U.S. Rig Count Grows Despite Oil Price Slump

Fuel Fix The boom in U.S. oil production will live to see another week. The nation’s crude explorers, engaged in a pricing war with the world’s largest suppliers, defied predictions of a drilling slowdown and ran the most rigs since mid-November, boosting the U.S. count by three to 1,575, Baker Hughes Inc. said on its […]

Read More

Shale gas activity reignites

By Sharon Corderman After a quiet lull, activity surrounding natural gas exploration and production is picking up in Potter and Tioga counties. And, once again, the excitement is over a shale formation, this time the Utica shale. Located a few thousand feet below the Marcellus shale, which caused a leasing frenzy in Pennsylvania a number […]

Read More

Survival of Fittest as Oil Tumbles Below $65

The National West Texas Intermediate tumbled below US$65 a barrel to the lowest level since July 2009 amid speculation prices have further to drop before Opec’s decision to maintain output slows US shale supply. Benchmark futures in New York and London slumped more than 3 per cent after capping their biggest monthly loss in about […]

Read More

Arkansas is the Fourth-Largest Natural Gas Producer in the U.S.

City Wire By Wesley Brown As the nation’s shale gas inventories touched an all-time high in 2013, Arkansas is now the fourth-largest shale gas producer in the U.S. behind only Texas, Louisiana and Pennsylvania, the U.S. Energy Information Administration (EIA) announced in a new report released on Tuesday. According to the EIA’s “Natural Gas Annual” […]

Read More
oil pump

OPEC Decision Means ‘Pain Train’ For U.S. Oil Industry

 USA Today By Kevin McCoy OPEC’s decision to maintain oil-production levels could threaten financing for some U.S. oil industry expansion and trigger market consolidation in an only-the-strong-survive scenario, economists and analysts said Friday. The Organization of the Petroleum Exporting Countries’ Thanksgiving Day announcement that it would not cut production in response to weaker prices is […]

Read More
Electrolysis Treats Fracking Produced Water

Drilling Slowdown on Sub-$80 Oil Creeps Into Biggest U.S. Fields

Business News Network The slowdown in the U.S. oil-drilling boom spread to two of the nation’s largest fields this week. The Permian Basin of Texas and New Mexico, the country’s biggest oil play, lost four rigs targeting crude, dropping to 558, Baker Hughes Inc. (BHI.N 2.2%) said on its website Friday. Those in North Dakota’s Williston […]

Read More

Shale Industry Staying Busy With Activity

Chron By Rebecca Maitland There are more than 16 massive shale plays in the U.S. today that have created over 2 million jobs, and these numbers continue to rise. However, everything is bigger in Texas, including natural gas production. In Texas, thanks to the Barnett Shale, Eagle Ford Shale and Haynesville Shale, the Lone Star […]

Read More

Most Economic Basins at Today’s Oil/Gas Prices

Oil and Gas 360 In October, OAG360 examined the internal rate of return (IRR) in two of America’s key shale basins – the Eagle Ford (EF) and Bakken. EnerCom’s analysis showed the Eagle Ford is more economic than its rival basin by a handful of percentage points, no matter the price. Oil prices for West […]

Read More

U.S. Shale-Oil Surge to Continue Amid Price Slump: IEA

Bloomberg By Lananh Nguyen The U.S. shale boom does not appear to be slowing in response to the oil-price slump, with the country’s output of petroleum liquids rising above 12 million barrels a day for the first time, according to the International Energy Agency. U.S. production of crude oil, condensate and natural gas liquids climbed […]

Read More

WTI Price No Deterrent in U.S. Shale Basins

UPI By Daniel J. Graeber NEW YORK, Nov. 11 (UPI) – The benchmark for U.S. crude oil prices was treading water in early Tuesday trading, one day after a report showed few signs of a slowdown in the shale boom. West Texas Intermediate for December delivery was still struggling to break the $80 per barrel […]

Read More