Robert Perkins examines the delicate balance act of financing shale oil production in the US in this week’s Oilgram News column, Petrodollars.
Posts Tagged ‘drilling’
By Robert Perkins | May 18, 2015 12:01 AM Comments (0)
By Gary Gentile | May 4, 2015 12:01 AM Comments (2)
The technology underlying the US shale revolution was largely developed and funded by government laboratories working in conjunction with the private sector. Could the same formula be the key to unlocking the oil and gas riches offshore Alaska?
By Ross McCracken | May 1, 2015 10:37 AM Comments (0)
In this month’s highlight of material from Platts Energy Economist, managing editor Ross McCracken delves into the best places to sink capital in a time of low oil prices and whether recent investments have truly trickled through the industry yet.
It is not hard to find proponents of the view that the current clampdown on capital expenditure by oil and gas companies will cause a shortage of oil in the future. Weak investment now causes low production in years to come. At the same time, low prices prompt greater demand. As soon as these two processes become entrenched, oil traders will look ahead to the impending shortage and prices will rise. Boom time returns.
By Starr Spencer | April 30, 2015 12:01 AM Comments (3)
The oil industry has always had buzz words and unique verbal shorthand. Remember the “Year of the MLP” (2007) and “Drill, Baby, Drill” (2008)?
During the last down cycle in 2008-2009, oil executives debated whether the recovery – when it came – would be “V”-shaped or “U”-shaped. That is, a relatively rapid bottoming of oil prices in the former instance, followed by a fairly quick rebound – or, alternatively, a steep falloff of oil prices, a plateau as the market got its bearings and settled out, and then a fairly rapid climb back up the price ladder.
By News Desk | April 20, 2015 08:10 PM Comments (0)
As we have in years gone by, we’re highlighting parts of the IHS Energy CERAWeek here on The Barrel. We have a rotating cast of editors coming this week to the Houston energy conference, from oil to natural gas to power, and each day we’ll have a post in which we share what stood out to us.
You can follow more of the coverage by following @PlattsOil, @PlattsGas and @PlattsPower and looking for the hashtag #CERAWeek, as well as by checking Platts.com for news stories. At the end of the conference, we’ll also have a Storify feature about the conference, compiling all our coverage in one location.
By William Powell | April 13, 2015 12:01 AM Comments (0)
Shell has become the first major to take proper advantage of the low oil price, taking out a company that it has long been interested in buying: BG. And the reason is a good one: not growth for its own sake but using BG’s assets to help it achieve its own goals faster. The transaction is underpinned by BG’s asset value, it said.
By Starr Spencer | April 6, 2015 12:01 AM Comments (0)
By Robert Perkins | March 23, 2015 12:01 AM Comments (2)
By Brian Scheid | March 20, 2015 12:01 AM Comments (2)
As oil prices continue to fall amid flat demand and near-record supply, a dramatic production slowdown is expected to hit the US sometime this summer, if not earlier.
But no matter how unfavorable market fundamentals may be to Bakken operators, North Dakota is likely to see a “big surge” in production this June, potentially besting another supply record even if prices continue to crater, according to Lynn Helms, director of the state’s Department of Mineral Resources.
By Starr Spencer | February 26, 2015 12:03 PM Comments (0)
Someone had to do it, and it might as well have been one of the biggest names in US shale.
Having whittled its 2015 capital budget down to $5 billion, 40% lower than last year, US producer EOG Resources last week made the tough call of forfeiting production growth this year, saying it would drill but not complete wells in a low oil price environment.