What is the 2022 forecast for oil prices?

As our global economy recovers from the pandemic, energy prices increase as we continue to see inflation throughout the world. Two things that can affect whether prices at the gas pumps continue to increase are OPEC+ and U.S. shale outputs. With people resuming road and air travel, the global oil demand has almost rebounded to […]

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U.S. Shale’s New Recovery

The United States’ oil and gas sector has proved to be incredibly resilient time and time again and following the devastating effects from COVID-19 in 2020 they’ve shown a new discipline to strengthen balance sheets, pay down debt and pay dividends to their shareholders.  Traditionally the U.S. shale patch would immediately start boosting production after […]

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Should U.S. Shale Producers Resist Increasing Output?

Following a tumultuous 2020, U.S. shale producers face a new dilemma of ramping up production in the face of global oil supply uncertainty. With West Texas Intermediate (WTI) trading above $50/barrel, there is significant temptation for shale producers to surge their output, however, the constant growth strategy of previous years may prove to be costly […]

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U.S. Shale Producers Race for Permits

Over the past few months, there has been a drastic increase in U.S. shale producers’ race to acquire drilling permits from the Federal Government. This is due to the upcoming November presidential elections and concerns that a win by Joe Biden could mean a crackdown on oil and gas exploration. According to Reuters, “As of […]

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U.S. Shale to Slow Down

U.S. shale production has sustained a years-long boom of rapid growth, but that appears to be coming to an end sooner rather than later.  Following a mixed bag of earnings reports from shale executives, the common belief is that the growth frenzy is slowing down and coming to an end.  According to World Oil, “The […]

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A Fresh Look at Marcellus Shale Water

As the debate over the environmental impact of hydraulic fracturing rages on, a new report from the Susquehanna River Basin Commission’s (SRBC) continuous water quality monitoring project does not show evidence of water quality changes as a result of natural gas development.  In an article by Kevin Randolph from the Pennsylvania Business Report, he reports […]

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Supply and Demand

According to a survey by the Federal Reserve Bank of Dallas, the cost of profitably drilling a shale oil well in the US has fallen to a modern low of $50 per barrel, likely ensuring the growth of the onshore shale industry for years to come. The decrease reflects many factors including softer demand from […]

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