Our Blog
New Swing Producer
In a recent article in “Rigzone”, author John Kemp cites two recent developments supporting his contention that the shale revolution has transformed global oil markets. His first example is the U. S. Congress considering legislation to repeal the 1973 crude oil export ban. However, his primary focus is on the emergence of domestic shale operators… Read More
Shale Output to Drop
So says a recent article in “World Oil”. Crude output from super shale plays such as North Dakota’s Bakken and the Eagle Ford of South Texas is expected to fall in June and July. Some observers foresee output continuing to decline through the end of the year. With OPEC refusing to cut oil production from… Read More
Super Shales
When crude prices collapsed last fall, some industry observers predicted hard times for shale operators. While this has been true in some cases, a recent article in “Rigzone” cited a study by consulting firm Wood Mackenzie. Their analysis indicates that there is still a great deal of upside for both the Bakken and Eagle Ford… Read More
Another Perspective
A recent article in “World Oil” featured remarks by Dan Eberhart, the CEO of Canary, LLC, the largest privately held oil field service company in the U. S. While his remarks do not necessarily reflect the current consensus in the industry, I think they are provocative and noteworthy. Eberhart feels that a turning point has… Read More
Fourth Quarter Shortage?
In spite of a wealth of evidence to the contrary, some industry observers are predicting that the world oil market will shift from surplus to shortage by the end of this year. “Rigzone” reports that Standard Chartered Bank foresees this shift despite a current glut of 2 million barrels of oil per day (bopd). Apparently,… Read More
