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Articles: tight oil (139)

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US 2015 Oil Production and Future Oil Prices

Oil production can be confusing because there are various “pieces” that may or may not be included. In this analysis, I look at oil production of the United States broadly (including crude oil, natural gas plant liquids, and biofuels), because this is the way oil consumption is …

US shale oil peak in 2015

The latest EIA drilling productivity report (11th April 2016)  shows US shale oil production continuing to decline in Bakken, Eagle Ford and Niobrara while the Permian has flattened out.

Whatever Happened to Peak Oil?  

Whatever happened to “peak oil” – the assertion that the rate at which oil is extracted from the Earth is nearing a maximum or peak level?

Tight Oil Reality Check

America’s energy future is largely determined by the assumptions and expectations we have today.

U.S. tight oil production decline

U.S. oil production has begun to drop in response to low oil prices, but not as dramatically as many had anticipated.

A Look at the West Virginia University Assessment of Technically Recoverable Gas in the Utica Shale

Last week, members of the media breathlessly reported that the Utica Shale could hold more recoverable gas than the Marcellus, the largest shale gas play in the country.

The Bakken ”Red Queen” is restrained with more credit

To get some understanding of what will drive future developments on Light Tight Oil (LTO) extraction in Bakken, it is helpful to look at individual companies.

The U.S. Production Decline Has Begun

It is not because of decreased rig count. It is because cash flow at current oil prices is too low to complete most wells being drilled. The implications are profound. Production will decline by several hundred thousand of barrels per day before the effect of reduced rig count is fully seen.

Revisiting the Shale Oil Hype: Technology versus Geology

Irrespective of price, geology is trumping technology in the Bakken and Eagle Ford plays.

Lifting the U.S. Oil Export Ban Is No Solution to Low Oil Prices

Lifting the oil export ban would only perpetuate the problem of over-production. That is no solution to low oil prices, lost jobs or lower oil-related spending.

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