The US Energy Information Administration has reported that drilling for shale gas and light
tight oil in the United States became much more efficient throughout the period 2007 — 2014.
Four large - scale shifts in the global energy system set the scene for the World Energy Outlook 2017: the rapid deployment and falling costs of clean energy technologies, the growing electrification of energy, the shift to a more services - oriented economy and a cleaner energy mix in China, and the resilience of shale gas and
tight oil in the United States.
A decade ago, no one projected the growth in shale gas or
tight oil in the US or anywhere else in the world.
Not exact matches
«We expect the stagnation trend to continue and potentially accelerate next year, exacerbated by lower
oil prices,
tighter monetary policy and continued uncertainty on the geopolitical front,» noted Barclays economist Eldar Vakhitov
in a recent report.
Should Venezuela seek to reinvigorate PDVSA, it would be bad news for Alberta's
oil industry, which is already struggling to compete with rising
tight -
oil production
in the United States.
Another catalyst can be found
in the surge
in WTI
oil due to
tighter inventories corresponding with less flow through the Keystone pipeline from Canada.
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.
They have access to both surging light -
tight oil production, which will be
in demand as low - sulfur requirements tighten
in shipping at the end of the decade, as well as captive (and cheaper) Canadian heavy barrels.
Gasoline retailers decided to make some money, spring vacationers drove up demand, crude
oil prices went up, and gas refineries continued to undergo seasonal maintenance, resulting
in tighter supplies.
Oil production from tight oil plays in the U.S. Source: Drilling Info and Labyrinth Consulting Services, In
Oil production from
tight oil plays in the U.S. Source: Drilling Info and Labyrinth Consulting Services, In
oil plays
in the U.S. Source: Drilling Info and Labyrinth Consulting Services, Inc..
Advances
in horizontal drilling and hydraulic fracturing over the past 20 years led to a U.S. energy boom
in «unconventionals,» a category that includes the shale gas and «
tight»
oil found
in shale fields like the Cretaceous Eagle Ford and Mowry and older ones like the Barnett and Bakken.
This parched patch of land, under which lies the largest
oil - producing rock formations
in the United States, is the epicenter of a growth binge that shows just how
tight the link remains between low unemployment, rising wages, and upward pricing pressure.
OPEC gathered
in Vienna at a time when the
oil market arguably looks
tighter than it has
in a very long time.
U.S.
tight oil production increased
in 2017, accounting for 54 % of total U.S. crude
oil production,
in part because of the increasing productivity of new wells.
In today's tighter price environment, Big Oil is in a renewed competitive position because there is competition for new capital investments, which means lower production taxes, much lower production costs, and easy access to resource
In today's
tighter price environment, Big
Oil is
in a renewed competitive position because there is competition for new capital investments, which means lower production taxes, much lower production costs, and easy access to resource
in a renewed competitive position because there is competition for new capital investments, which means lower production taxes, much lower production costs, and easy access to resources.
Consider
in particular the technological progress that enabled producers to tap
tight oil reserves.
«If this leads to a larger discount
in tight oil grades, further incentivizing domestic processing, the U.S. may be set up poorly for strengthening distillate demand later
in the year.»
«We have an explosion of
tight oil production
in Canada and the United States, and most of it is moving by train,» said Anthony Swift, a lawyer with the Natural Resources Defense Council
in Washington.
Mitchell, who died two years ago at age 94, was reportedly among those urging for
tighter regulation of the practice, fearing that small, independent drillers might take dangerous shortcuts as they rushed to participate
in a historic
oil boom.
However,
in spite of their attempts to destroy the North American
tight oil industry be assured that the Saudis have failed.
Gas is easier to produce than
oil from shale and other «
tight» rocks, and by 2040 the EIA expects US production to be 56 per cent higher than
in 2012.
President Donald Trump will decide by May 12 whether torestore U.S. sanctions on Tehran, which would likely result
in areduction of its
oil exports.Not all market indicators point towards
tighter supplies, however.U.S.
Gains
in Texas crude
oil production come primarily from unconventional
tight oil and shale reservoirs
in the Eagle Ford Shale
in the Western Gulf Basin and the Permian Basin
in West Texas.
Tight oil appears to be
in a bubble that has about 4 - 6 years left before it collapses (see these articles: http://olduvai.ca/?p=28146; http://olduvai.ca/?p=21834; http://olduvai.ca/?p=26038).
shale
oil may be a bubble but countries like Libya Iraq Iran produce nothing compared to their potential / production capacity + there is always offshore exploration recently Morocco seems to be
in the spot light not to mention the arctic sea / north pole especially Russia where a new Koweit is to be found and also south China sea Venezuela's
tight oil if all the types of
oil are included venezuela must be a heaven with a quarter of global
oil reserves with +300 billion barrels more than 260 bbls of Saudi Arabia that can still produce more than 10/11 million barrel / day that it's procucing today.
The geopolitical risk premium has increased significantly
in recent times as
oil markets are much
tighter than they were one...
Oil in Global Economy Series: Tight supplies amid higher demand pushes Saudi to increase oil price for Asian custom
Oil in Global Economy Series:
Tight supplies amid higher demand pushes Saudi to increase
oil price for Asian custom
oil price for Asian customers
Brent crude
oil is currently stuck
in a relative
tight range with low volumes seen following yesterday's Netanyahu surge.
ARC Energy Research Institute forecasts $ 30 billion will be spent
in conventional and
tight oil and gas formations
in Canada this year, which is more than twice the $ 12 billion
in investment projected to go into the oilsands, but still well below the peak of $ 46 billion spent
in Canadian conventional
oil and gas production
in 2014.
While gold prices have more or less remained
in a
tight band from the start of 2016, the escalating crisis
in the Middle East has led to massive volatility
in crude -
oil prices, and at the end of November this year, crude
oil has rallied by 55 percent compared to the 20 - percent gain
in gold.
I created the above chart of IPOs for 1990 - 2016 using Univerisity of Florida's Jay R. Ritter's data, Prof. Ritter uses a
tight definition of IPOs which I believe is more helpful for getting a sense of where we are
in the current bull cycle by excluding some noise, «follow - on offerings,
oil & gas partnerships or unit trusts, ADRs (9 offerings), REITs», etc..
Heat butter and olive
oil in a 3 - to 4 - quart Dutch oven or heavy - bottomed saucepan with a
tight fitting lid over medium heat.
Tip # 2: You will need to store the tahini
in a BPA - free air -
tight container
in the refrigerator, and it may become hard (due to the coconut
oil), but just leave it out on your counter top at room temperature before using, or put it
in a bowl of warm water to soften it up.
Melt the butter and
oil in an oven - safe pot or Dutch oven (with an accompanying
tight - fitting lid) set over medium heat.
In a small jar with a
tight fitting lid, combine olive
oil, maple syrup, lemon zest, lemon juice, garlic, salt and pepper.
In an empty jar with a
tight fitting lid, combine vinegar, olive
oil, and anchovy paste and shake vigorously.
In a small container with
tight fitting lid, add sesame
oil, vinegar, soy sauce, garlic powder, sugar, and sesame seeds.
Pour a little of the
oil in a heavy pot with a
tight fitting lid.
Heat
oil in heavy bottomed ovensafe 12 inch straight sided sautee pan or Dutch oven with
tight fitting lid over low - medium heat about 2 minutes.
Place
oil, vinegar, mustard, shallot, salt, and pepper
in a small jar with a
tight - fitting lid; attach lid, and shake vigorously until combined.
In a small jar with a
tight - fitting lid, combine the garlic, mustard, vinegar and olive
oil.
For all batches, start with olive
oil in a medium pan with a
tight closing lid (I like to use mine with a glass lid so I can see the kernels popping).
Heat
oil in a large shallow pot with a
tight fitting lid over medium - high heat.
In a jar with a
tight fitting lid combine the
oil and vinegar.
Add olive
oil and wrap the garlic
in the foil
in a
tight package.
In a bowl take wheat flour and add all the spices - carom seeds, coriander powder, red chili powder, salt, turmeric powder and
oil and mix it nicely with hands and add adequate water and make a
tight dough.Apply
oil on the dough and cover it and rest it for 15 - 20 mins.
In pot with
tight - fitting lid, heat olive
oil over medium high heat.
In a jar with a
tight - fitting lid, combine the lemon juice and zest, olive
oil, dijon, garlic powder, syrup, salt and pepper.
Combine the
oil, lemon juice and zest, and honey
in a small jar with a
tight - fitting lid and shake until the honey dissolved and the dressing has emulsified.
Heat the olive
oil in a large dutch oven (one with a
tight - fitting lid).