Saturday, February 22, 2025

No, Shale’s Not Dying, It’s Just Maturing

From Forbes Recent headlines heralding the death of the U.S. shale boom are greatly exaggerated. But the fever pitch pace of shale development and U.S. production growth is slowing and it’s difficult to envision the sector returning to the same heights reached over the past two years. A slowdown was inevitable. Annual production growth of 1.5 million to 2 million barrels a

Permian ‘child’ wells may cut oil recovery up to 20%, bank says - Oil and Gas 360

U.S. shale firms cut budgets, staff as oil-price outlook dims

From Reuters Oil producers and their suppliers are cutting budgets, staffs and production goals amid a growing consensus of forecasts that oil and gas prices will stay low for several years. The U.S. has 904 working rigs, down 14% from a year ago, and even that is probably too many, estimated Harold Hamm, chief executive of shale producer Continental Resources

Exclusive Interview: Jack Greer, Chief Operating Officer of JCA Companies

JCA Companies’ COO, Jack Greer was interviewed by EnerCom’s Angie Austin at The Oil & Gas Conference® 2019. JCA Companies and its three subsidiary companies, which are headquartered in Wyoming, are focused on innovation and improving safety in the oil and gas industry. C-MOR Energy Services, Cascade, and Titan Casing provide innovative equipment, along with exceptional service. JCA Companies patent-pending

Brazil's Petrobras launches binding phase to sell onshore oil blocs - Oil and Gas 360

Brazil’s Petrobras launches binding phase to sell onshore oil blocs

From Reuters Brazil’s state-run oil company, Petroleo Brasileiro SA, has launched the binding phase of the sale of 41 onshore oil concessions in the coastal states of Bahia and Espirito Santo, according to securities filings on Friday. Petrobras, as the company is known, will sell 100% of 27 exploration and production concessions in the so-called Polo Cricare area in Espirito

Trudeau's oil pipeline tarnishes his climate credentials ahead of Canadian election - Oil and Gas 360

Trudeau’s oil pipeline tarnishes his climate credentials ahead of Canadian election

From Reuters Canadian Prime Minister Justin Trudeau has cast himself as a champion in the fight against climate change while pushing to expand an oil pipeline to help struggling producers, a contradiction that may hurt his re-election bid next month. Trudeau’s Liberal government bought the Trans Mountain pipeline for C$4.5 billion ($3.40 billion) last year to ensure the expansion would