversely impact investments in the US shale patch.
February 18, 2020
According to Energy Analyst Jason Ferguson writing for RBN Energy, API gravity is the most important facet of crude quality.
February 10, 2020
The ongoing slowdown in the US shale patch is expected to continue this year as smaller producers suffer from an inability to access capital which is weighing on investment budgets and thus drilling activity and growth.
February 03, 2020
In the US, the 190K-b/d Saddlehorn pipeline (from Colorado, through Kansas, to Oklahoma) has added a new quality specification for Denver-Julesburg (DJ) basin crude carried on its line.
January 27, 2020
Crude oil production from the two plays in the US state of Oklahoma peaked at 488K b/d in 2019.
January 20, 2020
Thanks to shale plays, the US is the largest producer in the world with output at about 12.5MM b/d, and some forecasts show the production will rise to 13.1MM b/d by 2020 before slowing down.
January 15, 2020
