Sentences with phrase «shale producers»

Before I put up some past predictions, let me reiterate that I myself have said that if this low oil price persists for a prolonged period, some shale producers might go bankrupt.

The sudden emergence of US shale producers disrupted market balances even as producers in the Middle East and Russia continued to pump at a record pace.

US shale producers would also disagree that Saudi Arabia has succeeded in squeezing them.

You can see this paradigm shift in that many of these shale producers have gone out and invested a lot of capital over the years and now, over the next two years or so, we're going to start to see a free cash flow payback on that initial investment and infrastructure in fracking and developing their resource.

The fractures that originate from these points can be laterally extensive, and shale producers are studying ways to avoid them from hitting their other wellbores.

One surprising factor has been that U.S. shale producers have proven more agile with costs and technology than expected, and U.S. production is off its high but fairly steady at the 9.3 million barrel a day level, according to the latest EIA weekly data.

If OPEC pumps like crazy, US shale producers can simply lie low and wait.

U.S. shale producers, meanwhile, have varied costs depending on where they are located.

Well, you have shale producers actually that get quite aggressive hedging their own production at $ 55.00.

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.

According to U.S. shale producers, it's the prolific production from the Bakken and the Eagle Ford that's taken the edge away from OPEC's market clout.

This has galvanized shale producers into doubling their efforts to meet growing demand.

Investors have avoided energy names due to concerns about oversupply — both near term, as U.S. shale producers ramped up and inventories soared, and long term, due to the popularity of electric vehicles and alternative clean energy sources.

I was concerned in several conversations, with me undertaking most of the listening, about the prospect of a sharp oil price tag spike, if the Opec exporters» cartel, getting broken US shale producers by dragging prices down, starts off limiting source as soon as much more.

And that's where shale producers can gain even more traction over heavy oil and offshore rivals, not to mention the Saudis.

In other cases, the story is more nuanced: For example, oil and gas extraction firms benefit, while the producers of petroleum and coal products lose, echoing the tension between refiners and oil - shale producers.

The $ 20 billion «Growing the Gulf» program comes a few months after acquisitions in the Permian Basin, the fastest - growing area for shale producers, totaling $ 5.6 billion.

Eagle Ford Shale drops 8 more rigs, leaving 41 at work Explorers parked more drilling rigs in U.S. oilfields as the rest of the world looks to shale producers to Continue Reading

As shale producers improve efficiency, production has risen.

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 US shale producers to continue ramping up production.»

OPEC is breaking bread with U.S. shale producers at an industry confab in Houston.

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

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

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.

Harold Hamm, CEO of Continental Resources, recently had these words of advice for fellow American shale producers: «Save that money.

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.

Activity has gradually increased as efficient shale producers capitalized on steady price gains.

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.

Market watchers have indicated that $ 50 a barrel is the cut - off point to profitability for many of America's shale producers.

Rising prices have encouraged shale producers to boost explorations plans and to pump more.

Although supply has returned to the market over the short term — due to a combination of increased production from US shale producers and the easy availability of capital via debt and equity markets — I'm expecting supply growth to moderate over the long term as capital becomes more expensive and less available to marginal energy producers.

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

We prefer shares of exploration and production (E&P) companies, particularly low - cost U.S. shale producers.

Fuel prices have been in a downtrend since June, losing nearly 50 percent of their value, on the back of a price war waged by OPEC (the Organization of Petroleum Exporting Countries) against the U.S. shale producers and as demand from China decreased amid slowing growth.

OPEC is ready to take its relationship with shale producers — once unimaginable — to the next level, inviting them to an OPEC summit.

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.»

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

After all, by engaging in these reductions, the kingdom is ceding market share to the likes of Iran, Iraq, and U.S. shale producers, who have recently ramped up exports to record levels of over 2 million barrels per day.

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.

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.

Further fears of the return of US shale producers has capped some activity, Citi said.

When asked if he was worried about U.S. shale producers ramping production and eclipsing the recent international cuts, Novak said, «Undoubtedly the joint action by many countries to achieve the balance and to reduce the output are aimed at giving stability to the market and as a result we see a great level of investment, lower volatility, prices stabilizing at a certain level, which does play out to move investment going into shale production so one needs to assess the overall supply and demand balance.»

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.

«What we are trying to understand is the responsiveness of the U.S. shale producers.

But the combination of high and seemingly sustainable prices eventually triggered a late - cycle rush of investment, not just from the majors but also the independent shale producers.

If they had adopted an even more restrictive approach to investment, prices would have risen higher, providing an even sharper incentive for other suppliers to fill the gap, most likely U.S. shale producers.

Companies such as EOG Resources Inc, one of the financially strongest US shale producers, are turning to drillcos.

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.

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.

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.