While it’s no longer a hidden secret, ExxonMobil’s Shale Assets continue to be major destroyers of capital. This is also true for most of the U.S. Fracking Industry, but it’s especially true for the country’s largest oil company as it continues to throw away good many after bad into its Shale Oil Black Hole…
The U.S. Shale Oil Industry is in serious trouble as it is not drilling enough wells to keep future production from collapsing. With a near 50% annual decline rate, the shale industry must drill enough wells to offset declines and grow production. And, to make matters even worse, the shale industry is depleting…
The Energy Cliff is wreaking havoc on the U.S. Shale Oil Industry as millions of barrels of oil production every year simply disappear into thin air. While oil analysts label this as a typical “Decline Rate,” the amount of oil being lost annually in the U.S. Shale Oil Industry should scare the living hell…
It looks like the U.S. Shale Oil Industry is using one last trick to keep the LIGHTS ON a bit longer. Due to low oil prices and the lack of available investment funds, the shale oil industry is working through a large percentage of its DUCs – Drilled Uncompleted Wells. After reaching a record high in June 2020…
Without the unprofitable and unconventional shale oil supply, U.S. oil production would still be below 5 million barrels per day. While we can applaud the shale industry for allowing the American Leech & Spend Suburban Economy to continue for another decade, I wouldn’t count on it lasting another ten years. …
Is the mighty Bakken Shale Oil Field finally peaking? Well, according to the data from the folks at the North Dakota Department of Mineral Resources, oil production in the Bakken has been flat for the past six months. And, to make matters worse, production has been flat even though oil…