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Is The Bakken Profitable At $50 Oil?

Is The Bakken Profitable At $50 Oil?

The Bakken remains the second…

Energy / Crude Oil

Is The Bakken Profitable At $50 Oil?

Is The Bakken Profitable At $50 Oil?

Oct 09, 2017 at 13:43 | Rune Likvern

In the first part of this post I present an update on the profitability for Light Tight Oil (LTO) extraction in the Bakken (ND) as one big project. This is…

Gulf Of Mexico Output Falls Nearly 100% After Hurricane Nate

Gulf Of Mexico Output Falls Nearly 100% After Hurricane Nate

Oct 09, 2017 at 09:15 | Irina Slav

As of Sunday, 92.61 percent of crude oil production capacity in the Gulf of Mexico was shut in, the Bureau of Safety and Environmental Enforcement said. In barrels, this…

This Unexpected Move Could Derail Mexico’s Oil Boom

This Unexpected Move Could Derail Mexico’s Oil Boom

Oct 06, 2017 at 16:30 | Tsvetana Paraskova

Just as Mexico’s oil industry was starting to get off the ground with foreign players entering, Mexico is throwing a wrench in the works with its consideration of new regulations…

U.S. Oil Rig Count Falls As Prices Falter

U.S. Oil Rig Count Falls As Prices Falter

Oct 06, 2017 at 12:23 | Julianne Geiger

The number of active oil and gas rigs in the United States fell this week by 4 rigs. The total oil and gas rig count in the United States…

Gulf Of Mexico Oil Producers Begin Evacuation Ahead Of Nate

Gulf Of Mexico Oil Producers Begin Evacuation Ahead Of Nate

Oct 06, 2017 at 11:40 | Irina Slav

After Chevron said on Wednesday it was preparing to begin shutting down two platforms in the Gulf of Mexico ahead of a tropical storm raging in the Caribbean, now…

World’s Biggest Oil Trader Questions Its Own Fate

World’s Biggest Oil Trader Questions Its Own Fate

Oct 06, 2017 at 09:25 | Irina Slav

Vitol’s chief executive, Ian Taylor, said he expected the shift to electric vehicles and non-fossil fuel sources of energy to shrink the oil industry. Speaking at an event in…

The Permian Boom Is Coming To An End

The Permian Boom Is Coming To An End

Oct 05, 2017 at 16:45 | Nick Cunningham

The pressure on shale drillers to throttle back on their aggressive drilling continues to crop up in new places, and there are growing signs that the Permian is slowing down.…

Activist Investors Crack Down On Shale CEO Salaries

Activist Investors Crack Down On Shale CEO Salaries

Oct 04, 2017 at 16:11 | Nick Cunningham

The growth-at-all-costs model for shale drillers has succeeded in ramping up U.S. oil production, but it hasn’t necessarily led to impressive financials. A group of activist investors are hoping to…

Who Is Winning The Market Share War In China?

Who Is Winning The Market Share War In China?

Oct 04, 2017 at 16:06 | Tsvetana Paraskova

The pace of China’s crude oil imports and demand growth is one of the key pieces of data for the oil market and analysts to gauge global oil demand growth.…

Strong Crude Draw Boosts Oil Prices

Strong Crude Draw Boosts Oil Prices

Oct 04, 2017 at 09:47 | Irina Slav

The biggest oil price third-quarter rally in years came to a grinding halt this week with preliminary OPEC production figures for September suggesting an increase, quickly dampening enthusiasm about record-high…

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