27 Feb '16, 10pm

#peakoil US Shale Oil Drillers Finally Buckling as OPEC Pumps On: U.S. oil drillers are finally beginning to b...

#peakoil US Shale Oil Drillers Finally Buckling as OPEC Pumps On: U.S. oil drillers are finally beginning to b...

US Shale Oil Drillers Finally Buckling as OPEC Pumps On U.S. oil drillers are finally beginning to buckle. For more than a year, American oil producers found a way to keep pumping despite a worldwide slide in crude prices. Like cartoon character Wile E. Coyote, U.S. drillers dashed off the cliff and somehow kept running in midair, maintaining volumes even as revenue plummeted. Drilling companies’ latest projections, released in earnings reports in recent days, suggest gravity is finally taking hold. Apache Corp. expects oil and natural gas production to fall as much as 11 percent in 2016, the company said Thursday, a day after Continental Resources Inc. projected a 10 percent cut and Whiting Petroleum Corp., a 15 percent reduction. Devon Energy Corp. forecast a 10 percent decline earlier in the month. With crude prices near a 12-year low, drillers are deciding it’s best to...

Full article: http://peakoil.com/production/us-shale-oil-drillers-final...

Tweets

Top Drillers Shut Down U.S. Fracking Operations...

desmogblog.com 28 Feb '16, 1pm

Halliburton too, the drilling services goliath and namesake of the “Halliburton Loophole ” exempting the industry from U.S...

Top Drillers Shut Down U.S. Fracking Operations...

desmogblog.com 28 Feb '16, 1pm

Halliburton too, the drilling services goliath and namesake of the “Halliburton Loophole ” exempting the industry from U.S...

#peakoil No sign of Peak Oil: Nor, for that mat...

peakoil.com 28 Feb '16, 12am

Nor, for that matter, of peak coal or gas. Fossil fuels, said to be on the path for an effective demise in the rich world ...

#peakoil Nigerian president tells Qatar’s ruler...

peakoil.com 28 Feb '16, 4pm

Nigerian president tells Qatar’s ruler: Oil prices ‘totally unacceptable’ The OPEC cartel needs to take action to stabiliz...

Oil prices edge up as signs mount that market is bottoming out: SINGAPORE (Reuters) - Crude futures edged up i...

Oil prices edge up as signs mount that market i...

reuters.com 29 Feb '16, 1am

SINGAPORE Crude futures edged up in early Asian trading on Monday after gaining over 15 percent last week, and some indica...

#oilandgas

peakoil.com 09 Mar '16, 7pm

Political support for oil companies is diminishing. Although most governments realise all too well that the energy transit...

To Get Wind Power You Need Oil

spectrum.ieee.org 29 Feb '16, 4pm

Wind turbines are the most visible symbols of the quest for renewable electricity generation. And yet, although they explo...

Why were 13 Bald Eagles found dead in Maryland?

Why were 13 Bald Eagles found dead in Maryland?

businessgreen.com 27 Feb '16, 12am

But there is no room for complacency here, since a prolonged period of low fossil fuel prices could sap the appetite of in...

Putin Threatens Turkey With Nukes | Peak Oil Ne...

peakoil.com 27 Feb '16, 11pm

“If Turkey (with hundreds of thousands of troops massed near the Syrian border) and Saudi Arabia (with its sophisticated a...

2N Nutrition Heightening Essential Oil

2N Nutrition Heightening Essential Oil

juztoday.com 28 Feb '16, 12am

For redemption via delivery, kindly fill in your details clearly and accurately during checkout; Incomplete or incorrect d...

Low Heating Oil Prices Depress Domestic Wood Pe...

renewableenergyworld.com 29 Feb '16, 2pm

Renewable Energy World (North America Edition)