The general consensus we keep reading is that most shale drillers are returning to “moderate” growth this year. But what does that mean? How much growth in production (and consequently in new spending) is moderate? Based on an article appearing in the Washington Examiner, we think we have the answer.
Read More “2022 is an “Important Year Ahead” for U.S. Shale – Moderate Growth?”
What’s the best way to defeat an enemy? Without ever firing a shot, of course. Convince your enemy to bow to and obey your commands. That’s what comes to mind with one of this country’s enemies, Saudi Arabia, and a recent “technical workshop” they held via videoconference with some 100 oil and gas companies around the world. The Saudis (i.e. OPEC) were essentially telling these other oil companies, with a big smile plastered across their faces, just how much oil and gas these other companies will be permitted to produce, and when they can produce it. And these other companies, some of them in this country, obsequiously bowed to their Saudi overlords. Sickening, no?
Read More “OPEC Holds First “Technical Workshop” with Energy Cos Worldwide”
Joe Biden is completely inept. Everyone can see it, whether they publicly admit it or not. He’s blown it. For any given decision he’s made, he’s made the wrong decision 100% of the time. Yesterday we told you about Biden’s preference for OPEC oil over American oil (see Biden Favors OPEC Oil, Gives “Middle Finger” to American Energy). Now that his policies of blocking pipelines and blocking new drilling on federal lands have contributed to (the primary factor in) a worldwide crisis and oil shortage, Biden is asking American oil companies to increase production. Their response? “Here’s the middle finger right back at ya, big guy…”
Read More “American Energy Gives Biden “Middle Finger” on More Production”
Comrade Joe Biden has painted himself into a corner. As Biden entered office, the United States of America was, after more than 50 years, energy independent. Upon seizing power, Biden canceled the Keystone XL pipeline from Canada and illegally banned federal oil and gas leasing. Now we have an oil and gas shortage and Biden is begging OPEC+ to increase production. What a dunce. This is how inept socialists are. So what can Biden do to get himself out of the corner he’s painted himself (and us) into?
Read More “As Energy Prices Soar, What Options Does Comrade Biden Have?”
Yesterday we told you that a program would air last night on the Fox Business channel featuring Cameron Energy, a conventional oil driller in western Pennsylvania (see PA Driller Cameron Energy Featured on Fox “How America Works” Tonight). It was a fabulous program! We have an extended clip below. In the runup to airing the program, Fox interviewed Arthur and John Stewart, the owners of Cameron Energy, on the program “Cavuto: Coast to Coast.” The two had some interesting things to say about the Biden administration and the eco-zealot left’s attacks on fossil energy.
Read More “Cameron Energy Says Eco “Religious Fervor” Destroying U.S. O&G”
The price of gasoline at the pump in the U.S. is up a full dollar over the past year. Even half-with-it politicians like Joe Biden knows high pump prices equal rebellion at the ballot box. Biden killed the Keystone XL pipeline on his first day in office. Then he blocked new drilling on federal lands. Biden’s disastrous picks to run Interior, Energy, EPA, and FERC are killing the fossil fuel industry here at home. Oil production is tanking. So how does old dementia Joe propose to “fix” high prices at the pump? How will he fix the mess he’s made? Biden goes begging, hat in hand, to the vicious tyrants that run OPEC+ (America’s enemies), begging them to pump more oil to drive down gas prices. What a pathetic dope. Not even the weak, genuflecting American Petroleum Institute (API) can stomach Biden’s OPEC+ begging.
Read More “US Oil Groups Chastise Biden for Begging OPEC+ to Pump More Oil”
The tinpot dictators who run the Organization of the Petroleum Exporting Countries plus Russia (OPEC+) can’t agree on increasing overall production levels of oil. What a surprise. Meanwhile, America’s own shale frackers refuse to increase their own drilling to meet the increase in world demand, having been cowed by woke leftists into “behaving” themselves. And so the world’s oil production (not supplies, but actual production) continues to decline at a time when more oil is needed. Lack of supply is driving the price of oil higher.
Read More “Oil Price Hits 6-Year High – OPEC+ in Crisis with No Agreement”
The U.S. oil rig count pushed to an 11-month high in the week ended March 10, led by a continued recovery in the Permian basin, according to Enverus. The number of active net oil rigs rose by five over the past week to 371, the highest since the week ended April 15 of last year. However, gas-focused rigs decreased. Bummer. The Marcellus in the dry gas northeastern PA region lost two rigs and the Utica in Ohio lost 1 rig. Another gas-focused play, the Haynesville in Louisiana, lost 1 rig.
Read More “Enverus US Rig Count Up +1; Marcellus Drops 2, Utica Drops 1 Rig”
For the week ending March 3, the Enverus U.S. rig count soared by another 30 rigs, an indicator that activity is picking up in the oil and gas sector. The vast majority of the rigs (27) were brought online in oil-focused plays (12 of them in the Permian alone). Just 3 net rigs were brought online in gas-focused plays. The Utica Shale increased by 2 active rigs, while the M-U’s chief rival for rigs, the gassy Haynesville, added 3 rigs. (Obviously, some gas rigs were idled in other plays if there were +5 brought online in the Utica and Haynesville.)
Read More “Enverus U.S. Rig Count Sees Massive Increase, Up +30; Utica Up +2”
The so-called peak oil theorists have been positively giddy with excitement over predictions about the death of oil. “Just look at how much oil production demand AND supply has decreased since the outbreak of the pandemic. It’s NEVER coming back!” Those are the kinds of things the peakers tell themselves and anyone else who will listen. Mainstream media laps it up and repeats it. But when real researchers delve into the topic of whether or not oil has reached its zenith, the facts tell a far different story.
Read More “The Pandemic and the End of Oil? New Report Says No”
According to the data experts at Enverus, the U.S. oil and gas rig count ended the year at 407 rigs, down slightly more than 50% from the same point in 2019. The Marcellus play ended the year with 32 active rigs, and the Utica with 6 active rigs (total of 38 active rigs in the M-U). At the end of 2019, there were 840 rigs operating in the U.S.
Read More “Enverus U.S. Rig Count Ends 2020 Down 50% from 2019”
The story of the Marcellus/Utica is a story of natural gas. At least, mostly. We focus almost exclusively on natgas production here on MDN. But there is another story in the M-U, and that’s shale oil. More oil is produced in the Ohio Utica than in the Pennsylvania and West Virginia Marcellus, but all three states produce at least some oil from their shale plays. We spotted a new report about the use of carbon dioxide (CO2) and its use in “enhanced oil recovery” or EOR. The report covers (in part) the Marcellus region and was co-authored by researchers at West Virginia University.
Read More “WVU Co-Authors Study Using CO2 to Extract More Oil/Gas from Shale”
The Enverus U.S. rig count continues to rise. Two weeks ago the nationwide count was 382. As of Wednesday, the count stood at 396, up 14. Over the past week, the Marcellus shale play in northeastern PA lost a rig. The combined M-U rig count is now 32.
Read More “Enverus U.S. Rig Count Up Again, PA Marcellus Loses 1 Rig”
The Enverus U.S. rig count rose by a whopping 20 to 379 over the past week. Prior to that, the count rose by 11, 11, and 13 for each of the three weeks prior, respectively. That’s up 55 rigs over the past month! The Marcellus and Utica each remained constant last week, not adding and not dropping. The Marcellus stands at 27 rigs, and the Utica at 6.
Read More “Enverus U.S. Rig Count Jumps Up 20 to 379, M-U Holds Steady at 33”
The Enverus U.S. rig count rose by 11 to 347 over the past week, after having going up by 13 the week before (see Enverus US Rig Count Leaps Up 13, Marcellus Rigs Up by 4). The Marcellus Shale dropped one rig, but the Utica Shale picked up a rig, so overall the M-U maintained at 32 active rigs.
Read More “Enverus US Rig Count Gains 11; Marcellus Down by 1, Utica Up by 1”
The Enverus U.S. rig count rose by 13 to 336 over the past week, after having slid backward the week before (see Rig Count Slides Backward by 3, Marcellus Lost 2 Rigs Last Week). The best news? The Marcellus region gained four active rigs, two in the dry gas northeast region, and two in the wet gas southwest region. The Ohio Utica Shale maintained its seven active rigs.
Read More “Enverus US Rig Count Leaps Up 13, Marcellus Rigs Up by 4”