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Turning to frack tech, stricken U.S. oil drillers test new limits
2016-03-13 19:05:51| Energy - Topix.net
Top U.S. shale producers are pushing fracking technology to new extremes to get more oil out of their wells, as they weather lower-for-longer oil prices. While the impact of the techniques may be scarcely noticeable on current U.S. output with so few wells in operation, it could mean drillers are able to accelerate production more fiercely than ever once prices recover.
Turning to frack tech, stricken U.S. oil drillers test new limits
2016-03-13 15:27:24| Oil & Gas - Topix.net
Top U.S. shale producers are pushing fracking technology to new extremes to get more oil out of their wells, as they weather lower-for-longer oil prices. While the impact of the techniques may be scarcely noticeable on current U.S. output with so few wells in operation, it could mean drillers are able to accelerate production more fiercely than ever once prices recover.
Oil Stocks: Bakken Shale Drillers Feel the Burn From $30 Crude
2016-02-27 19:34:07| Electronics - Topix.net
After months of speculation about what oil price would break the back of shale drillers, we finally have that number: $30 a barrel. At least that's the price at which Bakken shale drillers Oasis Petroleum , Whiting Petroleum and Continental Resources can no longer keep drilling in the oil play that really turned around America's oil production.
Oil Stocks: Bakken Shale Drillers Feel Burn From $30 Crude
2016-02-27 07:55:00| Climate Ark Climate Change & Global Warming Newsfeed
Motley Fool: After months of speculation about what oil price would break the back of shale drillers, we finally have that number: $30 a barrel. At least that's the price at which Bakken shale drillers Oasis Petroleum (NYSE:OAS), Whiting Petroleum (NYSE:WLL) and Continental Resources (NYSE:CLR) can no longer keep drilling in the oil play that really turned around America's oil production. That was abundantly clear after reviewing their plans for 2016, with each company basically winding down operations in the...
Shale Oil Architect Predicts Doom for Some Drillers Amid Slump
2016-02-24 10:50:59| Energy - Topix.net
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Mark Papa, the former EOG Resources Inc. chief executive officer who helped create the shale industry more than a decade ago, said drillers are "grievously wounded" as crashing crude prices exact their toll.
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