Category Archives: Shale Oil & Gas Revolution

Overturning the old energy order

Zeihan: The US Shale Patch Has Not Drilled a Dry Well in 3 Years!

No dry wells for the last 3 years and no low-productivity well for the last 2 years. The reason for this long string of good luck in the US shale oil patch — according to Austin-based geopolitical analyst Peter Zeihan … Continue reading

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As Much as 2 Trillion Barrels of Recoverable Oil in Texas, N.M.

In the Permian Basin alone, the southwestern US may eventually be found to contain as much as 2 trillion barrels of economically recoverable oil. “The research we’ve done indicates that we have at least half a trillion barrels in the … Continue reading

Posted in Energy, Nuclear Power, Shale Oil & Gas Revolution | Tagged | 6 Comments

Global Oil Prices: Calm in the Midst of a Tempest

Something strange is happening in global oil prices: About 3.5 million barrels per day have been removed from global output — and oil prices went down! What’s really remarkable about this recent decline is that it occurred despite the fact … Continue reading

Posted in Energy, Russia, Shale Oil & Gas Revolution | Tagged ,

North American Oil Boom Spectacular — Best is Yet to Come

The North American oil & gas boom has taken the world by surprise. As US oil production pushes ever upward toward the magic number of 10 million barrels per day (US peak production in November 1970), peak oil prognosticators and … Continue reading

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Sorry Doomers: An Impressive Future for North American Tight Oil&Gas

North American energy prices for oil and gas have stabilised over the past few years, as production from tight rock has risen sharply. Production for both oil & gas is expected to continue rising over the next decade, perhaps much … Continue reading

Posted in Energy, Shale Oil & Gas Revolution | 1 Comment

Russia Rushes to Develop Its Shale Oil Resource

Update — Other than energy exports, Russia’s economy is disintegrating: The Russian central bank last month said $63.7 billion left Russia in the first quarter, equal to all capital lost in 2013. The World Bank estimates this year’s total could … Continue reading

Posted in Energy, Russia, Shale Oil & Gas Revolution, Siberia

Shale Boom Heard ‘Round the World

Image: Assessment of 137 Shale Formations in 41 Countries — USEIA From China to Russia to Argentina to the Ukraine and beyond, shale oil & gas reserves are being discovered, tested out, and recovered. North America is better placed for … Continue reading

Posted in Energy, Shale Oil & Gas Revolution | 2 Comments

Breakeven Prices in US Shale Oil

Even though prices have slumped to their lowest in more than a year, output keeps marching ahead thanks to falling operational costs, increasingly efficient well technology, rising reserve estimates and aggressive forward hedging programs. Experts say the 1 million barrel … Continue reading

Posted in Energy, Oil Prices, Shale Oil & Gas Revolution | 2 Comments

Skeptics of the Shale Oil & Gas Revolution Get A Bad Shock

… overall [US shale] oil and gas production [is] growing at breakneck speed, according to the report, [and] it is being driven by “increases in drilling efficiency and new well productivity, rather than an increase in the number of active … Continue reading

Posted in Energy, Shale Oil & Gas Revolution | 3 Comments