Shale Oil Pioneers Say the Boom Times Are Over
The days of relentless production growth from U.S. shale oil fields are ending, potentially aiding OPEC’s yearslong effort to drain a worldwide supply glut, according to industry pioneers Scott Sheffield and Mark Papa.
Permian Basin Watch: America’s Hottest Shale Play Is Slowing Down
The almost relentless thrust that has doubled crude output from the Permian Basin in three years is showing some signs of waning.
US Shale’s Blows Leave Middle East Oil Sellers Staggering
The U.S. oil industry is delivering a one-two punch to Middle East producers already reeling from a collapse in prices. A tussle is playing out in the market for so-called light oils, which have a lower sulfur content and are less dense than heavier varieties.
Resurgent Oil Fields Keep Drivers in Short Supply
These are boom times in West Texas. Across the state, the robust shale industry is providing a lift to local economies and trucking companies that serve the region. It’s also a microcosm for the trucking industry overall when it comes to finding drivers to keep the wheels of growth turning.
Troubled $4.6 Billion Shale Pipe Hits New Snag on Ruling
A $4.6 billion shale gas pipeline that already has been delayed by about a year is facing another setback after a court vacated a key permit.
US Oil Debt Eases
U.S. oil and gas producers expect their borrowing ability to increase over the next few months, leaving them open to invest in new shale assets, particularly the Eagle Ford in Texas.
America’s Hottest Oil Play Just Needs a Few Thousand Truckers
When the price of oil collapsed in 2014 and disrupted drilling operations all across Texas’ massive Permian Basin shale formation, truckers were among those hardest hit.
Oil Extends Rally as Record US Shale Drilling Boom Stutters
Oil extended the longest run of gains in six months after U.S. shale explorers paused a record drilling expansion in a sign the boom may be slowing down.