U.S. Majors Cash In as Permian Dominance Widens the Oil Gap
Upstream oil and gas—industry-speak for the exploration and production end of the business—has always been a game of…
Negative Prices, Rising Flaring Signal Pipeline Gridlock in Permian
Previously, we reported that natural gas at the Waha hub was selling for near-zero or sub-zero prices for…
EIA Calls Peak Shale as Drilling Activity Declines
Peak shale may already be behind us. U.S. crude oil production is now forecast to slip from a…
Permian Oil Producers Face Higher Costs With New Saltwater Rules As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal
As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at…
Permian or Bust? U.S. Oil Growth Has a One-Basin Problem
The Permian basin has been the chief growth driver for U.S. shale oil production. The most prolific shale…
7 Energy Winners in a Market Going Nowhere
Oil prices are stuck in a rut, with Brent hovering near $65 and WTI not far behind. The…
EOG Goes Desert Wildcatting in UAE Shale Play
As if the Permian wasn’t enough, EOG Resources just picked up a juicy new onshore shale block in…
US Fracking Company Forecasts Major Shale Slowdown
Frack-first energy policy is running into some good old-fashioned capitalism. Liberty Energy, the company founded by now-Energy Secretary…
U.S. crude production rose by 2% in 2024, mostly from Permian, EIA finds
U.S. crude oil production grew by 270,000 barrels per day (bpd) in 2024 to average 13.2 million bpd,…
US Oil Production to Peak in 2027, Natural Gas by 2032: EIA
The idea of peak oil is familiar to most readers. It refers to the point at which global…
U.S. Oil Output Drops to Lowest Level in 15 Months
January U.S. crude oil production was down 305,000 barrels per day, hitting 13.15 million bpd, a level it…
Peak Permian? Geology and Water Say We’re Close
After more than a decade of relentless drilling in the top U.S. oil-producing basin, the Permian, some areas…