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Tag Archives: shale

Dig a little deeper in the Bakken and find Three Forks

Three forks shale

Marketwatch.com One year ago, I wrote this story, asking—could the Bakken ever hit 1 million barrels of oil per day (bopd) production? Well, now the Market is asking—when (not if) will it hit 2 million? A massive, 76-page report from Goldman Sachs from late September suggests 2023—that’s another TEN YEARS of growth—with the biggest growth year being next year, in ...

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Shale headed down the path of destruction?

oil money

LONDON: Shale skeptics have seized on big writedowns in the value of shale gas and oil properties in North America to question whether the fracking revolution could be running into trouble. On Aug. 1, Shell became the latest in a long line of oil and gas companies to reveal a multi-billion-dollar writedown in acreage value. It announced just over $2 ...

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Chevron, Argentina’s YPF sign $1.24 bln Vaca Muerta shale deal

Chevron Corp

Tue Jul 16, 2013 7:56pm EDT * First major private investment since YPF re-nationalized * Argentina changed regulations on Monday to lure shale investment By Alejandro Lifschitz and Karina Grazina BUENOS AIRES, July 16 (Reuters) – U.S. oil company Chevron Corp signed an agreement with Argentina’s YPF on Tuesday to invest $1.24 billion in the Vaca Muerta shale oil and ...

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