Moving the Shale Revolution Offshore
With output of only 43,000 b/d last year – not including its 150,000 b/d share of the Abu Safah field shared with Saudi Arabia – Bahrain has been hit hard since the oil price crash in 2014. Last year, Bahrain announced its largest-ever oil and gas discovery in the Khalij al-Bahrain Basin – a find ...Is The Saudi - Russia Oil Bromance Souring?
Prior to the meeting, Saudi Arabia had gone on record to state that the Kingdom believed that OPEC's job in rebalancing the oil market was far from over and that output cuts were necessary to continue into the second half of 2019. In the past, Saudi Arabia would most likely to be able to bully it ...Analysis: Electric cars and the Permian: Saudi Arabia in Lea County by Dr. Daniel Fine
Some 30,000 children marched in Belgium weeks ago against Climate Change. It is only a matter of two years before a few members of Congress, alone with only cameras today, will march at the head of crowds of 500,000 down Pennsylvania Avenue. It will have its colors; green — and yellow for the Frenc ...Alternative Facts About OPEC & U.S. Shale From The Wall Street Journal
Posted in The Petroleum Truth Report on December 19, 2018 The Wall Street Journal's recent editorial “ How America Broke OPEC ” shows that even high-quality journalism is susceptible to the contagion of alternative facts. It is a propaganda piece about how the underdog U.S. oil industry miracul ...Art Berman - The Petroleum Truth Report
Reactions to Delaware Basin News Shows Misunderstanding of Petroleum Economics by Dr. Daniel Fine
News of the size of oil reserves in the Delaware Basin (New Mexico's share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion – and revelations of how little “authorities” and the media understand petroleum economics. The ...Lonestar Announces Eagle Ford Shale Acquisition, Increased Senior Secured Credit Facility
FORT WORTH, Texas , Nov. 19, 2018 /PRNewswire/ -- Lonestar Resources US Inc. (NASDAQ: LONE) (including its subsidiaries, "Lonestar," "we,", "us," "our" or "the Company") announced that it has closed an acquisition of producing properties in the Eagle Ford Shale play (the "Acquisition"). Lonesta ...
e Vaca Muerta Shale Basin in Argentina is the only unconventional play outside of North America where activity has already made the transition from exploration to full-scale development. The potential prize is huge – geographically, the Vaca Muerta Shale is three times the size of the highly prolif ...Highlands Natural Resources - Colorado Shale Operations Update
Highlands, the London-listed natural resources company, is pleased to announce that hydraulic fracturing operations for the six new wells at its East Denver Project will resume this week. Flowback from the new wells is expected in late December 2018 or early January 2019. The Company also notes th ...Lonestar Announces Third Quarter 2018 Financial Results And Provides Operational Update
Lonestar Resources US Inc. (NASDAQ: LONE) (including its subsidiaries, "Lonestar," "we," "us," "our" or the "Company") has reported financial and operating results for the three months ended September 30, 2018 . HIGHLIGHTS Lonestar reported record production with a 63% increase in net oi ...Hunting PLC - Q3 2018 Trading Update
Hunting PLC (LSE:HTG), the international energy services group, today issues a Q3 2018 trading update. Revenues during the third quarter have remained steady in North America as activity within the onshore shale basins continued, with sustained demand for the Group's perforating products and acces ...U.S. Shale Has A Glaring Problem
By Nick Cunningham of Oilprice.com Oil prices are down a bit, but are still close to multi-year highs. That should leave the shale industry flush with cash. However, a long list of U.S. shale companies are still struggling to turn a profit. A new report from the Institute for Energy Economic ...HNR: Colorado Shale - Permitting of West Denver Project
Highlands Natural Resources plc (‘Highlands' or ‘the Company') Colorado Shale – Permitting of West Denver Project Highlands, the London-listed natural resources company, is pleased to announce that it has filed applications with the Colorado Oil and Gas Conservation Commission (‘COGCC') to es ...Significant UK Shale Gas Role Still a Long Way Off, Says GlobalData
Following today's announcement that Cuadrilla Resources will start fracking operations at its shale gas exploration wells in Lancashire, Will Scargill, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the prospects for the sector: ‘‘Although begin ...$100 Oil Is A Distinct Possibility
By Nick Cunningham of Oilprice.com An oil price spike is starting to look increasingly possible, with a rerun of 2008 not entirely out of the question, according to a new report. The outages from Iran are worse than most analysts expected, and bottlenecks in the U.S. shale patch could prevent n ...Highlands Natural Resources: Colorado Shale - East Denver Operations Update
Highlands, the London-listed natural resources company, provides the following update about the six new wells being funded entirely by Highlands' partners at its East Denver Project. As previously announced, drilling operations at the new wells were completed in mid-July. The pad was subsequent ...
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