Archives par mot-clé : Shale Gas/Oil

U.S. Shale Gas Booming Despite Global Glut

by Haley Zaremba, July 6, 2017 in OilPrice from AAPG


But now, just as shale gas prices are finally rebounding from last year’s all-time-lows, the United States’ two biggest shale gas deposits are producing record amounts of fuel, threatening to push gas prices back down. As the Appalachian Marcellus shale basin and the Texas-based Permian basin rush to conquer a market share, the U.S. gas glut shows no signs of stopping.

OPEC and U.S. shale drillers are on collision course

by John Kemp, June 14, 2017, in  Reuters


The speed and scale at which U.S. shale production has bounced back from the slump in 2015/16 has confounded OPEC and all the other major forecasters.

The oil market is on an unsustainable course with output from U.S. shale and other non-OPEC sources 010increasing rapidly, while OPEC and its allies trim production to reduce inventories and prop up prices.

The International Energy Agency (IEA) projects non-OPEC output will increase by 1.5 million barrels per day (bpd) in 2018 (“Oil Market Report”, IEA, June 2017).

If that proves correct, non-OPEC suppliers will capture all the increase in demand next year, because the IEA predicts consumption will increase by only 1.4 million bpd.

Big rigs pave way for second shale oil boom

by Collin Eaton, May 27, 2017 in Houston Chronicle


Drillers have mastered feat of pumping more at less cost

On a drilling rig towering above quiet cattle farms in Southeast Texas, Eric Williams perched inside the cabin of the 16-story machine, twisting a pair of joysticks to guide a gigantic wrench roaring into action, drowning out every sound as it reached for a 1,500-pound pipe emerging from the earth – pipe that soon will feed oil into a second shale boom.

USGS Estimates 304 Trillion Cubic Feet of Natural Gas in the Bossier and Haynesville Formations of the U.S. Gulf Coast

USGS, April 13, 2017


The Bossier and Haynesville Formations of the onshore and State waters portion of the U.S. Gulf Coast contain estimated means of 4.0 billion barrels of oil, 304.4 trillion cubic feet of natural gas, and 1.9 billion barrels of natural gas liquids, according to updated assessments by the U.S. Geological Survey. These estimates, the largest continuous natural gas assessment USGS has yet conducted, include petroleum in both conventional and continuous accumulations, and consist of undiscovered, technically recoverable resources.

Afrique du Sud : les enjeux du gaz de schiste

by Professeur François Lafargue, Avril 2017

in Connaissance des Energies


La puissance économique et industrielle de l’Afrique du Sud classe naturellement ce pays au premier rang des consommateurs d’énergie en Afrique. L’Afrique du Sud consomme 30 % de l’énergie primaire et 37 % de l’électricité produites sur le continent africain. Les fréquents dysfonctionnements des infrastructures d’électricité constatés ces dernières années ont placé la question de l’énergie au centre des débats publics.

Which US States Produce the Most Shale Oil?

by M DiLallo, March 25, 2017


Believe it or not, America has been fracking oil wells since right around the time of the Civil War. That said, modern oil well fracking didn’t start taking shape until the 1940s, and it wasn’t until the 1990s when it was combined with horizontal drilling to unleash the shale gas boom. The industry eventually transferred those two techniques into oil drilling when Continental Resources (NYSE:CLR) drilled the first commercially successful well in the North Dakota Bakken.