• 4 minutes China goes against US natural gas
  • 12 minutes WTI @ 67.50, charts show $62.50 next
  • 15 minutes Saudi Fund Wants to Take Tesla Private?
  • 56 mins Downloadable 3D Printed Gun Designs, Yay or Nay?
  • 1 hour Peak Oil is Now!
  • 5 hours Rattling With Weapons: Iran Must Develop Military To Guard Against Other Powers
  • 7 hours Russians hacking vs U.S., Microsoft President: Russians Targeting All Political Sides
  • 3 hours Corporations Are Buying More Renewables Than Ever
  • 13 hours VW Receives Massive Order Of 1,600 All-Electric Trucks
  • 21 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 1 day CO2 Emissions Hit 67-Year Low In USA, As Rest-Of-World Rises
  • 1 day The EU Loses The Principles On Which It Was Built
  • 1 day Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 18 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 1 day The Discount Airline Model Is Coming for Europe’s Railways
  • 1 day Starvation, horror in Venezuela
Alt Text

Philippines Cracks Down On Fuel Pirates

Though fuel smuggling in Southeast…

Alt Text

Is Deepwater Drilling More Profitable Than Shale?

Conventional wisdom in oil markets…

Alt Text

All-Time Low Spare Capacity Could Send Oil To $150

Many oil markets watchers have…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

U.S. Shale To Become Profitable At Last

Eagle Ford

Friday November 17, 2017

In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.

Let’s take a look.

1. Shale earnings reports move oil prices

(Click to enlarge)

- In the past, the earnings reports from the long list of shale E&Ps have tended to spark selloffs in crude oil prices. Why? Because for years, shale companies reported strong production growth figures and often laid out details on even more aggressive drilling campaigns.
- From mid-2014 through August 2017, according to the WSJ, oil prices fell by an average of 2.2 percent during earnings season.
- However, that changed recently. Oil prices jumped by more than 4 percent.
- The reason is that the shale industry finally is taking a more conservative approach, after years of incredible production growth has failed to translate into profits.
- The tenor of the quarterly report also changed. Shale executives sang a familiar tune to their shareholders, promising they would remain prudent and refrain from increasing spending, even if oil prices rose.

2. Shale to be free cash flow positive?

(Click to enlarge)

- The newfound restraint from the U.S. shale sector might actually help them finally report something that has proven to be elusive:…

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