• 4 minutes Why Trump will win the wall fight
  • 7 minutes Tension On The Edge: Pakistan Urges U.N. To Intervene Over Kashmir Tension With India
  • 12 minutes Maduro Asks OPEC For Help Against U.S. Sanctions
  • 16 minutes Washington Eyes Crackdown On OPEC
  • 9 hours Climate Change: A Summer of Storms and Smog Is Coming
  • 7 hours Itt looks like natural gas may be at its lowest price ever.
  • 2 hours North Korea's Kim To Travel To Vietnam By Train, Summit At Government Guesthouse
  • 23 hours Oil imports by countries
  • 9 hours America’s Shale Boom Keeps Rolling Even as Wildcatters Save Cash
  • 23 hours AI Will Eliminate Call Center Jobs
  • 1 day NZ Oil, Gas Ban Could Cost $30 Bln
  • 6 hours Amazon’s Exit Could Scare Off Tech Companies From New York
  • 12 hours US-backed coup in Venezuela not so smooth
  • 1 day Ayn Rand Was Right
  • 1 day Solar and Wind Will Not "Save" the Climate
  • 10 hours Some Good News on Climate Change Maybe
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

US Shale Winners And Losers

US Shale Winners And Losers

This column starts my series on $80 oil and US shale winners and losers.

My working thesis is that although oil’s drop into the $80’s might be temporary, it won’t be short-lived.  That puts marginal producers here in the US at risk, as much of their current production and certainly future planned production is predicated on higher oil price expectations.  

I’m beginning this series by outlining the Bakken and Three Forks region first, as I believe that oil companies there are at the most risk to see slashed capex, production and therefore dropping share prices.  But before I begin, I must thank Michael Falloon of shaletrader.com for his excellent help, almost certainly the most informed independent analyst of the Bakken and the companies invested there of anyone I have ever read.  His service is a worthy addition for anyone deeply invested in that play, or indeed many of the other major US shale plays.  

The reason I focus on the Bakken first is not because of the potential oil supply there or the quality of the play, quite the opposite.  The diverse area involved and the relative maturity of fracking programs in the Bakken have led to a breakneck pace of production that have delivered tens of thousands of new jobs, dozens of new successful oil companies and a fresh housing boom.  It has also led to an increasing lack of sufficient infrastructure in pipelines and…

To read the full article

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

RegisterLogin



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