Our Blog
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
EPA Confirms Fracking Safe
“After more than five years and millions of dollars, the evidence gathered by the EPA confirms what the agency has already acknowledged and what the oil and gas industry has known”. This was the reaction of Erik Milito, Upstream Group Director of the American Petroleum Institute, to a draft report confirming that fracking does not… 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
Rig Count Drops Again
According to a recent article in “World Oil”, the U. S. oil rig count dropped for the 25’th straight week. This time the count decreased by 13 to 646, the lowest level since August of 2010. Most of the reductions were outside the major shale basins with rig counts in the Eagle Ford, Bakken and… Read More
