Shale News Updates

Government, Business, Fuel

Offshore Oil to Peak in 2020, Then Join Shale in Market Drop, Analysts Say

Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a slowdown that could dramatically rewrite market supply predictions.

November 12, 2019
Government, Business, Fuel

Shale Oil Pioneers Say the Boom Times Are Over

The days of relentless production growth from U.S. shale oil fields are ending, potentially aiding OPEC’s yearslong effort to drain a worldwide supply glut, according to industry pioneers Scott Sheffield and Mark Papa.

November 6, 2019
Government, Business, Fuel

Permian Basin Watch: America’s Hottest Shale Play Is Slowing Down

The almost relentless thrust that has doubled crude output from the Permian Basin in three years is showing some signs of waning.

July 16, 2019
Government, Business, Fuel

US Shale’s Blows Leave Middle East Oil Sellers Staggering

The U.S. oil industry is delivering a one-two punch to Middle East producers already reeling from a collapse in prices. A tussle is playing out in the market for so-called light oils, which have a lower sulfur content and are less dense than heavier varieties.

December 27, 2018
Business, Fuel, Logistics

Resurgent Oil Fields Keep Drivers in Short Supply

These are boom times in West Texas. Across the state, the robust shale industry is providing a lift to local economies and trucking companies that serve the region. It’s also a microcosm for the trucking industry overall when it comes to finding drivers to keep the wheels of growth turning.

December 18, 2018
Government, Fuel

Troubled $4.6 Billion Shale Pipe Hits New Snag on Ruling

A $4.6 billion shale gas pipeline that already has been delayed by about a year is facing another setback after a court vacated a key permit.

October 3, 2018
Business, Fuel

US Oil Debt Eases

U.S. oil and gas producers expect their borrowing ability to increase over the next few months, leaving them open to invest in new shale assets, particularly the Eagle Ford in Texas.

April 10, 2018
Business

America’s Hottest Oil Play Just Needs a Few Thousand Truckers

When the price of oil collapsed in 2014 and disrupted drilling operations all across Texas’ massive Permian Basin shale formation, truckers were among those hardest hit.

December 26, 2017
Fuel

Oil Extends Rally as Record US Shale Drilling Boom Stutters

Oil extended the longest run of gains in six months after U.S. shale explorers paused a record drilling expansion in a sign the boom may be slowing down.

June 30, 2017