There are certain times of the year that seem to rush by and October is one of those, as evidenced by this installment of The Oil Big Five coming out a bit later than usual. In some ways, this is an indicator of how much there is to do and keep track of, including for the global oil industry.
Posts Tagged ‘drilling’
By Elizabeth Bassett | October 16, 2015 12:01 AM Comments (0)
By Brian Scheid | October 13, 2015 12:01 AM Comments (0)
In July, North Dakota produced just over 1.2 million b/d of crude oil, down just over 9,400 b/d from the previous month and down nearly 26,000 b/d from the all-time high of about 1.23 million b/d the state set in December 2014.
The decline in Bakken production is hardly surprising considering the dramatic cuts producers have made in response to the sustained drop in oil prices, nor is it a particularly severe drop.
But state regulators are scrambling for options to sustain North Dakota production above that 1.2 million b/d level and prevent supply from falling along with the state’s rig count. The state is expected to unveil production figures for August this week.
By Tim Bradner | September 21, 2015 12:10 AM Comments (0)
By Gary Gentile | August 31, 2015 11:46 AM Comments (1)
By Starr Spencer | August 21, 2015 12:01 AM Comments (9)
If the round of second-quarter upstream conference calls showed anything, it was that operators have been humdingers in recent months: incredibly competitive, ruggedly hard-working and totally determined to match their operating costs to slipping oil prices, with a bit left over for profit.
And they have succeeded beyond their most extravagant forecasts. The cost of producing the once-perceived “high-priced” unconventional oil patch has now fallen, in some cases, to per-barrel breakeven prices pretty much on par with an extra-large delivered pizza with all the works, including tip.
By Charles Newbery | August 17, 2015 10:06 AM Comments (0)
There are always myriad reasons why vast oil resources worldwide may not be produced, and in this week’s Oilgram News column, At the Wellhead, Charles Newbery digs into challenges facing the biggest shale play in Argentina, which could rival the prolific production of US plays if properly tapped.
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.