Our Blog
DUC Inventory
A recent article in “Rigzone” points out that drilled but uncompleted (DUC) wells, also known as the “fracklog”, are a normally occurring phenomenon. This is because there is often a lag between the time when the well is drilled to total depth, and when it is completed and placed on production. What is abnormal is… Read More
EIA Gas Forecast
A recent article in “Rigzone” summarized the latest natural gas forecast by the U. S. Energy Information Administration (EIA). While the 2015 forecast was revised slightly downward to 79.58 billion cubic feet a day (bcfd), it still surpasses the 2014 level of 47.89. However, with the current year all but over, I found the 2016… Read More
Shale Output to Fall per EIA
“Rigzone” reports that the U. S. Energy Information Administration (EIA) predicts production decreases for domestic shale oil and natural gas production. These reductions are in response to a global energy surplus which has driven down prices, and consequently investment, staffing levels, and rig counts. The EIA predicts that by January, 2016, shale oil production will… Read More
Marcellus Downturn
“Rigzone” reports that while the drilling boom of the last seven years is over, the Marcellus shale, the nation’s newest and biggest gas field, still produces a fifth of our natural gas. However, there is disagreement as to how long production in the 90,000 square mile area will continue to increase. The U. S. Energy… Read More
Hurricanes and Oil Glut
Hurricanes in the Gulf of Mexico used to be a significant factor in short term oil production, inventories, and prices. However, a recent article in “Rigzone” observes that Mother Nature and the shale revolution have combined to minimize, if not eliminate, this effect. For the last two years, hurricane activity in the Gulf has been… Read More
