Shale


All posts for Shale

Shale Could Contract by 1.0 Million b/d Within the Year

As a price-elastic source of supply, US shale production will respond relatively quickly to the steep drop in oil prices. Already US E&Ps are reporting further reductions to their 2020 spending guidance and cutting back on planned drilling activity. A new-normal is here, with fiscal discipline and ...

Jake Wright


Posted 21 days agoPress > ShaleOilPrice War +1

OPEC FACES OFF WITH RUSSIA

Saudi Arabia and Russia are both by far some of the lowest-cost oil producers in the world, flipping the narrative to a race for market share instead of an attempt to preserve prices. Caught in the middle will be OPEC members counting on steady oil prices to keep their economies afloat (Iran, Ira ...

Hui Shan


Posted 25 days agoLink > OPECsaudiRussia +3

CLAY MINERALOGY and its application to the oil industry

The three and a half day course is very much a practical hands-on course designed to make the information about clays as easily digestible as possible via a mix of lecture and practical sessions. The main elements in the course are as follows: • Clays and Clay Minerals: what are they and why ...

Helen Pendlowski - The James Hutton Institute


Aberdeen   Scotland   GB 29 Sep 2020


Posted 27 days agoTraining > Clay MineralsShaledrilling optimization +19

The Shale Showdown in 2020 – What’s Happening?

Slow growth in U.S. energy consumption, as a result of continued increases in energy efficiency, and technologically enabled growth in domestic oil and natural gas production lead the United States to remain a net energy exporter through 2050. The AEO2020 Reference case projects domestic energy d ...

Hui Shan


Posted 2 months agoLink > ShalePermianUSA +3

The Oil and Gas Industry in 2020 – Brief Summary

Attempts by the wider OPEC+ club to minimise the growing glut have only mitigated the situation; the power of these producers to influence the market has diminished as US production has risen. As long as OPEC+ tries to play the good cop in the market – yielding volumes to coerce trends – crude pr ...

Hui Shan


Posted 3 months agoLink > OPECsaudiRussia +4

Major slowdown expected in U.S. shale oil production

Last in a five-part series: Behind the BoomThe shale-oil tsunami that has flooded New Mexico with a wave of petro dollars in recent years may be receding somewhat as U.S. production faces its first significant decline since the gushers began nearly eight years ago. Signs of trouble are showing up ...

Will Fine


Posted 3 months agoLink > Mancos ShaleColorado ShaleMarcellus Shale +51

Compliance Is Critical

On one hand, you had some key members – including Iraq, surprisingly – stating the need for the broader OPEC+ club to make further cuts to its supply deal. The headlines spinning out of the December 5 meeting was that the OPEC+ alliance agreed to slash a further 500,000 b/d, with Saudi Arabia ple ...

Hui Shan


Posted 3 months agoLink > OPECsaudiRussia +3

Reducing Onshore Well Failures: Advanced Chemical Management 2020

Technical Case Studies | Collaborative Dialogues | First-of-their-Kind Masterclasses This year, a leading market intelligence firm interviewed 350 unconventional E&P operators to determine the US producers' greatest challenges and priorities at this point in time. And the uniform response was: ...

Jad Farhat


    11 Feb 2020


Posted 4 months agoEvent > Shalecorrosion and chemical managementFlow Assurance +3

Q319 Financials: Weaker Oil Prices, Weakened Profits

Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...

Hui Shan


Posted 5 months agoLink > oil priceShaleUSA +5

China adds incentives for domestic natural gas production as imports increase

Natural gas production has recently grown in China largely because of increased development in low-permeability formations in the form of tight gas, shale gas, and to a lesser extent, coalbed methane. In June 2019, the Chinese government introduced a subsidy program that established new incentive ...

Hui Shan


Posted 5 months agoLink > ProductionsupplyConsumption +9

Ecuador Exits OPEC

Citing a need to boost oil revenues by being ‘honest about its ability to endure further cuts', Ecuador is prioritising crude production and welcoming new oil investment (free from production constraints) as President Lenin Moreno pursues more market-friendly economic policies. Indonesia did rejo ...

Hui Shan


Posted 5 months agoLink > OPECsaudiRussia +4

BP Exits Alaska - An End of an Era

After over 60 years of operating in the frigid but productive wilderness of Alaska, oil supermajor BP has decided to call it quits. Once home to the largest crude oil field in America, BP's departure from Alaska is not a surprise but a trend of things to come. What Hilcorp purchases from BP incl ...

Hui Shan


Posted 6 months agoLink > AlaskaBPHillcorp +4

Did Occidental Overpay for Anadarko?

Now that Occidental Petroleum has beaten Chevron to the acquisition of Anadarko Petroleum – and the strategic assets it holds in the prolific Permian Basin – one would think that the deal is cut-and-dry. The Occidental purchase of Anadarko had all the signs of a classic takeover battle, swooping ...

Hui Shan


Posted 8 months agoLink > OxyOccidentalanadarko +6

TODAY IN ENERGY: In 2018, 90% of the natural gas used in the United States was produced domestically

EIA's U.S. natural gas flow diagram helps to visualize the elements of U.S. natural gas supply (production, imports, and withdrawals from storage) and disposition (consumption, exports, and additions to storage). U.S. natural gas production and consumption have both generally increased since the ...

Hui Shan


Posted 8 months agoLink > ProductionsupplyConsumption +6

The ‘Argentine Permian’ Starts Shipping

But not only is it the first ever LNG sale for the country, it is also the first commercial output from the Vaca Muerta shale play – one of the world's largest shale formations and a potential game changer for the hobbling Argentine economy. The US EIA goes even further, estimating that the Vaca ...

Hui Shan


Posted 9 months agoLink > ArgentinaVaca MuertaLNG +7