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Tag: shale
Shale, A 'full tank of freedom' or a 'Faustian bargain?'
2014-12-10 16:13:55| Oil IT Journal - www.oilit.com
Neil McNaughton admits a few shaly prejudices. Seismic shows sweet spots but are these reported in reserves numbers? One engineer speaks of 'Faustian bargain' to fiddle the numbers. How long will the frackers continue with $70 oil? Who'll pay for the billions of 'distressed' energy junk bonds?
Tags: full
freedom
tank
bargain
Low Oil Prices Impacting US Shale Investment
2014-12-08 20:28:25| Energy - Topix.net
With oil prices in free fall, the fear is that hunting for new shale in the U.S. may just not be that profitable. ConocoPhillips became the first major U.S. oil company on Monday to reveal that it is slashing spending for 2015.
Tags: low
prices
investment
oil
Low Oil Prices Impacting US Shale Investment
2014-12-08 19:49:20| Oil & Gas - Topix.net
With oil prices in free fall, the fear is that hunting for new shale in the U.S. may just not be that profitable. ConocoPhillips became the first major U.S. oil company on Monday to reveal that it is slashing spending for 2015.
Tags: low
prices
investment
oil
Oil Rigs in U.S. Climb as Shale Drillers Face OPEC Challenge
2014-12-06 18:29:00| Oil & Gas - Topix.net
The nation's crude explorers, engaged in a pricing war with the world's largest suppliers, defied predictions of a drilling slowdown and ran the most rigs since mid-November, boosting the U.S. count by three to 1,575, Baker Hughes Inc. said yesterday. Rigs targeting natural gas were unchanged at 344, the Houston- based field services company's website showed.
Tags: face
oil
challenge
climb
Saudis Fire Again in Oil War Against U.S. Shale
2014-12-06 07:05:06| Oil & Gas - Topix.net
Saudi Arabia launched a third-wave attack this week in its oil price war with the U.S. shale oil producer. First they cut prices, then they refused to cut production, and now they cut prices again.
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