• 5 minutes Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 10 minutes Iranian Sanctions - What Are The Facts?
  • 15 minutes U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 4 hours Can the World Survive without Saudi Oil?
  • 6 hours Sears files Chapter 11
  • 7 hours Natural disasters and US deficit
  • 3 hours China Is the Climate-Change Battleground
  • 3 hours U.S. - Saudi Arabia: President Trump Says Saudi Arabia's King Wouldn't Survive "Two Weeks" Without U.S. Backing
  • 26 mins Porsche Says That it ‘Enters the Electric Era With The New Taycan’
  • 2 days How Long Until We Have Working Nuclear Fusion Reactor?
  • 22 hours Saudi A Threatens to Block UN Climate Report
  • 23 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 22 hours German Voters Set to Punish Merkel’s Conservative Bloc
  • 17 hours Threat: Iran warns U.S, Israel to expect a 'devastating' revenge
  • 1 hour $70 More Likely Than $100 - YeeeeeeHaaaaa
  • 21 hours Nothing new in Middle East? Iran Puts On 'Show Of Strength' Military Exercise In Gulf
Alt Text

Goldman Warns Of Oil Market Surplus Next Year

Investment bank Goldman Sachs says…

Alt Text

EIA Inventory Count Accelerates Oil Price Slide

Oil prices continued to slide…

Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Trending Discussions

A Timely Bakken Play At A Discount

In the disaster that continues for independent shale oil producers, some brief moments of sunlight peek through. And right now, one of those moments is shining on Hess, one of the first and most committed to the Bakken shale play, a particular play gaining some interim relief from the oil bust.

It’s been clear to me that the down cycle for independent E+P’s here in the US was not going to be a short one – I outline all of the reasons for this and my projected timing in my new book "Shale Boom, Shale Bust", now available everywhere. But where rig counts have been decimated, there have been some small indications of production also leveling off a lot quicker than most analysts (and I) thought might happen – particularly in the Bakken.

I suppose that the Bakken is the most likely place to see a quick turnaround from rig numbers going down to a translation on supply numbers; after all, it is the most mature of the shale plays, even though it is only 7 years old. But the players there, or at least the strong ones, are far better established than in other shale plays around the country: Continental Resources (CLR), Conoco-Philips (COP), Whiting (WLL), Apache (APA), EOG Resources (EOG) and Hess, to name just a few of the big ones.

It is also where the most speculative players went first to drill the outer reaches of the core areas that the ‘big boys’ had already staked out and are clearly on their way to tossing in the towel during…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News