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.
shale Mining News
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 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.
US tight oil production averaged 3.22 million barrels per day over the past three months.
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 oil minister says his country 'welcomes this new source of energy.'
Ukraine has two major shale gas production deals with Chevron and Shell.
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.
Six regions account for nearly 90% of US oil production growth and 100% of domestic natural gas production growth.