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Shale’s Shortcomings
In a recent article in “Oil Voice”, Nick Cunningham questions how much efficiency has really been realized in shale operations, and the implications for future production. The author notes that the highly touted efficiency gains by shale operators are the result of three major strategies: improving technology (longer lateral legs on horizontal wells and using… Read More
Saudi Oversight
According to a recent article in “World Oil”, investment banking firm Goldman Sachs contends that Saudi Arabia is wrong to assume that U. S. shale producers will not respond to higher prices with increased output in 2017. Admittedly, crude oil prices are already increasing as a result of the agreement between OPEC and non-OPEC countries… Read More
Much Sound and Fury Signifying Nothing?
At least one industry observer sees the recent agreement to cut production as having “…no significant impact on the direction of oil markets in 2017 and beyond.” In a recent article in “Oil Voice”, author John Richardson makes his case that oil markets in the future will be weaker, rather than stronger, unless there is… Read More
The Hard Part
A recent article by Deon Daughtery in “Rigzone” observes that there was a collective sigh of relief across the global oil industry when both OPEC and non-OPEC producing nations agreed to a production cut. However, many energy investors temper their joy with concern that the parties to the agreement will not adhere to the agreed… Read More
$75 in 2017?
The agreement between OPEC and non-OPEC countries to reduce production was cheered from Midland to Kuala Lumpur. A recent article in “Rigzone” provides some details of the agreement and insight as to the implications. While some industry observers contend that the market was already starting to rebalance, the accord is clearly a significant development. Many,… Read More
