According to the US Energy Information Administration (EIA), US crude oil production fell by 800,000 barrels a day (b/d) from 13.3 million barrels a day (mbd) in December 2023 to 12.5 mbd in ...

Shale oil is a non-conventional synthetic oil. We look at the science behind shale oil extraction, the potentials offered and what exactly oil shale is. The department of energy ...

Shale oil is a form of unconventional oil that is extracted directly from shale rock formations. Shale oil is made possible thanks to advances in horizontal drilling and fracking.

Fracking for oil has helped create a huge boom in U.S. oil production that has reshaped the global energy landscape. The EIA recently said fracking now makes up more than half of U.S. oil output ...

The shale oil patch this week closes the door on a disappointing year while bracing for weaker output gains in 2023, hamstrung by rising costs, dwindling reserves and pressures to hold down spending.

American refiners are relying on oil supplies from the country’s biggest shale basins more than ever as flows of denser ...

Oil prices have dropped sharply this week even though FBE Energy estimates that the storm knocked out 780,000 barrels of Gulf of Mexico and Texas shale production.

Rising oil prices will quickly put the industry's new capital discipline to the test. If WTI prices remain at $65 per barrel by next year, "all bets are off," one analyst said.

Shale oil costs more than conventional oil to extract, but cost-per-barrel of production can be as low as $35 a barrel as of 2020. The cost of conventional oil varies so much that Saudi Arabia can ...

Moving into the next boom time for the domestic U.S. oil and gas business doesn’t necessarily mean you will be repeating the outcomes of the last one. That’s a point of confusion my previous ...

The shale revolution was launched in 1997 and became operative in full throttle since the 2000s. It has greatly improved the energy independence of the U.S. (see here); because of record-setting ...