Shale


All posts for Shale

Shale Cost Reductions Are 10% Technology and 90% Industry Bust

I am tired of hearing about the unbelievable impact of technology on collapsing U.S. shale production costs. The truth is that these claims are  unbelievable. The savings are real but only about 10% is from advances in technology. About 90% is because the oil industry is in a depression and oil fi ...

Art Berman - The Petroleum Truth Report


Posted 16 hours agoOpinion > Art BermanThe Petroleum Truth ReportShale +1

Utica production declines in 4Q 2016, but early 2017 recovery seems realistic

The latest published well production data from the Ohio Department of Natural Resources (ODNR) suggests that shale gas production in Ohio contracted by 180 MMcfd in 4Q 2016, with only 58 new wells turned in line. This represents a 54% YoY decline in activity compared to 4Q 2015, with rather flat dev ...

Julia Weiss


Posted 1 day agoOpinion > ShaleUticaRystad Energy

Trump Fuels a Petrochemical Boom in America

Traditionally, petrochemicals were produced from naphtha. It is one of the products derived from petroleum refineries. Naphtha crackers break hydrocarbon down into basic chemical building blocks. Naphtha crackers were found all over the world, BUT given that a high proportion of manufacturing sinc ...

Easwaran Kanason


Posted 15 days agoOpinion > Donald TrumpShaleShale Gas +3

Mexico turns to the Jurassic era for shale oil: Fuel for Thought

Mexico's plans to develop its shale oil resources have finally taken a step forward following years of largely fruitless efforts by the state owned company Pemex. Canada's Renaissance Oil and Russia's Lukoil are joining forces to develop the Amatitlan block of the Chicontepec region. They aren't ...

OilVoice Press


Posted 1 month agoOpinion > PlattsMexicoShale

Marcellus shale sees massive resurgence in M&A activity

There was nearly eight times more invested in asset and corporate acquisitions in the Marcellus shale in 2016 than 2015, according to new analysis in Evaluate Energy's global M&A review for 2016 . Marcellus assets changed hands for a total of US$7.25 billion in 2016 – a massive increase on US$920 ...

Mark Young


Posted 2 months agoOpinion > MarcellusShaleShale Gas +6

A December To Remember – The Biggest US Drilling Gain In Three Decades

US land drillers sent 2016 packing with a bang. Since May, the drilling recovery has looked exceptionally strong on a percentage basis. The December trend looked exceptionally strong on an absolute basis too with 65 US rigs returning to work. December 2016 delivered the best absolute rig cou ...

Joseph Triepke - Infill Thinking


Posted 2 months agoOpinion > Rig CountDrillingShale +1

U.S. Shale Is Now Cash Flow Neutral

Oil prices are probably already high enough to spark a rebound in shale production. The IEA says that in the third quarter of 2016, the U.S. shale industry became cash flow neutral for the first time ever. That isn't a typo. For years, the drilling boom was done with a lot of debt, and the revenue ...

Oilprice Staff


Posted 3 months agoOpinion > oil priceUSAShale

7th Annual Cost-Effective Produced Water Management Marcellus & Utica 2017

Marcellus and Utica Natural Gas production is defying the sceptics and rigs are firing up once again. However, the regulatory landscape is changing dramatically with the newly legislated Chapter 78a forcing operators to rethink their water management plans, and increasing concerns around TENORM and ...

Louise Gosling


    29 Mar 2017


Posted 3 months agoEvent > Water ManagementMarcellusUtica +6

'Last Mile Logistics' Could Be A Choke Point Early Next Year

Global oil market events in late-2016 all but guarantee that the Lower 48 oilfield recovery will gather steam in early-2017. As the upstream supply chain tightens early in the new year, weaker links in the onshore supply chain will be exposed. We recently identified four potential choke points tha ...

Joseph Triepke - Infill Thinking


Posted 3 months agoOpinion > completionsShaleFracking +2

Not So Prolific: U.S. Shale Faces A Reality Check

The collapse of oil prices has forced the U.S. shale industry to slash production costs. In order to improve the “breakeven” costs for the average shale well, the industry has deployed three general strategies: improving techniques and technology, such as drilling longer laterals or using more frac ...

Oilprice Staff


Posted 3 months agoOpinion > oil priceUSAShale

2016 review: A winning year for shale

North American shale development has been a clear winner during 2016 despite the low oil price during the year. Shale operators managed to increase efficiencies during the year, with wells producing larger volumes at lower costs. This has resulted in a very resilient shale oil production in the US, ...

Julia Weiss


Posted 3 months agoOpinion > 2016ShaleRystad Energy

Oilfield service companies exposed to shale are the winners of OPEC cuts; offshore suppliers will struggle

Rystad Energy analysis shows that as much as 15 billion USD in increased spending will flow into the non-OPEC shale market in 2017. This incremental change comes after the announced OPEC decision to cut production by 1.2 million bbl/d. Non-OPEC shale well services are best positioned with an estima ...

Julia Weiss


Posted 3 months agoPress > OPECOilfieldOffshore +3

OPEC cuts; shale positioned to grow with offshore continuing to be the victim

With the announced OPEC cut of 1.2 million bbl/d yesterday, Rystad Energy expects that global liquid production to remain at current levels into next year. At the same time, demand is expected to grow by around 1.3 million bbl/d. This means that the large amount of stored oil will decline considerab ...

Julia Weiss


Posted 3 months agoOpinion > OPECShaleOffshore +2