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Arthur Berman

Art Berman

Contributor since: 12 Jan 2015

Arthur Berman

Arthur E. Berman is a petroleum geologist with 36 years of oil and gas industry experience. He is an expert on U.S. shale plays and is currently consulting for several E&P companies and capital groups in the energy sector. During the past year, he made more than 25 keynote addresses for energy conferences, boards of directors and professional societies. Berman has published more than 100 articles on oil and gas plays and trends. He has been interviewed about oil and gas topics on CBS, CNBC, CNN, CBC, Platt’s Energy Week, BNN, Bloomberg, Platt’s, The Financial Times, The Wall Street Journal, Rolling Stone and The New York Times. Berman is an associate editor of the American Association of Petroleum Geologists Bulletin, and was a managing editor and frequent contributor to theoildrum.com. He is a Director of the Association for the Study of Peak Oil, and has served on the boards of directors of The Houston Geological Society and The Society of Independent Professional Earth Scientists. He worked 20 years for Amoco (now BP) and 16 years as consulting geologist. He has an M.S. (Geology) from the Colorado School of Mines and a B.A. (History) from Amherst College.

Latest articles from Arthur

  • Horizontal Land Rig Count Summary 15th April 2016

    Published 15 April 2016 | viewed 8,088 times

    This week's rig count was mostly about adjusting some big accounting errors from last week! The total U.S. land rig count fell by 5 to…

  • Are We On The Right Track To An Oil Price Recovery?

    Published 15 April 2016 | viewed 14,301 times

    Oil prices have increased 60 percent since late January. Is this an oil-price recovery? Two previous price rallies ended badly because they had little basis…

  • Horizontal Land Rig Count Summary 8th April 2016

    Published 11 April 2016 | viewed 7,962 times

    The U.S. horizontal land rig count fell by 5 to 341 and the total land rig count fell by 6 to 414. The trend for…

  • Why Natural Gas Prices Could Double From Here

    Published 07 April 2016 | viewed 64,226 times

    Natural gas prices should double over the next year. Over-supply plus a warm 2015-2016 winter have resulted in low gas prices. That is about to…

  • Horizontal Land Rig Count Summary 1st April 2016

    Published 03 April 2016 | viewed 9,044 times

    Horizontal rigs fell by 13 to 346 and total land rigs fell 12 to 420.   (Click to enlarge) Tight oil rigs fell by 10.…

  • Horizontal Land Rig Count Summary 18th March 2016

    Published 20 March 2016 | viewed 8,670 times

    The U.S. horizontal land rig count fell 6 to 369 and the total land rig count fell 4 to 446. Tight oil rigs dropped 3.…

  • Why Oil Prices May Not Move Higher

    Published 14 March 2016 | viewed 21,737 times

    The oil-price rally that began in mid-February will almost certainly collapse. It is similar to the false March-June 2015 rally. In both cases, prices increased…

  • Horizontal Land Rig Count Summary 11th March 2016

    Published 14 March 2016 | viewed 5,956 times

    Total U.S. land rig count fell 13 to 450 rigs and horizontal land rig count fell 14 to 375 rigs. Tight oil plays lost 10…

  • Oil Fundamentals Could Cause Oil Prices To Fall, Fast.

    Published 07 March 2016 | viewed 40,642 times

    Oil prices should fall, possibly hard, in coming weeks. That is because fundamentals do not support the present price. Prices should fall to around $30…

  • Horizontal Land Rig Count Summary 4th March 2016

    Published 04 March 2016 | viewed 8,246 times

    The total land rig count dropped 10 to 463 and the horizontal rig count fell 8 to 389 rigs. Tight oil plays lost 8 rigs:…

  • The U.S. Still Dominates World Oil Prices

    Published 29 February 2016 | viewed 20,433 times

    World oil prices are controlled by the amount of crude oil stored at Cushing, Oklahoma. That’s because Cushing is the pricing point for WTI (West…

  • Horizontal Land Rig Count Summary 26 February 2016

    Published 26 February 2016 | viewed 7,266 times

    The horizontal rig count fell 18 to 397 while the total land rig count fell by only 14 to 473. It happens sometimes. The biggest…

  • Natural Gas Prices Are Unsustainably Low

    Published 22 February 2016 | viewed 25,411 times

    Every week, the EIA proclaims a new record for natural gas production. But their own forecasts show that the U.S. will be short on supply…

  • OPEC Will Not Blink First

    Published 10 February 2016 | viewed 24,318 times

    An OPEC production cut is unlikely until U.S. production declines by about another million barrels per day (mmbpd). OPEC won’t cut because it would accomplish…

  • Rig Count Update: Moment of Truth for the Permian Basin?

    Published 30 January 2016 | viewed 15,849 times

    The U.S. land rig count fell 17 to 590 and the horizontal land rig count fell 13 to 487. Horizontal Land Rig Count Update This…

  • U.S. Land Rig Count 22 Jan 2016

    Published 23 January 2016 | viewed 13,832 times

    The U.S. land rig count for the week ending 22 January 2016 was 607, down 16, and the horizontal land rig count was 500, down…

  • Oil Markets Are Balancing Faster Than IEA Would Have Us Believe

    Published 21 January 2016 | viewed 27,437 times

    Fundamentals point toward market balance but pessimism is dragging oil prices down. IEA has apparently succumbed to this negativity but their data suggests that things…

  • As Rig Count Plunges, Has U.S. Oil Reached Its Capitulation Point?

    Published 11 January 2016 | viewed 15,338 times

    The big drop in rig count for the week that ended last Friday points to capitulation by U.S. shale drillers. The total land rig count…

  • Rig Count: Capitulation?

    Published 09 January 2016 | viewed 21,208 times

    After last week’s moderate drop in rig count, the amount of horizontal oil rigs seems to implode this week. The U.S. land rig count was…

  • Why The U.S. Can’t Be Called A ‘Swing Producer’

    Published 06 January 2016 | viewed 18,779 times

    Daniel Yergin and other experts say that U.S. tight oil is the swing oil producer of the world. They are wrong. It is preposterous to…

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