Industry News

Texas shale field production predicted to continue to grow in October

date September 18, 2018
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Texas shale field production predicted to continue to grow in October

Houston Chronicle | Rye Druzin Texas shale will continue to rise in the coming months as it accounts for a greater share of overall U.S production. The Eagle Ford Shale in South Texas is expected […]

Technology And Efficiency Gains Create A “New Normal” For U.S. Shale

date September 18, 2018
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Technology And Efficiency Gains Create A “New Normal” For U.S. Shale

Forbes | David Blackmon Technological advancements along with improving market fundamentals have contributed to the rapid rise of shale oil production. The hits just keep on coming from the U.S. Energy Information Administration (EIA). As […]

United States now the largest global crude oil producer

date September 12, 2018
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United States now the largest global crude oil producer

San Antonio Business Journal | Sergio Chapa The U.S. is now the world’s largest oil producer powered by Texas shale. Production in the nation’s shale basins has helped the U.S. surpass Russia and Saudi Arabia […]

North America Will Contribute 44% of Global Crude Oil Pipeline Additions to 2022, Says GlobalData

date September 5, 2018
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North America Will Contribute 44% of Global Crude Oil Pipeline Additions to 2022, Says GlobalData

OilVoice | Staff Booming unconventional oil and gas production is in turn driving the growth of the pipeline network in the U.S. North America is forecast to add the highest trunk pipeline length to the […]

United States Will Drive Growth for Oil Storage Industry in North America

date September 2, 2018
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United States Will Drive Growth for Oil Storage Industry in North America

Oilman Magazine | Staff A newly published research indicates that the U.S. will lead the growth in oil storage in North America. The US will drive most of the growth in oil storage industry in […]

If The U.S. Oil Industry Is To Continue To Grow, Exports Must Grow With It

date August 30, 2018
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If The U.S. Oil Industry Is To Continue To Grow, Exports Must Grow With It

Forbes | David Blackmon At the State of Energy event, experts said that the Eagle Ford Shale has moved into a more healthy status. Judging from the attendance at Wednesday’s State of Energy event in […]

US shale growth will offset global production problems over the coming months, analysts say

date August 15, 2018
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US shale growth will offset global production problems over the coming months, analysts say

CNBC | Sam Meredith U.S. shale growth plays a significant role in solving the world’s production problem, according to industry analysts. A sustained upswing in U.S. shale growth is likely to offset global production problems […]

The U.S. Becomes an Oil Economy

date August 13, 2018
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The U.S. Becomes an Oil Economy

Bloomberg | Justin Fox Booming production and falling imports enable US to become a major oil power again. The oil market has changed a lot over the past decade. The U.S. has gone from a […]

Profitability is Finally Within Reach for U.S. Shale

Profitability is Finally Within Reach for U.S. Shale

OilPrice.com | Nick Cunningham According to the IEA, the US oil and gas industry is anticipated to achieve profitability in 2018. The shale industry is on the verge of becoming profitable…for the first time. “Higher […]

How The Fracking Revolution Broke OPEC’s Hold On Oil Prices

How The Fracking Revolution Broke OPEC’s Hold On Oil Prices

Forbes | Robert Rapier Since 2008, the majority of new oil production has come from the U.S. Unbeknownst to most people, oil producers were experimenting with a marriage between two established oil drilling technologies — […]