Sentences with phrase «on shale oil»

There's still much debate on the shale oil accessibility, but based on the successful development of a well in the state's northeast Weld County, Greeley city planners tentatively look toward a strong future of growth.

May 11 (UPI)-- There may be certain members of OPEC acting as «tools» for a U.S. government looking to capitalize on shale oil momentum, Iran's oil minister said.

$ 100 billion per year is already spent on outages per year due to climate - related damages to grid infrastructure alone in the US; this will only increase as America becomes more dependent on shale oil and gas.

Not exact matches

Oil and gas will remain key energy sources despite the presence of shale and other alternative energy resources, the president of oil and gas company BHGE told CNBC on MondOil and gas will remain key energy sources despite the presence of shale and other alternative energy resources, the president of oil and gas company BHGE told CNBC on Mondoil and gas company BHGE told CNBC on Monday.

Also, notwithstanding a silly fiscal policy and the ongoing political impasse, the U.S. economy has some very good things going for it now, as even king of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its asset - buying regime for the foreseeable future, providing a monetary protein shake the recovery still very much needs; the housing rebound is well on its way, which is helping Americans rebuild their wealth and is boosting employment in many states with high jobless rates; and the shale oil and gas revolution continues to power investment, job creation and revenue growth.

The shift, an EIA report released on Friday noted, reflects both a steadily growing Chinese demand and flat - lining U.S. oil imports as a result of America's shale oil boom.

The firm had taken a bearish view on Exxon due to challenges in its European natural gas operations, «lackluster» growth in oil and gas production, a pricey acquisition in U.S. shale fields and the lack of share buybacks.

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

HOUSTON, April 16 - Billionaire activist investor Carl Icahn on Monday nominated a five - person slate of his employees and business associates to replace the SandRidge Energy Inc board of directors, escalating his fight for control of the U.S. shale oil producer.

HOUSTON, April 16 (Reuters)- Billionaire activist investor Carl Icahn on Monday nominated a five - person slate of his employees and business associates to replace the SandRidge Energy Inc board of directors, escalating his fight for control of the U.S. shale oil producer.

The United States will overtake Russia as the world's biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said on Tuesday, as the country's shale oil boom continues to upend global markets.

HOUSTON, April 10 - U.S. shale oil producer Devon Energy Corp said on Tuesday it would lay off 300 workers, roughly 9 percent of staff, part of a plan to streamline its operations.

March 27 - Reliance Industries Ltd said on Tuesday its unit would sell some of its shale assets in the United States to privately held Sundance Energy Inc for $ 100 million, as the Indian oil - to - telecom conglomerate moves closer to exit U.S. shale investments.

Production from shale has helped keep a lid on crude oil prices at about $ 120 a barrel, giving western countries leverage to impose sanctions on Iran, a key supplier.

The so - called shale revolution could help to alleviate Washington's reliance on foreign oil, including from turbulent Middle Eastern states, while also supporting a bid to export to more countries around the world.

Whether or not that happens — and frankly, it's an extreme example of the worst - case scenario for US shale producers — a glut of global oil inventories is already weighing on oil prices.

This is especially true in the new boomtowns that have powered the shale oil revolution in the U.S. (For an on - the - ground report from North Dakota oil country, see «Waiting for the Reckoning.»)

While the Obama administration put commercial leasing on hold, then, elsewhere in the federal government people have been feverishly researching ways to facilitate the development of America's oilsands and oil shale.

Concerns over the U.S. shale engine may have recently been put on the back burner but this reprieve is not expected to last,» PVM Oil Associates strategist Stephen Brennock said.

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.

The sale would come as the offshore sector continues to struggle with low oil prices, and oil exploration and production companies focus investments on lower cost shale fields onshore, particularly the Permian Basin in West Texas.

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.

NEW ORLEANS (Reuters)- U.S. shale oil producer Anadarko Petroleum Corp expects double - digit increases in service costs this year for its operations in the Permian Basin, the largest U.S. oilfield, its chief executive said on Tuesday.

NEW ORLEANS U.S. shale oil producer Anadarko Petroleum Corp expects double - digit increases in service costs this year for its operations in the Permian Basin, the largest U.S. oilfield, its chief executive said on Tuesday.

His front - page articles on fracking and shale gas and oil introduced readers to the companies, technology, and personalities that changed the global energy landscape.

China is becoming a key market for global oil exporters as surging output from shale fields from Texas to North Dakota allows the U.S., the biggest crude consumer, to rely less on overseas supplies.

According to the Energy Information Administration's (EIA) most recent report on drilling productivity, total U.S. shale oil output is expected to climb above 6 million barrels a day for the first time in September.

NEW ORLEANS, March 27 U.S. shale oil producer Anadarko Petroleum Corp expects double - digit increases in service costs this year for its operations in the Permian Basin, the largest U.S. oilfield, its chief executive said on Tuesday.

Meanwhile, continued development of shale oil and gas in Pennsylvania, Ohio, West Virginia, and elsewhere has helped reduce U.S. dependence on foreign energy and brought back thousands of manufacturing jobs.

This means that new oil supply can come back on stream profitably — especially in US shale plays — at lower prices than before, perhaps putting a lid on further price increases.

A sale of Apache Canada would mark the Houston - based company's exit from the country, the latest international oil firm to sell Canadian operations in favor of concentrating on U.S. shale plays.

According to the IEA, the drilling boom for shale oil is putting US production on track to pass Saudi Arabia.

One portion of the giant field, known as the Wolfcamp formation, was found to hold 20 billion barrels of oil trapped in four layers of shale beneath the desert in West Texas, the U.S. Geological Survey said in a report on Tuesday.

He's also chairman of a $ 26 million fund, BH Logistics, established in April with backing from a Chinese conglomerate, and a $ 40 million fund involved in shale oil exploration, according to documents filed in June and first reported on by Bloomberg News.

Getty Images Floor hands work on an oil rig in the Bakken shale formation outside Watford City, North Dakota.

The shale oil industry was scam by the big private equity funds who took a flier on the shale business because the bond market gave them access to dirt cheap capital thanks to the Fed's ZIRP.

In a sign that the U.S. shale patch is boosting output that has been keeping a lid on oil prices, four U.S. shale companies reported second - quarter production that beat targets and increased their respective full - year output growth guidance.

In terms of oil shipments to the U.S. and China, Saudi exports to the U.S. have been on the decline as the total U.S. imports fall while domestic shale production rises.

The Argentina government has been keen on attracting some of the largest energy companies in the world to scale up shale oil and gas drilling.

After becoming CEO in 2006, Tillerson led Exxon through more than a decade of ups and downs that included the late Hugo Chavez's seizure of Venezuelan oil fields, annual profits that set U.S. corporate records, and a 2010 shale acquisition that turned into a $ 35 billion wrong - way bet on natural gas.

One small group thinks that lower for longer could end soon because U.S. shale can't keep a lid on prices forever and can't catch up with expected robust demand — all the more so that investments in conventional supply around the world have slumped since the oil prices started crashing.

US crude oil production shattered a 47 - year output record in November, and then retreated slightly in December, the Energy Information Administration said on Wednesday, as oil production from shale continued to upend global supply patterns.

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

These include: the slowdown in China, the recessions in Brazil and Russia, the emergence of new supplies of energy such as US shale oil, Iran and Iraq ramping up production, and commodity investment projects in Chile and elsewhere coming on stream.

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.

His travels took him on a whirlwind sojourn, from the massive shale gas deposit in the Marcellus Formation to Alberta's remote oil sands region, helping his readers build life - changing wealth every step of the way.

Now, investors are eyeing an OPEC meeting on November 27 to see whether the organization could even cut prices further in an attempt to retain its global market share, particularly in the face of competition from the U.S. where oil production has increased thanks to the shale gas industry.

HOUSTON Devon Energy Corp said on Tuesday it would lay off 300 workers, roughly 9 percent of staff, part of a plan to streamline operations and boost the shale oil producer's sagging returns and stock price.

NEW ORLEANS U.S. oil producer Devon Energy Corp said on Monday it was looking to sell even more assets than previously announced in order to focus its portfolio on three shale regions.

HOUSTON (Reuters)- Devon Energy Corp said on Tuesday it would lay off 300 workers, roughly 9 percent of staff, part of a plan to streamline operations and boost the shale oil producer's sagging returns and stock price.