shale Mining News

The oil war is only just getting started

It's been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how U.S. shale is responding to fifty-plus-dollar oil with rebounding drilling activity.

U.S. shale is now cash flow neutral

The IEA says that in the third quarter of 2016, the U.S. shale industry became cash flow neutral for the first time ever. That isn’t a typo.

The driving force behind the US oil boom

The shale revolution’s sweet spot is oilfield services, the lower-risk backbone of the American oil and gas boom that pays off regardless of a play’s economics.

The US now produces more than 10% of the world's crude, thanks to the shale industry

US tight oil production averaged 3.22 million barrels per day over the past three months.

Shale, the last oil and gas train: Interview with Arthur Berman

How much faith can we put in our ability to decipher all the numbers out there telling us the US is closing in on its cornering of the global oil market?

Saudi Arabia still doesn't care about the US shale boom

Saudi oil minister says his country 'welcomes this new source of energy.'

Russia is getting queasy about Ukraine's shale plans

Ukraine has two major shale gas production deals with Chevron and Shell.

One of the most notable stories of the year: Energy Renaissance in the USA

Only a few years ago, we were contemplating the supply constraints facing the petroleum industry … now, with the disruptive technology in shale oil and gas, we may be looking forward to decades of drilling.

Here's how the US is becoming the world's biggest oil and gas producer

Six regions account for nearly 90% of US oil production growth and 100% of domestic natural gas production growth.