Shale


All posts for Shale

US shale regains strength amid OPEC cuts

Against the backdrop of OPEC's 1H 2017 production cuts, which the organization announced in November 2016, US liquids production has started to rebound. Rystad Energy estimates that total US oil and condensate production has increased from 8.9 to 9.3 million bbl/d between November 2016 and May 2017. ...

Julia Weiss


Posted 14 hours agoOpinion > Rystad EnergyShaleProduction +1

Do you want to drill wells Cheaper? Faster? Trouble Free?

Our next open training course in Houston, Texas will teach you the latest techniques and technologies that are delivering trouble-free, deviated, complex and ERD wells worldwide. Developed whilst drilling record ERD wells, Merlin ERD has recently enjoyed enviable success through applying these pract ...

Pam Conway


Houston   TX   US 17 Oct 2017


Posted 8 days agoTraining > ShaleOilandGasExtended Reach Drilling +3

Low Break-Even Prices Are For Everyone–Not Just Shale Companies

Shale companies have pushed break-even oil prices below $40 per barrel—but so have major oil companies. Analysts commonly portray cost reduction as something unique to the tight oil companies. Data from annual reports filed with the U.S. SEC (Securities and Exchange Commission) suggests otherwise. ...

Art Berman - The Petroleum Truth Report


Posted 17 days agoOpinion > Art BermanThe Petroleum Truth ReportShale +1

As Oilfield service layoffs hits 35%, hiring poised to restart

Rystad Energy research shows a massive workforce reduction in the Oilfield service industry during 2014 to 2016, but service companies within the Shale business are now starting to recruit again and are expected to do so in offshore later this year. The North American shale industry in particular, ...

Julia Weiss


Posted 21 days agoOpinion > Rystad EnergyOilfield ServicesShale +1

REU Houston 2017

Embedding tools, techniques, data and analytics for reliable reserves forecasting that supports internal and external investment Now in its 7th year, REU Houston has established itself as a core annual gathering in the reservoir engineering calendar for operators and other stakeholders to share s ...

evvnt Platform


Houston   TX   US 20 Jun 2017


Posted 1 month agoEvent > Reservoir Engineeringreserves evaluationreserves estimation +3

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 1 month 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 month 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 1 month 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 2 months 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 3 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 3 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 4 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 4 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 4 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 4 months agoOpinion > oil priceUSAShale