Shale


All posts for Shale

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 years 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 2 years 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 2 years 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 3 years 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 3 years 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 3 years 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 3 years 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 3 years 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 3 years agoLink > Saudi ArabiaSaudi Aramcooil price +35

The Global Energy Leaders Podcast - Episode 58 –

On today's episode, Tom Cambridge, president of the Texas Pipeline Association, visits The Global Energy Leaders Podcast to discuss Texas and the Panhandle Import Reduction Initiative. A founder of Panhandle Import Reduction Initiative (PIRI), a single purpose organization to educate the public a ...

Will Fine


Posted 3 years agoLink > Department of CommerceDonald TrumpPresident of the USA +33

Overcapacity and the price of oil

Overcapacity and the price of oil Dr. Daniel Fine, New Mexico Center for Energy Policy 12:00 a.m. MT June 25, 2017 Daniel Fine, associate director of New Mexico Center for Energy Police at New Mexico Tech and a project leader of the Energy Police, State of New Mexico Department of Energy Minerals ...

Will Fine


Posted 3 years agoLink > OccidentalTexas Oil and GasTexas +21

The Panhandle Import Reduction Initiative (PIRI) Calls for New White House Policy: Unfair Trade Endangers U.S. Oil Industry Too

May 18, 2017 06:00 AM Mountain Daylight Time AMARILLO, Texas--(BUSINESS WIRE)--In a letter directed to the President of the United States and received by the White House, the founders of (PIRI), the Panhandle Import Reduction Initiative representing thousands of independent small producers of oil in ...

Will Fine


Posted 3 years agoPress > Unfair TradeTradeOil prices +23

Texas Panhandle group calls on Trump to change oil trade practices

“It's a core industry in that it reduces poverty and it increases the standard of living for people,” said Tom Cambridge, PIRI facilitator and petroleum geologist at Amarillo's Cambridge Production Inc. “We think that having a stable oil supply in this country that is not threatened by Saudi Arabi ...

Will Fine


Posted 3 years agoLink > ShaleTradePresident of the USA +13