U.S. Shale Oil

Top Shale Oil Fields Lost Half Billion Barrels Of Oil Production Per Year

Posted by SRSrocco in Energy, Silver Members on February 19, 2021 — 5 comments

The top four U.S. shale oil fields lost more than a half-billion barrels of oil production since their peak. At the current oil price, that’s a loss of $30 billion a year of oil revenues. Just think about that for a minute. The oil production loss from these top four shale fields would have supplied the United States…

CHART OF THE WEEK: The Collapse Of The U.S. Oil Drilling Rig Count Spells Big Trouble Ahead

Posted by SRSrocco in Energy, News, Silver Members on July 5, 2020 — 18 comments

U.S. Energy Independence that lasted for less than one year, is over. With the collapse of the domestic oil drilling rig count, U.S. shale oil production will begin to fall off a cliff in the next 3-6 months. This should also destroy the notion of a “V-Shaped” economic recovery once…