U.S. shale output is expected to continue declining into next year if crude prices remain in the $40 to $45 range, according to Rystad, a Norwegian energy research firm. Oil and gas companies have been forced to minimize exploration and production costs amid low crude prices. As a result, the average shale oil production is
Read More...Land prices in shale fields across the United States have fallen by more than 70 percent on average since 2018, according to MRT. The average cost of shale acreage has decreased from $17,000 per acre in 2018 to $5,000 per acre in 2020, according to Rystad, a Norwegian energy research firm. Additionally, the firm doesn’t
Read More...China plans to put more focus on boosting domestic projects to cut its growing dependence on gas imports as the security of its energy supply comes under the spotlight amid an ongoing trade war with the United States, according to Reuters. A new government research report, released on Saturday, shows the row with the U.S.
Read More...There are plenty of reasons a shale well may be drilled, but not completed and producing, according to Farm and Dairy. The well’s operator could be waiting for a pipeline to be connected, a crew to complete it or better markets. Maybe the well was drilled to hold a lease and never put into production.
Read More...An article published by the Pittsburgh Post-Gazette, “The Human Toll: Exposure and risks in the gas lands,” is stirring up quite the debate in Pennsylvania. Its release was followed by requests from environmental organizations urging Gov. Tom Wolf halt new permits for fracking until the state investigates the information included in the report. “The Human
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