Sentences with phrase «permian shale drillers»

Bloomberg noted that the Wolfcamp, where this deposit was found, has been one of the primary targets of shale drillers.

OPEC wants to talk to rival shale drillers to learn lessons of oil glut Saudis and US, seen as rivals, are actually growing together: Aramco CEO Saudi Aramco looking to Google parent Alphabet to build tech hub

OPEC wants to have an open dialogue with upstart U.S. shale drillers and learn from oil market players, after the most painful downturn in six oil price cycles.

As it happens, EnCana itself has invested in a specialized $ 10 - million plant near its Peace River, B.C., operations that treats «sour» water from a saline aquifer for use in its shale drilling.

Second, shale drillers might actually worsen their financial position if they pursue growth.

Hedge fund managers have gambled everything on a goldilocks scenario in which oil prices rise without damaging demand or spurring too much shale drilling.

Further, offshore drilling faces competition from onshore U.S. shale drilling, which can be started up and shut down quickly as oil prices fluctuate.

Another significant observation is that the shaky financial position for some shale drillers also suggests that the downside risk to oil prices might not be as serious as once thought.

OPEC wants an open dialogue with U.S. shale drillers after the most painful downturn in six oil price cycles.

Pittsburgh - based EQT Corp. is poised to become the largest producer of natural gas in the United States after announcing it will acquire fellow shale driller Rice Energy.

Exxon Mobil announced last month it would expand its efforts to capture emissions from its subsidary, XTO Energy, which focuses on U.S. shale drilling.

Both companies said they are accelerating shale drilling in the Permian Basin of west Texas and New Mexico, the largest U.S. oilfield, helping to lift the nation's output so far this year to more than 10 million barrels per day, a new record.

Price increases have been capped by rising U.S. production as shale drillers ramp up activity, underpinning a widening discount between Brent and WTI.

This is coming at a time when shareholders are demanding financial discipline and a better return on investment from shale drillers, another development that Papa believes will hold back production growth.

Papa, CEO of Centennial Resource Development, is a closely followed figure in the U.S. shale drilling world, where producers rely on advanced techniques to coax oil and gas from tight rock formations.

American shale drillers using the same technology have flooded their domestic market in recent years, pushing out higher - cost Canadian supply.

The only production that could be brought back on line fast is shale oil, but without the extremely low interest rates caused by government meddling, shale drilling will be much more expensive in the future.

Companies like Anadarko (NYSE: APC) are too large to offer the huge upside potential that small shale drillers have, but they are also not as safe as the likes of ExxonMobil (NYSE: XOM), leaving them with a tricky investment case.

The Wolfcamp, which is as much as a mile (1.6 kilometers) thick in some places, has been one of the primary targets of shale drillers.

That could weigh on the prices that Permian shale drillers receive for their product.

The share price of Carrizo Oil & Gas, an Eagle Ford - focused shale driller, has plunged by as much as 15 percent over the past week.

Needless to say, Eagle Ford shale drillers are being hit hard.

If those depressed price levels stick around, Wall Street will likely grow tired of shale drilling and start taking its money elsewhere.

Eagle Ford shale drillers were forced to shut in some shale output as both the takeaway capacity (i.e., pipelines) and Gulf Coast refineries went offline, backing up crude at the wellhead.

Even as a lot of facilities have come back online in Texas, the remaining outages could still force Texas shale drillers to take production offline at some point in the near future.

After two challenging years, shale drilling in the U.S. is bouncing back big time in 2017.

A similar program in Ohio shows teachers how to «frack» Twinkies using straws to pump for cream and advises on the curriculum for a charter school that revolves around shale drilling.

At the same time, many argue the OPEC cuts still need to be extended because a $ 60 price signal will spur more shale drilling, putting downward pressure on the market all over again.

When taken together, this combined push by shale drillers will add an incremental 800,000 barrels per day to North America's crude output by year's end, according to an analysis Wood Mackenzie.

When OPEC decided to step in to support the oil market, shale drillers saw that as the all - clear to boost spending.

As a result, OPEC has less incentive to continue to prop up oil prices by reducing its production, since all it seems to be doing is encouraging shale drillers to increase their output.

The Secretary General of OPEC, Mohammed Barkindo, has a message for shale drillers.

But the only thing that seems to cause shale drillers to reduce spending — and therefore production — is lower oil prices, since the cash flow from crude is their lifeblood.

Consequently, many shale drillers are now thriving at $ 50 crude.

Given that most shale drillers will only cut back when crude falls, OPEC's only option to get its message across might be to let the current output reduction agreement expire next March.

OPEC wants shale drillers to help it stabilize the oil market.

While those oil stockpiles have fallen this year, they haven't come down as quickly as hoped, because shale drillers promptly ramped back up.

Still, if OPEC sees that shale drillers are starting to take their responsibility more seriously, it increases the likelihood that it will extend that agreement, which could keep prices stable.

OPEC initially responded by unleashing its own torrent of oil, which it hoped would drown out weaker shale drillers.

However, the message will probably fall on deaf ears, since shale drillers aren't beholden to OPEC but shareholders.

OPEC on Wednesday raised its forecast for non-member oil supply this year to almost double the growth predicted four months ago as higher prices spur U.S. shale drilling, offsetting OPEC - led output cuts and a collapse Continue Reading

And shale drilling uses a lot of manufactured goods — 20 percent of what people spend on a well is steel, 10 percent is cement, so less drilling means less manufacturing in those sectors.»

The shale driller struggled mightily over the past few years, which ultimately led to a bankruptcy filing that it emerged from last September with an improved balance sheet.

The Haynesville Shale is one of the founding fathers of the modern shale drilling boom.

The original shale gas play, the one that kicked off the shale drilling bonanza a decade ago but then went into decline, is getting a new lease on life.

The crash in prices meant that shale drillers moved on to greener pastures, and most of them began looking for oil rather than gas because crude fetched $ 70 to $ 80 per barrel.

Now with U.S. shale drillers leading an expansion of energy production, hiring is finally back on the rise; 89 percent of energy employers surveyed told The Chronicle they will be boosting staffing levels and recruitment over the next 12 months.

While you might not get the return per barrel, that's such a lower investment risk that as soon as you have any sort of bubble - up in prices, the shale drillers will go in and take the market share.»

Large shale drillers like Marathon completed several monster wells during the first quarter.

The coalition has made the exploitation of Britain's unconventional gas reserves a top priority, offering tax breaks to shale developers and promising big benefits to communities that host shale drillers.