OPEC production cuts likely to help U.S. shale industry
The just-announced OPEC production cuts play to the strength of the U.S. shale fracking industry, The American Interest says: "Don’t look now, but an American shale rebound is already underway....
View ArticlePrice war helped U.S. shale break-even costs drop to $15 a barrel in some places
The break-even point in some U.S. shale regions is now $15 a barrel; overall production costs to tap shale are about half of what they were just two years ago, according to this Reuters news story:...
View ArticleChesapeake Energy selling Louisiana shale property for $450 million
Chesapeake Energy Corp. continues with its financial restructuring, including the sale of significant holdings, Oil and Gas Investor reports: "Chesapeake Energy Corp. (NYSE: CHK) is delivering on its...
View ArticleUtica Shale drilling rigs, wells drilled increase in Ohio
The number of drilling rigs in the Utica Shale and Point Pleasant Shale areas of Ohio totaled 21 on Nov. 19, up from 19 a week ago, the Ohio Division of Natural Resources reported. The number of...
View ArticleThanksgiving holiday gasoline prices 2nd lowest in 8 years
One thing to be thankful for now are some of the lowest gasoline prices in years, reports the U.S. Energy Information Administration: "Heading into the Thanksgiving holiday weekend, U.S. retail...
View ArticlePipeline growth will tap Utica Shale natural gas production
New pipelines in the works will help get natural gas from Ohio's Utica Shale to market, reports the Energy Information Administration: "A number of pipeline projects that have been approved, or are in...
View ArticleHuge 20 billion barrels/oil, 16 trillion cubic feet/gas field discovered in...
Just wow. The U.S. Geological Survey says it has found the largest estimated "oil accumulation" in its history in a shale-rich part of Texas that is already being drilled. The estimated amount of oil...
View ArticleUtica Shale drilling rigs total 19; drilled wells in Ohio at 1,838
The number of drilling rigs in the Utica Shale and Point Pleasant Shale areas of Ohio totaled 19 as of Nov. 12, the Ohio Division of Natural Resources reported Tuesday. The number of permits for...
View ArticleShale drilling increasingly focused on Texas, New Mexico
The Permian Basin in Texas and in New Mexico is getting more attention from shale drillers, reports the U.S. Energy Information Administration: "The Permian now holds nearly as many active oil rigs as...
View ArticleNew federal Utica Shale productivity report released
The November Utica Shale drilling productivity report is now on the U.S. Energy Information Administration website. The new report can be found here.
View ArticleA. Schulman to cut 60 jobs, primarily middle management
A. Schulman Inc. says it will cut about 60 jobs, primarily middle management, that will save it millions of dollars annually as part of a business segment reorganization. The Fairlawn polymer company...
View ArticleOPEC now expects oil won't top $60/barrel until after 2020
The world may have low oil prices through the end of the decade, according to a new OPEC report, says oilprice.com: "OPEC warned in newly released report that oil prices might not rise above $60 per...
View ArticleU.S. shale industry feeling more optimistic
The U.S. shale industry appears to be on the rebound, according to this story at Rigzone.com: "U.S. shale producers are redeploying cash, rigs and workers, cautiously confident the energy sector has...
View ArticleU.S. energy drilling rigs fall by one
The number of drilling rigs working in the U.S. as of Nov. 11 dropped by one from a week ago to 568, according to the latest Baker Hughes report. The number of rigs is down 199 from the same period in...
View ArticleRPM International buys U.K. foam tape maker
RPM International Inc. is sticking to its acquisition strategy and expanding its European presence. The Medina company, whose subsidiaries make coatings, adhesives and related products, now has a foam...
View ArticleFracking wastewater is mostly natural brine, university study says
Wastewater from fracking sites is mostly natural brine, according to a recent university study in a story at phys.org: "Naturally occurring brines, not man-made fracking fluids, account for most of...
View ArticleFuel prices may fall because of 'stunning' increase in oil stockpile
An unexpectly large increase in the U.S. oil stockpile that has led to drop in crude oil prices may mean related fuel prices also are poised to drop, a story in fuelfix.com says: "U.S. crude prices...
View ArticleShale industry may get boost from OPEC's Algiers deal
OPEC's Algiers deal may turn into just the boost the U.S. shale industry is looking for, writes Justin Jacobs in Petroleum Economist: " ... While low prices led to deep cuts across the sector, they...
View ArticleUtica Shale drilling rigs drop by one
The number of drilling rigs in the Utica Shale and Point Pleasant Shale areas of Ohio totaled 15 as of Oct. 29, down one from a week ago, the Ohio Division of Natural Resources reported Tuesday. The...
View ArticleWorld Series fever hits the Energy Information Administration
Hey, baseball and fracking fans! Yes, fever over the World Series between the Cleveland Indians and Chicago Cubs has hit the Energy Information Administration. The EIA just took at look at how U.S....
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