Post Tagged with: "Shale"

OPEC Finds U.S. Shale Harder to Crack as Rout Deepens

OPEC is resisting pressure to cut oil production while demand slumps as it tests how low prices must go to make U.S. The Organization of Petroleum Exporting Countries boosted output by the most in 13 months in September, even as …

October 15, 2014 - 12:38 pm Energy RSS

US bid for oil supremacy shakes crude market

New York (AFP) – Propelled by surging shale output, the United States is fighting for supremacy in the global oil market even as a pullback in crude prices threatens to challenge the boom.

October 15, 2014 - 11:03 am Energy RSS

U.K. Labour Party Backs Tighter Shale Gas Rules to Ensure Safety

The U.K. should tighten regulations on shale gas extraction to ensure fracking is safe and doesn’t harm the environment, the opposition Labour Party said.

October 15, 2014 - 8:39 am Energy RSS

OPEC Finding U.S. Shale Harder to Crack as Rout Deepens

OPEC is resisting pressure to cut oil production while demand slumps as it tests how low prices must go to make U.S. shale oil unprofitable. As producers become more efficient, that floor is sinking.

October 14, 2014 - 9:53 pm Energy RSS

Market Extra: Why cratering oil may not crush shale producers

Oil prices are plunging, but it will take a steeper drop to push a significant amount of shale production below breakeven, according to an analysis by the International Energy Agency.

October 14, 2014 - 3:56 pm Energy RSS

U.S. Shale Oil Output Growing Even as Prices Drop: EIA

Oil output is expected to grow in all major U.S. shale plays in November despite falling global prices as drillers become more efficient.

October 14, 2014 - 3:46 pm Energy RSS

Shale Boom: Gold Rush–Panning for Opportunities

The United States is at the cusp of an energy revolution triggered by the shale gas boom and intensified by the tight oil boom. This creates tremendous opportunities for motor and drive manufacturers to offer appropriate solutions needed to overcome …

October 14, 2014 - 1:19 pm Energy RSS

Argentina Is On The Verge Of A Huge Boom In Shale Oil Fracking

Physical conditions, energy demand, and geography could play in favor of the Latin American country.

October 14, 2014 - 12:19 pm Energy RSS

The future of shale: O&G capital challenges and opportunities

HOUSTON, Oct. 14, 2014 /PRNewswire/ — For US producers, shale success amid lower oil prices is increasingly dependent on the basin and operator, panelists explained during EY Oil & Gas Center's Energy Executive Insight Session (EEIS) on Thursday, 9 October, …

October 14, 2014 - 9:00 am Energy RSS

Shale Gas Market to Grow at a CAGR of 9.3% During 2014-2020

Big Market Research adds a report titled "Global Shale Gas Market (Technology, Application and Geography) – Industry Analysis, Trends, Share, Opportunities and Forecast, 2013 – 2020." The report forecasts the global shale gas market to attain a value of $104.1 …

October 14, 2014 - 8:55 am Energy RSS

Black Gold: Oil Extraction In the U.S. Boosting Economy

The shale revolution in America is helping to bring oil prices lower, keep gas prices down, and give the economy a boost in the process. But fracking has taken the spotlight for a number of different economic and environmental reasons.…

October 13, 2014 - 3:05 pm Energy RSS

Here's why shale oil stocks are tanking

Shale oil stocks are tanking amid two crude realities: oil prices at multi-year lows and the way drilling is financed.

October 10, 2014 - 4:00 pm Energy RSS

Shale Boom Tested as Sub-$90 Oil Threatens U.S. Drillers

"If prices go to $80 or lower, which I think is possible, then we are going to see a reduction in drilling activity," Ralph Eads, vice chairman and global head of energy investment banking at Jefferies LLC, which advised 38 …

October 8, 2014 - 5:51 pm Energy RSS
European Conglomerate Spends $7.6 Billion for a Role in United States Shale

European Conglomerate Spends $7.6 Billion for a Role in United States Shale

On September 22, 2014, Siemens (ticker: SIE), an $84 billion market cap engineering and electronics conglomerate based in Germany, announced the acquisition of Dresser-Rand (ticker: DRC) for $7.6 billion (Euros). Dresser-Rand is one of the world’s largest equipment suppliers in …

September 22, 2014 - 6:40 pm Fracing, Oil and Gas 360 Articles, Oilfield Services
China Looks Away from Coal

China Looks Away from Coal

China is the world’s largest consumer of coal. According to the EIA, almost 70% of the energy China used in 2011 came from coal.


world coal usage

However, China announced last year that it plans to cut back on coal in favor …

Algeria’s Government Ready to Invest $102 Billion on Shale Development

Algeria’s Government Ready to Invest $102 Billion on Shale Development

Algeria’s government owned energy company, Sonatrach, has announced plans to start producing gas from six new gas fields, with initial plans to drill four shale gas wells in 2014 in the basins of Ahnet (south of In Salah) and Illizi, …

July 11, 2014 - 4:12 pm International, Oil and Gas 360 Articles
Devon Energy Soars into the Eagle Ford with $6 Billion Acquisition

Devon Energy Soars into the Eagle Ford with $6 Billion Acquisition

For $6 billion, Devon Energy (ticker: DVN) purchased 53,000 BOEPD, 82,000 net acres and more than 1,200 drilling locations across DeWitt and Lavaca Counties in the Eagle Ford Shale from GeoSouthern Energy. The acquisition will be funded with a combination …

November 20, 2013 - 4:23 pm Mergers & Acquisitions, Oil and Gas 360 Articles
California Fracing Bill Could Slow Monterey Shale Production

California Fracing Bill Could Slow Monterey Shale Production

On September 11, 2013, the California Assembly passed a law attempting to regulate fracing in the state’s Monterey shale.

The bill, listed as Senate Bill 4 (SB 4), will go into effect on January 1, 2015. SB 4 will …

September 13, 2013 - 4:14 pm Fracing, Oil and Gas 360 Articles, Regulatory

Carrizo Sells Barnett Shale Position for $268MM, Turns Focus to Oil Production Plays

Carrizo Oil & Gas, Inc. (ticker: CRZO) is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas from resource plays located in the United States. Its current operations are principally focused in proven, …

September 4, 2013 - 6:41 pm Oil and Gas 360 Articles

Interview with Goodrich Petroleum's Rob Turnham – GDP More Than Doubles TMS Position; Reducing Well Costs

Goodrich Petroleum (ticker: GDP) is an independent oil and gas exploration and production company with operations in the Eagle Ford Shale, Haynesville Shale and Tuscaloosa Marine Shale (TMS). Along with Encana (ticker: ECA), Goodrich has been a pioneer of …

July 22, 2013 - 4:22 pm Oil and Gas 360 Articles

PDC Energy Inc: A Busy 2012 Complemented by Utica Results Early in 2013

PDC Energy Inc (ticker: PDCE) is engaged in the exploration, development and production of crude oil, NGLs and natural gas. The company’s operations are focused primarily in the Wattenberg Field of Colorado, including the horizontal Niobrara and Codell plays, the …

February 27, 2013 - 8:47 pm Oil and Gas 360 Articles

The Old Guard is Back in Mexico, But Something's New

On Sunday July 1, 2012, Mexicans went to the polls to cast their vote for president. Election authorities predict that Enrique Pena Nieto as the winner. The 45-year old former governor of the state of Tabasco, who is married to …

July 2, 2012 - 4:37 pm Oil and Gas 360 Articles

PDC Energy Reports Q4'11 and Year-end 2011 Results; Permian Asset Sale Closed; 2011 Production Surpasses Expectations

PDC Energy (NASDAQ: PETD) announced Q4’11 and year-end 2011 operational and financial results.

The company reported a Q4’11 net loss of $8 million, or a loss of $0.35 per share, compared to a net loss of $18 million, or a …

February 29, 2012 - 3:51 pm Oil and Gas 360 Articles