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Tag Archives: shale boom

NARO and ShaleCast announce alliance to educate shale owners

NARO and ShaleCast announce alliance to educate shale owners

April 20, 2016 (Chicago, Illinois) – The National Association of Royalty Owners (NARO) and ShaleCast.com today announced an alliance to assist landowners participating in the shale revolution. “We believe this platform can be a game changer for the millions of royalty owners generated by the shale boom,” said Jerry Simmons, executive director of NARO. Simmons added, “For nearly 40 years, NARO ...

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Shale boom leads US to first annual trade surplus with OPEC

In 2015, the United States recorded an annual trade surplus with the Organization of the Petroleum Exporting Countries. For the first time ever in trading with OPEC, exports exceeded imports. The United States finished $6.6 billion in the black, according to the U.S. Bureau of Economic Analysis data. More than $72 billion worth of goods were exported to OPEC countries, ...

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U.S. shale producers see big budget cuts for 2016

HOUSTON/NEW YORK – U.S. shale oil producers, having slashed fat from 2015 budgets after a 50-percent drop in crude prices, risk cutting to the bone next year as they pare spending further and get ready for a prolonged downturn. Top shale companies including Devon Energy Corp, Continental Resources Inc and Marathon Oil Corp this week released preliminary 2016 plans for ...

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Caelus hopes to extract millions of barrels of oil through North Slope fracking

State officials hope North Slope newcomer Caelus Energy Alaska can crack the code on a tricky oil prospect along the Arctic Ocean and lay the groundwork for similar opportunities scattered across the region. Success at the Nuna field west of Prudhoe Bay, where Caelus will employ fracking techniques developed in the Lower 48 shale boom, could have widespread benefits if ...

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U.S. shale boom nears turning point: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Oil production from major U.S. shale plays will decline by almost 60,000 barrels per day between April and May according to new estimates from the Energy Information Administration. Production is expected to decline in the Bakken, Niobrara and Eagle Ford plays next month. Only the ...

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Report finds minimal O&G violations in Colorado

An investigation aimed at revealing withheld oil and gas violations had the opposite effect for Colorado, The Denver Post reports. According to the report, Natural Resources Defense Council and FracTracker Alliance poised the investigation to find out “what information about oil and gas company violations is publicly available, how accessible it is and whether it provides an adequate understanding of ...

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World domination: Brent trumps Nymex in war of crude oil benchmarks

Brent’s open interest on the Intercontinental Exchange (ICE), or the number of outstanding contracts held by market players, increased to 1.99 million lots as of the end of March. That compared with 1.72 million lots for crude futures on the New York Mercantile Exchange (Nymex). For a long time, Nymex’s West Texas Intermediate (WTI) futures had been the leading benchmark, ...

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