Shale ///

Oil at $65 could free 500,000 bopd from shale ’fracklog’

Oil needs to recover to $65/bbl for U.S. drillers to tap a pent-up supply locked in shale wells and unleash more crude on markets than is produced by Libya.

Turning Bakken oil well waste water into clean geothermal power

CALGARY (Bloomberg) -- Oil fracing companies seeking to improve their image and pull in a little extra cash are turning their waste water into clean geothermal power.

USGS issues report on wastewater injection-induced earthquakes

The U. S. Geological Survey (USGS) has released a report that outlines a preliminary set of models to forecast how hazardous ground shaking could be in the areas where sharp increases in seismicity have been recorded.

U.S. shale fracklog triples as operators keep oil from market

Think the U.S. is awash in crude now? Thank the fracklog that it’s not worse.

Not ‘critical’ for U.S. to lift oil export ban now, EIA chief says

The U.S. can wait to lift the ban on crude exports because slowing production will give refiners time to handle the type of oil produced in shale plays, Energy Information Administration chief Adam Sieminski said.

ShaleTech Canada '15: Canadian exports take center stage at inaugural conference

ShaleTech Canada opened in the Tellus Conference Centre in Calgary with speakers emphasizing export of Canadian resources and know-how, with Canada playing an important role in the North America energy Renaissance.

Statoil awards Ferus CO2 service contract for Bakken test well

Statoil has awarded a major carbon dioxide (CO2) supply and service contract to Denver-based Ferus LP, a provider of energized fluids (liquid CO2 and liquid nitrogen) to the North American oil and gas industry.

Shale as world’s swing producer signals ‘jagged’ oil future

With OPEC ceding control for the first time since the 1980s, U.S. shale oil has been anointed the world’s new 'swing producer' by everyone from ConocoPhillips and Goldman Sachs Group to former Fed Chairman Alan Greenspan.

U.S. Department of Interior seeks greater revenue from onshore leases

WASHINGTON, D.C. -- Secretary of the Interior Sally Jewell has announced that the Bureau of Land Management will open a public dialogue on potential changes to federal onshore oil and gas regulations. The changes concern increasing oil and gas royalty rates, rental payments, lease sale minimum bids, civil penalty caps and financial assurances.

Iran oil could hurt U.S. production if domestic sanctions remain

U.S. Sen. Lisa Murkowski, R-Alaska, drew attention to the potential impact that ending sanctions against Iran could have on U.S. production if the outdated prohibition on exporting domestic crude oil is not also lifted.

Shale wells turn to cash gushers as costs fall

The profitability of some U.S. shale wells at current prices will almost double as cost cutting and technology turns them into cash gushers despite oil’s crash.

Saudi Arabia adds half a Bakken to global oil market in a month

Saudi Arabia led a surge in OPEC crude oil production in March.

U.S. oil output keeps climbing even as producers drill fewer wells

HOUSTON (Bloomberg) -- The U.S. keeps pumping oil at a near-record pace, in spite of the collapse in prices over the past year and cutbacks in drilling.

U.S. becoming net energy exporter for first time since 1950s

NEW YORK (Bloomberg) -- The U.S. government said for the first time that the nation will become a net energy exporter within 15 years as the shale boom bolsters crude oil production.

Shale oil boom seen ending in May following price collapse: EIA

The shale oil boom that pushed U.S. crude production to the highest level in four decades is grinding to a halt.

Terves commercializing second-generation disintegrating frac balls

Terves Inc. announced that more than 500 of its second-generation TervAlloy engineered disintegrating frac balls have been successfully deployed in horizontal frac completions in North America since their introduction in late 2014.

Deferred completions slowing supply to U.S. market, Genscape says

The crude oil contango market in the U.S. has created a massive incentive to store oil and, while traditional storage hubs reach record high levels, Genscape analysts have identified a trend for operators to look to their own wells as an avenue to store oil until commodity market conditions improve.

Bankers on wrong side of drillers' $26 billion hedge

For U.S. shale drillers, the crash in oil prices came with a $26 billion safety net. That’s how much they stand to get paid on insurance they bought to protect themselves against a bear market - as long as prices stay low.

LPG transport trailer

Dragon Products, Ltd, has introduced a 10,600-gal liquified petroleum gas (LPG) transport trailer for use in shale plays.

ConocoPhillips bets big on shale in shift to U.S. and Canada

HOUSTON (Bloomberg) -- ConocoPhillips is making a massive wager on the future of shale drilling, pledging to spend 50% more over the next three years, primarily in the U.S. and Canada, after crude prices fell by more than half.