Tight

Deepwater, Tight Oil Found Moving Closer Cost-Wise on Development Spectrum

Deepwater, Tight Oil Found Moving Closer Cost-Wise on Development Spectrum

The rapid improvement in efficiencies to produce deepwater oil and gas, which usually has taken years and millions of dollars, has put the expensive offshore within reach of tight/shale oil development costs, according to Wood Mackenzie.

July 2, 2019

North America’s Tight Oil, Oilsands Combo for Energy Security, Says IHS

U.S. tight oil and Canada’s oilsands have become the “twin pillars” of the continent’s energy security, accounting for almost 95% of North American production growth from 2009 to 2015, while at the same time reducing overseas oil imports by 40%, IHS said Monday.

June 6, 2016

Newer U.S. Onshore Wells Produced 48% of 2015 Crude Output, EIA Says

Nearly half of the crude oil produced in the Lower 48 states last year came from wells drilled since the start of 2014, federal officials said Tuesday.

March 22, 2016
Shale Natural Gas to Account for 20% Share of Total Global Gas Output by 2035, Says BP

Shale Natural Gas to Account for 20% Share of Total Global Gas Output by 2035, Says BP

Shale natural gas, ramrodded by U.S. producers, should amount to about 75% of domestic gas output and nearly 20% of total global gas production by 2035, compared to 10% of global share in 2014, a stronger forecast than BP plc’s economics team previously projected. And it could get even better, chief economist Spencer Dale said Wednesday.

February 10, 2016
U.S. Rapidly Energy Self-Efficient on Shale, Tight Resources, Says BP

U.S. Rapidly Energy Self-Efficient on Shale, Tight Resources, Says BP

Produced volumes of U.S. shale gas will be bigger than conventional gas resources ever were or will be, BP plc’s chief economist said Wednesday.

January 15, 2014

Global Tight Oil Resources Could Eclipse North America

North America has a remarkable amount of potential tight oil resources, but they may pale in comparison to those estimated worldwide, according to a study by IHS Inc.

September 18, 2013

LNG Globalizing The Fuel of Choice

Global liquefied natural gas (LNG) supplies are tight and expected to remain so for a while as liquefaction projects in progress wrestle with delays and those being planned face an environment of escalating costs. However, there is plenty of gas to liquefy in Australia, the United States (thank you, shales) and elsewhere. And there’s growing demand as gas is becoming the “fuel of choice” around the world.

April 22, 2013

Gas: The Fuel of Choice, Increasingly in Liquefied Form

Global liquefied natural gas (LNG) supplies are tight and expected to remain so for a while as liquefaction projects in progress wrestle with delays and those being planned face an environment of escalating costs. However, there’s plenty of gas to liquefy in Australia, the United States (thank you, shales) and elsewhere. And there’s growing demand as gas is becoming the “fuel of choice” around the world.

April 18, 2013

OSHA Investigating West Texas Oil Well Blowout

Two workers were killed and three others hospitalized Friday morning in an oil well blowout in the Bone Spring tight sands formation in West Texas, near Barstow.

April 10, 2013

Shell’s Voser: Export the Shale Revolution

America’s “shale revolution,” combined with increased Gulf of Mexico oil production, the potential for major deposits in the Arctic, and growth in tight and heavy oil, including oilsands, makes North America’s energy picture much brighter than it was not that long ago, Royal Dutch Shell plc CEO Peter Voser said recently at the Chief Executives Club of Boston.

April 1, 2013
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