All posts for Shale

Tight Oil Money Return on Investment Eagle Ford Shale Case History

The Eagle Ford Shale Play - San Antonio Located in South Texas between San Antonio and Corpus Christi. Horizontal drilling and hydraulic fracturing began in 2008. Approximately 17,000 producing wells. February production was 935,000 bo/d, down from 1,324,000 in December 2014. 71 ...

Art Berman - The Petroleum Truth Report

Posted 1 day agoOpinion > Art BermanShaleEagle Ford Shale +9

Robust Energy Production Growth Coupled with Relatively Flat U.S. Demand Support Net Energy Exports in EIA's AEO2018

The U.S. Energy Information Administration (EIA) released today its Annual Energy Outlook 2018 (AEO2018), which includes its Reference case and a number of sensitivity cases. The AEO2018 Reference case shows continued development of the U.S. shale and tight oil and gas resources paired with mod ...

OilVoice Press - OilVoice

Posted 1 month agoOpinion > EIAEnergy Information Administration EIAUnited States +6

Can The Shale Boom Avoid These Bottlenecks?

By Nick Cunningham of Shale companies continue to drill at a frenzied pace, adding rigs and breaking U.S. oil production levels with each passing week. Yet, the oil production is becoming increasingly geographically concentrated. Not only is the Permian basin accounting for much of ...

Oilprice Staff

Posted 1 month agoOpinion > United StatesUSEIA +5

Carrizo Oil & Gas Announces Closing of Eagle Ford Shale Divestiture and Partial Redemption of Its 7.50% Senior Notes Due 2020

HOUSTON --(BUSINESS WIRE)-- Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) today announced that it closed the previously-announced sale of a portion of its assets in the Eagle Ford Shale on January 31, 2018 . Carrizo received approximately $212 million at closing, subject to post-closing adjustments; th ...

OilVoice Press - OilVoice

Posted 1 month agoPress > Carrizo Oil & GasNasdaqEagle Ford +3

Why Is The Shale Industry Still Not Profitable?

By Nick Cunningham of Echoing the criticism of too much hype surrounding U.S. shale from the Saudi oil minister last week, a new report finds that shale drilling is still largely not profitable. Not only that, but costs are on the rise and drillers are pursuing "irrational produc ...

Oilprice Staff

Posted 1 month agoOpinion > United StatesUSShale +2

Rystad Energy: Global Well Market Outlook

Nearly 60,000 new wells were drilled and completed globally in 2017. This is a 14% increase compared to 2016, which represented the turning point following the downturn, and we expect continued growth in well demand towards 2020. An increasing number of wells being drilled and completed is undou ...

OilVoice Press - OilVoice

Posted 2 months agoOpinion > Rystad EnergyWell MarketShale

2018 Energy Outlook – S&P Global Platts Analytics – Chris Midgley Comments

Oil “Concerns still remain with respect to the response of U.S. shale oil to higher oil prices.  However, the shale hype seems to be over, with CEO's and management teams being held strongly accountable to deliver positive cash flow over production growth even with oil prices above $60/bbl,” ...

OilVoice Press - OilVoice

Posted 3 months agoOpinion > S&PS&P Global Plattsoil price +2

Carrizo Oil & Gas Announces the Divestiture of a Portion of Its Eagle Ford Acreage

Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) has announced that it has entered into an agreement to divest a portion of its assets in the Eagle Ford Shale for $245 million in cash, subject to adjustment and customary closing terms and conditions. The divested assets include approximately 24,500 net acr ...

OilVoice Press - OilVoice

Posted 3 months agoPress > Eagle FordDivestmentNasdaq +4

US Crude Gains More Market Share in Asia

The spread between the world's two benchmark crude oil markers – Brent and WTI – is currently hovering at US$6/b. This is the widest gap between the two for a long while, first breaching the tight US$2/b spread range since 2015 in the run up to Hurricane Harvey as traders fretted that widespread ref ...

Easwaran Kanason

Posted 5 months agoOpinion > OPECOil & GasEnergy +4

Positive Signs for OFS Sector as US Onshore Market Set to Grow

·         A new market forecast launched today by Westwood Global Energy Group sets out a positive outlook for the US Drilling & Completions Market between 2018-2022, based on a number of oil price scenarios. - Expenditure on completions is out-pacing rig expenditure growth as wells become longer a ...

Victoria Roe

Posted 5 months agoPress > ShaleUS onshorenon conventional +3

McKinsey Energy Insights Expects Delay in Full Oil Price Recovery Until Late 2020

McKinsey Energy Insights (MEI) , the data and analytics specialist that provides distinctive insight and support to the global energy industry, has released its latest Global Oil Supply and Demand Outlook , in which the company projects that global oil prices will remain in the USD50/bbl-U ...

OilVoice Press - OilVoice

Posted 5 months agoOpinion > MEIoil pricesupply +4

In The Oil Patch – Dr. Daniel Fine (ep. 123)

In The Oil Patch – Episode 123: host Kym Bolado and her cohost Alvin Bailey welcome Dr. Daniel Fine onto the show! Dr. Fine is with the New Mexico Center for Energy Policy and he does not hold back any of his thoughts in this episode. This is definitely a must-listen show!

Will Fine

Posted 6 months agoLink > OPECKingdom of Saudi ArabiaSaudi Arabia +39

Hedging threat and Venezuela Oil by Dr. Daniel Fine

How can Saudi Arabia and OPEC behind them strike a second blow against shale oil producers in the Southwest? The first was the 2014-2017 price and market share war in which they raised production to put the higher cost Americans out of business.   This was partially abandoned at Algiers in a reversa ...

Will Fine

Posted 6 months agoOpinion > VenezuelaVenezuela oilOPEC +11

Oil and the Saudi Arabia threat

The big picture is struggle between Iran and Saudi Arabia to dominate the region or Islamic Middle East.It was the take-over generation that switched Saudi Arabia oil strategy from an anti-American shale and sand price and market share war against West Texas Intermediate oil to a reduction of outp ...

Will Fine

Posted 7 months agoLink > Saudi ArabiaSaudi Aramcooil price +35