fracking

bakken map

Bakken Formation Still Has 6 Billion Barrels of Oil

How much recoverable oil does the Bakken Formation have? The most recent estimate of proved reserves is just under 6 billion barrels for the entire Williston Basin, which includes the ...
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Gas Can

Gas Moves Back Toward $3

Gasoline prices, based on the average for a gallon of regular, were $3.67 nationwide a year ago. In some parts of the country, including California, the price was closer to ...
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oil-jack-pumps

Why Oil Prices Jumped 8% on Friday

Looking at the chart for the price of West Texas Intermediate (WTI) crude oil for Friday, January 30, we see the closest thing we have seen in months to the ...
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A Recession for North Dakota?

North Dakota, while small, has been one of the jewels of the U.S. economy. Its unemployment rate was the envy of the rest of America over the course of the ...
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Drilling Rig

Outlook for Oilfield Services in 2015

The world’s four largest oilfield services companies posted all-time share price highs in mid-2008 when crude oil prices were nearing a record high above $140 a barrel. Two of the ...
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Gas pipeline

Rice MidStream Sets Price for IPO

Rice Energy Inc. (NYSE: RICE) has announced the pricing of the Rice Midstream Partners L.P. initial public offering. The offering will consist of 25 million common units with an overallotment ...
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Fracking

Follow the Sand to the Real Fracking Boom

By James Stafford of Oilprice.com When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand ...
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Smart Sand Partners Files for IPO

Smart Sand Partners L.P. has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). No terms were set for the offering, ...
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467094355

Fracking in California Gets New Approvals

Fracking may be critical to increased U.S. oil production, but it is also one of the most controversial, widespread technologies in America. Repeatedly, critics of the practice have warned of ...
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Fracking

Can Fracking in Europe to Fight Putin and Russia Gas Dependence Happen?

If you want to create a stir with any environmental group around energy, ask them how they feel about hydraulic fracturing - fracking. It probably won't go over too well. ...
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Blue flames of a gas stove

Natural Gas Soars on Cold Snap Woes

This week's cold snap and freak snow storms pushed natural gas futures up more than 10% on Wednesday. That is terrible for consumers who may see their heating bills soar ...
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Drilling Rig

Can Fracking Keep U.S. No.1 Oil Producer?

Two recent well-respected and long-running oil industry publications have proclaimed that booming production in North America, particularly in the U.S. shale fields, will hit a plateau as early as 2016 ...
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Offshore drill rig

UBS Narrows Oil Services Picks to Six Names as Sector Gets Hit Hard

The fracking revolution is helping to revive the U.S. oil exploration and production industry. It also is distinguishing the companies that are big enough and have deep enough pockets to ...
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Oil pipeline

Shale: More Proof of U.S. Energy Independence

The positive impact of shale on U.S. energy production has been forecast for years, to the extent that many experts believe America could be energy independent soon and may become ...
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Permian Basin Brings Over a Billion Barrels of Oil Opportunity

The Permian Basin in West Texas is truly a story of the Phoenix rising from the ashes. Since its discovery, the oil-rich region has had its ups and downs, with ...
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