Tag: shale oil
Why Chevron Left The Anadarko Party Early
Welcome to the bidding war that didn’t happen. The decision last week by international oil giant Chevron Corp. to leave its takeover bid for shale oil and gas-heavy Anadarko Petroleum Corp. unaltered in the wake of a higher offer from rival bidder Occidental Petroleum Corp. surprised some who had expected a back and forth escalation between the […]
Will U.S. Shale Companies Survive This Oil Price Downturn?
The bad news coming out of the shale oil fields of America could all be put down to slumping oil prices. That is certainly a big factor. But as investment professionals like to say, when the tide goes out, we all find out who’s been skinny-dipping. The pattern of negative news from shale country is […]
Shale Marching Higher Despite Lower Oil Prices
The shale oil revolution is still going strong… That’s the story of today’s chart, which maps U.S. daily oil production in the top-five shale oil regions from 2013 to today… and projects production to 2025. The five regions are: Permian (Delaware), Permian (Midland), Eagle Ford (in Texas), Bakken (in parts of Montana), and Niobrara (in […]
Buy These 3 Stocks For The Boom In American Oil Exports
Monthly oil output in the U.S. this year topped 10 million barrels a day for the first time since 1970, hitting all-time records. And the surge has just begun. On March 5, the International Energy Agency (IEA) released its forecast that predicted U.S. shale output would rise by 2.7 million barrels a day to 12.1 […]
Saudi War On Shale Is Not Over Yet
Two weeks ago when Saudi Arabia let it leak that the kingdom has no intention of leading OPEC toward another cut in production to accommodate the growing volumes of oil from American shale deposits, it was another sign that the Saudi war on shale actually never ended. To properly understand this announcement, we need to […]
