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Tag Archives: shale oil

Four countries added to global shale oil, natural gas assessment

global shale resources

The Energy Information Administration continues to expand its assessment of technically recoverable shale oil and natural gas resources around the world. The organization added four new countries – Chad, Kazakhstan, Oman and the United Arab Emirates – to the previous 42 countries.  The additions resulted in a 13 percent increase in global assessed total resource estimate for shale oil and ...

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More companies operating in Bakken oil patch file bankruptcy

BISMARCK, N.D. — Two more energy companies operating in North Dakota’s Bakken oil patch have filed for Chapter 11 bankruptcy in the midst of slumping crude prices. The Bismarck Tribune reports Tulsa, Oklahoma-based Samson Resources and Denver-based American Eagle Energy plan to sell off Bakken assets to pay debts. Between June and late September, 10 oil and gas companies filed ...

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Shell CEO sees first signs of oil price recovery

LONDON – Oil markets are beginning to recover but the scale of global oversupply means prices may rise only slowly, the chief executive of Royal Dutch Shell Plc <RDSa.L> said on Tuesday. “I see the first mixed signs for recovery of oil prices,” Ben van Beurden told an oil industry conference in London. “But with U.S. shale oil being more ...

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Shale gas violations down as DEP steps up inspections

Pennsylvania oil and gas producers pinched by the lowest prices in years are not catching any breaks from state regulators. The Department of Environmental Protection’s oil and gas office conducted 1,700 more inspections during the first seven months of the year, an 11 percent increase over the same period in 2014, according to department data. A boost in office staff ...

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Study finds natural gas reserves in Appalachia larger than estimated

A shale formation that runs through portions of West Virginia and neighboring Appalachian states has more recoverable natural gas reserves than initially estimated, a new study released on Tuesday has found. Release of the findings comes one day after industry officials announced that natural gas has surpassed coal as the nation’s top source of electricity, a development made possible by ...

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Oil prices settle into new equilibrium: Kemp

jack

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Benchmark crude oil prices have barely moved for more than two months, implying the market has found a temporary equilibrium after the enormous price shock in the second half of 2014 and early 2015. Over the last 30 trading days, the range between the highest ...

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