Forecast ///

What industry leaders expect for 2019

Kurt Abraham, World Oil

By all measures, most of 2018 has been an improvement on 2017, which was markedly better than 2016.

Producing gas well total declines slightly

The number of active, producing U.S. gas wells slipped 1.6% last year, from 501,535 to 493,421, although, according to the EIA, the country’s gross gas withdrawals hit an 11-year high at 95.8 Bcfd last November.

U.S. output builds on OPEC cutbacks, gas rides LNG expansion

Shale operators are increasing U.S. crude production in response to oil prices that are, so far, trending more favorably this year, due largely to decisions by OPEC and Russia to curb production.

U.S. shale drives rig count recovery in 2017

With oil prices on the rise in 2017, operators added drilling rigs back to many areas of the U.S.

A landmark year for the oil and gas industry

Dr. Roger Bezdek, Contributing Editor

The last 12 months in Washington, D.C., have been incredibly positive for the U.S. oil and gas industry.

ShaleTech: Marcellus/Utica Shales

Jim Redden, Contributing Editor

Record laterals help feed new pipelines, plants

First Oil

Kurt Abraham, World Oil

Keeping the caution in our optimism

Permian producers push the envelope for output growth in 2018

Alex Endress, World Oil

Operators are still testing the limits of unconventional technology in the Permian basin, but increased drilling activity likely means steady production gains for next year and beyond.

Canada continues its fight for recovery during arduous times

Robert Curran, Contributing Editor

Amid increasing political uncertainty and a stagnant unemployment rate, Canadian operators are still fighting to regain E&P stability and drive pipeline projects forward.

Energy Issues

William J. Pike, World Oil

Producers have recently reacted to stagnant oil prices with announcements of cuts in capital spending.

Oil and Gas in the Capitals

Jeff Moore, Contributing Editor

Energy companies around the world are adjusting their E&P strategies to take advantage of oil rebounding from the price slump of 2015–2016. For some, this means getting into natural gas to rebalance global portfolios that have been heavy with liquids.

Oil and gas in the capitals

Jacques Sapir, Contributing Editor

Is the Russian ruble more weakly linked to oil than before?

What's new in production

Don Francis, Contributing Editor

Go with the flow

Key nations keep pumping despite oil price decline

Staff, World Oil

Clinging to the notion that they are protecting market share, several OPEC members continue to overproduce deliberately, as do Russian operators, ensuring that the global market remains saturated.

U.S. oil reserves continue to climb for sixth consecutive year

Emily Querubin, World Oil

According to the U.S. Energy Information Administration (EIA), U.S. crude oil and lease condensate proved reserves increased for the sixth consecutive year in 2014.

Producing gas wells hold up amid commodities rout

Roger Jordan, World Oil

The number of producing gas wells in the U.S. held steady last year, despite gas prices remaining stubbornly low.

Producing oil wells tick down as price begins to hit

Roger Jordan, World Oil

The total number of active, producing oil wells in the U.S. dropped slightly during 2015, a trend that looks set to sharpen this year, as the oil price decline begins to exact its toll on the industry.

As budgets collapse, U.S. drilling may shrink to a 17-year low

Kurt Abraham, World Oil

Who knew? After the rapid decline in crude oil prices from mid-2014, most analysts expected 2015 to be a year of recovery, when prices would creep back toward $70/bbl.

Rig counts brace for a second round of declines

Craig Fleming, World Oil

The catastrophic oil price decline wreaked havoc on the U.S. rotary rig count during 2015, with the industry bracing for a continued slowdown this year.

Sliding oil price necessitates more cuts and pain

James West, Samantha Hoh, Alexander Nuta, Cameron Schnier, Evercore ISI

Looking at the spending plans of roughly 300 E&P companies worldwide, and factoring in recent oil price declines, North American spending may fall 40-50% in 2016. Capital expenditures, internationally, are set to post a second, consecutive 15% decline.