Sentences with phrase «shale oil producers»

Refracture treatments («refracking») has the potential to become the secret weapon that allows shale oil producers to sustain and even grow oil production at low oil prices.

As prices soared to unprecedented highs in 2014, US shale oil producers increased production.

The Kingdom will have to contend with increased production from Iran and Iraq, along with tackling the U.S. shale oil producers.

U.S. shale oil producers have responded to the oil price collapse so quickly, and with such discipline, that they've shown they are able to turn production on and off as if with a light switch.

For leading U.S. shale oil producers, $ 40 is the new $ 70.

As Warren Buffet warns about company's stock prices that have debt, as in many shale oil producers, the capital to ramp up shale may be limited in the near term.

I can't emphasize enough how impressive it is that Texas shale oil producers continue to ramp up output even with crude remaining in the $ 50 per barrel range.

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

The agreement does not include U.S. shale oil producers, and there are concerns that rising oil prices, largely thanks to the oil output cut, has allowed U.S. producers to come back online.

Ahead of the deal, however, Nigeria's oil minister had insisted the group was «aligned» and was in agreement about extending the cuts, despite the risk of a strong comeback by U.S. shale oil producers.

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.

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.

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.

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.

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.

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.

The US oil industry has slowed down: but EOG Resources, the country's largest shale oil producer, has forecast a return to «double - digit» production growth if the US benchmark, West Texas Intermediate, rises to $ 65 per barrel or higher.

Not exact matches

The quest to regain the top producer spot in one of the most - prolific U.S. shale basins had eluded Hamm's Continental since at least 2014, when Whiting bought smaller rival Kodiak Oil and Gas.

For the second consecutive quarter, Continental bested rival Whiting Petroleum Corp to be the largest oil producer in the Bakken, solidifying that crown and its place as one of the most - prolific U.S. shale companies.

But growing oil prices has had the unintended side effect of allowing U.S. shale producers to restart operations.

U.S. shale producers have pioneered new techniques to drill oil more efficiently but also in places that were once seen as impossible.

The largest oil producer in North Dakota's Bakken shale formation posted a net profit of $ 15 million, or 16 cents per share, in the quarter ended March 31, compared with a loss of $ 87 million, or 96 cents per share, a year earlier.

To get the oil, producers fracture, or «frack,» the earth below with a high - pressure liquid mixture to untap oil and gas from shale rock.

Analysts estimate that a sanction - free Iran could add another 1 million barrels per day of oil to global supply by 2016, providing a supply cushion if U.S. shale producers end up running out of financing.

But they represent another way for Wall Street and shale producers to increase the flow of oil, and frustrate plans by the Organization of the Petroleum Exporting Countries to prop up prices.

Other analysts, like economist Nouriel Roubini, argued that cheap oil would last just a year or 18 months before producers like Saudi Arabia had successfully flushed out higher - cost competitors like shale producers here in the U.S.

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.

«U.S. shale growth is very strong, the pace is very strong... The United States will become the No. 1 oil producer sometime very soon,» he told Reuters separately.

Analysts interpreted this move as an attempt to squeeze higher - cost producers, including U.S. shale oil, out of the market.

The relentless rise of U.S. shale growth could soon spark another dramatic change of policy from leading oil producers, according to the latest monthly report from the International Energy Agency (IEA).

U.S. shale producers are churning out crude oil at such a relentless pace that the country will soon become the most influential player in the energy market, according to an analyst.

Who could have foreseen that OPEC would decide to sacrifice billions of dollars by refusing to curb production, just so it could hurt shale - oil producers in the United States?

US - based shale producers including EOG Resources Inc., Continental Resources, Inc., and Pioneer Natural Resources are set to suffer as oil prices continue to be weighed down by the increased production Trump's policies imply.

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.

What's more, any uptick in oil prices will likely incentivize non-OPEC countries, for instance, U.S. shale producers, to pump up supplies.

O'Loughlin said that relatively high oil prices, supported by healthy demand and production cuts by the Organization of the Petroleum Exporting Countries (OPEC) to tighten markets, «are encouraging U.S. shale producers to continue ramping up production.»

Then, in late 2009, Exxon Mobil, the biggest of Big Oil companies, bought shale gas producer XTO Energy for US$ 41 billion.

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.

Until very recently, it was the world's top oil producer and exporter, before the American shale boom catapulted the U.S. into first place.

That's something neither oil sands players nor shale producers appear willing to do.

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.

For the longest time, OPEC and Russia have been pulling out all the stops to limit the production of crude oil in the East, while shale producers in the West have only been taking advantage of these efforts to ramp up their own output.

Such an agreement would help support oil prices — Saudi Arabia, in particular, seeks higher prices to take Saudi Aramco, the world's largest energy company, public — but it's likely American shale producers would ramp up production to fill the void.

But as the glut diminishes and bullish sentiment increases alongside oil prices, U.S. shale producers are rushing to hedge again at the WTI prices above $ 50 to lock in future production.

As the oil price increases, the shale output will also increase with more producers in the market.

Crude oil continues to trade lower than expected this year because shale producers have ramped their output, offsetting the OPEC - led production cuts.

In many areas as technology improves, many shale producers will do quite nicely at $ 70 oil.

While it's perfectly true that there isn't enough U.S. shale to flood the world with oil, a lot of what there is is historically cheap to produce so as to give crude from the Middle East a real run for its money; and a solid proportion of that production has been sold forward at attractive levels in the futures market ensuring financial stability for U.S. producers.