Sentences with phrase «shale oil play»

But rather than prepare for a change in our daily doings, such as rebuilding the railroad system or promoting walkable neighborhoods over suburban sprawl, we tell ourselves fairy tales about how the Bakken shale oil play will make America «energy independent» to provide the illusion that we can keep driving to WalMart forever.

It's no secret that you've only got three shale oil plays in the U.S. of any consequence,» Papa said.

Money's shifting toward U.S. shale oil plays, as well as a formation that straddles the Alberta-B.C.

Not exact matches

Then, higher oil prices could also spur more production from areas outside the hottest U.S. shale play.

The U.S. can produce as much shale oil as it wants, but its Gulf Coast refineries are geared toward heavier kinds of crude that can easily process oil sand bitumen but aren't geared toward the lighter crude coming out of, say North Dakota's Bakken play.

«This year, however, (OPEC's) production curbs will increasingly have to make do with playing second fiddle to a Texas - sized wave of U.S. shale growth,» Stephen Brennock, oil analyst at PVM Oil Associates, said in a research note Wednesdoil analyst at PVM Oil Associates, said in a research note WednesdOil Associates, said in a research note Wednesday.

To be sure, U.S. shale oil producers have played the part of the spoiler this year.

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.

Every year, moreover, producers add to global reserves, whether through unlocking natural gas shale formations, oil sands bitumen plays, or drilling deep into the ocean floor.

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.

Many geologists are starting to raise alarm bells that the pressure in shale plays is coming off quicker than expected and shale oil wells could start turning gassy earlier and earlier.

The world's hottest shale play right now, the Permian, is boosting its oil production and contributing the most to the U.S. crude output growth.

According to UBS, oil at US$ 45 «slows most U.S. shale plays,» and the Bakken, the Eagle Ford, and the Niobrara struggle below US$ 45.

Since 2008, he's called practically every major shale play before the mainstream press got wind of them — including the now - famous Bakken oil formation and the companies that have raked in billions in profits for their shareholders.

Free Option Upside from Its 13,000 Net Acres in the Duvernay Shale Oil Play: Point Loma has established ~ 13,000 acres (20 net sections) of land within the Duvernay oil shale windOil Play: Point Loma has established ~ 13,000 acres (20 net sections) of land within the Duvernay oil shale windoil shale window.

One of those countries is Saudi Arabia, the country that has played an outsized role in collapsing the price of oil and putting many U.S. shale producers in financial jeopardy.

Lou Mercer: Yeah, so I think that's a key point, is that there are some other factors in play here, and that is that not only is oil shale production up, but the technology is getting more and more affordable, as it often does.

Even the argument over fracking in Ohio's oil shale region plays to Romney, although the Obama administration has made only the subtlest moves against oil shale fracking.

Increased water use in the rapidly growing oil industry in North Dakota's Bakken oil shale region, or play, is surprisingly due not only to oil well development but also to people, according to a recent study by the U.S. Department of Energy's (DOE) Argonne National Laboratory.

U.S. oil producers, especially in shale plays across the region, are likely crossing their fingers t...

The recent growth in unconventional oil production from the Bakken (North Dakota), Eagle Ford (Texas) and other tight oil plays has drawn attention to the potential of shale in California's Monterey Formation.

That may sound shallow considering that natural gas could play a role in gaining energy independence (from what I understand it's a mixed bag environmentally as much of the stuff is locked in oil shale) but Honda is a small company that needs to focus its limited resources.

Sprott's Eric Nuttall is most excited about pressure pumpers — companies that fracture and stimulate wells, and operate in many of the shale and tight oil plays

It's an initial sign that the oil and gas industry is waking up to the need for far more transparency if shale gas is to play a substantial role in America's energy mix any time soon.

As news spread over the weekend of the death of George P. Mitchell, the 94 - year - old Texas oil man widely credited with playing a pivotal role in unlocking the shale energy era, I reached out for a reaction from Daniel Yergin, the Pulitzer - winning chronicler of humanity's fossil fuel era.

If you dig through the EIA background reports, mor some of the stuff in OGJ, you can find equivalent analyses for every tight oil shale play in North America, except for the Monterey for reasons previously given.

The U.S. Energy Information Agency (EIA) reports that over 1,300 trillion cubic feet of technically recoverable shale and tight natural gas and 89 billion barrels 9 of technically recoverable shale oil resources currently exist in discovered shale and tight sandstone plays.

Tight oil plays, mostly from shale formations, accounted for 33 percent of all the crude oil and lease condensate proved reserves.

Second, while the 2011 report focused exclusively on natural gas, recent developments in the United States highlight the role of shale formations and other tight plays as sources of crude oil, lease condensates, and a variety of liquids processed from wet natural gas.

Low oil prices will incentivize the rapid transfer of what has been learned refracking shale gas plays for use in more liquids - rich plays like the Bakken and Eagle Ford.

A new well - level play - by - play models for tight oil and shale gas in the United States incorporating endogenous technology learning for production from individual plays.

Refineries in Texas are seeing a much - needed boost as pipelines begin to carry landlocked crude oil from U.S. shale plays to the Gulf Coast.

Argentina is on the brink of an oil and gas production explosion, with its top shale plays forecasted to vastly increase oil and gas production in the country through mid-century.

«Most oil production today is «shale plays,» he says, pointing out that the price of oil isn't high enough for energy companies to engage in offshore drilling, which would create more and better - paying jobs.