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Two Years Into Oil Slump, U.S. Shale Firms Are Ready to Pump More
Cook and Olson look at how U.S. shale oil firms have handled the slump in oil prices. Their report in WSJ says the shale firms have weathered the oil slump well, with production declines in 2016 of only 535,000 barrels a day compared to 2015. The Saudi decision to not cut production and let oil prices drop has affected mostly higher cost less flexible production for mega projects such as deep water projects and oil sands in Canada. Oil shale firms are expected to snap back, according to experts, as demand increases. U.S. production is expected to increase by about 700,000 barrels a day by end of of 2017, say experts.
Williston, N. Dakota, U.S.- Boom and Bust in a shale oil town 2010-2016 (1)
03/13/2015
Grouped Articles
Crude-Oil Price Collapse Takes Toll on Williston
Wall Street Journal 03/13/2015
Oil Boom Swells North Dakota Town; What Now?
Wall Street Journal 03/18/2015
After the Carnage, Shale Will Rise Again
Wall Street Journal 01/19/2016
Two Years Into Oil Slump, U.S. Shale Firms Are Ready to Pump More
WSJ 09/27/2016
U.S. shale oil production and the oil price decline in 2014-2015
10/23/2014
Grouped Articles
The Oil Price Swoon Won’t Stop the Shale Boom
Wall Street Journal 10/23/2014
Refining Saudi Arabia’s Oil Strategy
Wall Street Journal 11/03/2014
Oil Prices Slip Further After IEA Report
Wall Street Journal 12/12/2014
How Crude Oil’s Global Collapse Unfolded
Wall Street Journal 12/14/2014
Wall Street Journal 01/06/2015
Oil’s Fall Continues Into 2015, and Stock Markets Shudder
New York Times 01/05/2015
Lower prices for Canada's shale oil and Canada's economy, the impact in 2013-2016
02/20/2009
The significant impact on the Canadian economy and on Alberta of the lower prices for Canada's shale oil. Discounts for Canada's shale oil relative to Brent crude benchmark international oil pricesand U.S. benchmark price range from 20 to 50%. Canada's shale oil was Dat $80 per barrel in April 2013, compared to $94 for U.S. benchmark price and $106 for Brent international crude oil price. This has reduced GDP in Canada for 2012 by 0.4% for the second half of 2012, according to Canada's central bank. GDP growth is sluggish at 1.8% for 2012. The impact in lower government tax and royalty revenues is significant for Alberta.
Grouped Articles
Trade and Oil on Agenda as Obama Visits Canada
New York Times 02/20/2009
Canada Looks to Sell Its Oil Beyond U.S.
Wall Street Journal 08/23/2013
Oil Markets Fly Into a Perfect Storm
Wall Street Journal 10/09/2014
Oil companies: Unsustainable energy
Economist 10/14/2014
Oil prices plunge as production rises, fueling concern in OPEC - The Washington Post
Washington Post 10/15/2014
Global Oil Glut Sends Prices Plunging
Wall Street Journal 10/15/2014
Saudi price strategy in 2015 and U.S. shale oil drillers
01/10/2015
Grouped Articles
Saudi Arabia’s Cure for Shale Could Entail Shock Therapy
Wall Street Journal 01/10/2015
The new economics of oil: Sheikhs v shale
Economist 01/13/2015
Back to the Future? Oil Replays 1980s Bust
Wall Street Journal 01/14/2015
New King in Saudi Arabia Unlikely to Alter Oil Policy
New York Times 01/23/2015
Oil-Drop Pain Spreads to Saudi Arabia’s Energy Behemoth
Wall Street Journal 02/20/2015
Shale-Oil Producers Ready to Raise Output
Wall Street Journal 05/14/2015
Diamondback Energy, Cimarex Energy, and Cabot Oil & Gas shale oil drillers surviving the oil price slump in 2015
07/30/2015
Grouped Articles
Chevron and Exxon Get the Plaudits, but Some Smaller Drillers Faring Well
Wall Street Journal 07/30/2015
U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel
Wall Street Journal 08/23/2015
Oil Plunge Sparks Bankruptcy Concerns
Wall Street Journal 01/12/2016
Two Years Into Oil Slump, U.S. Shale Firms Are Ready to Pump More
WSJ 09/27/2016
Shell's shale $2 billion writedown in 2013
08/01/2013
Grouped Articles
Shell, Bruised by Big Bets, Warns of Profit Miss
Wall Street Journal 01/20/2014
Shell's Profit Falls on Shale Write-Down
Wall Street Journal 08/01/2013
New Shell CEO Van Beurden Lays Out Turnaround Plan
Wall Street Journal 04/28/2014
Energy Quakes as OPEC Stands Pat
Wall Street Journal 11/28/2014
Royal Dutch Shell to Cut Spending Amid Lower Oil Prices
Wall Street Journal 01/29/2015
Non-U.S. Shales Prove Difficult to Crack
Wall Street Journal 03/19/2015
Chevron's shale gas investment in Australia
02/27/2013
Grouped Articles
Non-U.S. Shales Prove Difficult to Crack
Wall Street Journal 03/19/2015
Chevron's Australian Shale Option
Wall Street Journal 02/27/2013
Chevron Expects 20% Production Growth by 2017
Wall Street Journal 03/12/2013
Two Years Into Oil Slump, U.S. Shale Firms Are Ready to Pump More
WSJ 09/27/2016
Watford City, N. Dakota, U.S. - boom and bust in a shale oil town 2010-2016 (2)
03/18/2015
Grouped Articles
Oil Boom Swells North Dakota Town; What Now?
Wall Street Journal 03/18/2015
After the Carnage, Shale Will Rise Again
Wall Street Journal 01/19/2016
Two Years Into Oil Slump, U.S. Shale Firms Are Ready to Pump More
WSJ 09/27/2016
Exxon, Shell and Chevron, suspend most oil shale exploration efforts in Europe, Russia and China, in 2015
03/19/2015
With the sanctions in Russia, a ban in France, a moratorium in Germany, and poor results in Eastern Europe, combined with low oil prices, most of the shale exploration efforts of western oil companies are being suspended in 2015. Canada, the U.S. China, and Argentina are so far the only four places with positive results for shale exploration.
Grouped Articles
Non-U.S. Shales Prove Difficult to Crack
Wall Street Journal 03/19/2015
Chevron, Exxon Commit to $36.8 Billion Expansion Project in Tengiz
WSJ 07/05/2016
Two Years Into Oil Slump, U.S. Shale Firms Are Ready to Pump More
WSJ 09/27/2016
Shell to Sell Canadian Oil-Sands Businesses for $7.25 Billion
WSJ 03/09/2017
Shale oil and U.S. /North American oil supplies
06/16/2011
Grouped Articles
How North Dakota Became Saudi Arabia
Wall Street Journal 10/01/2011
Global Oil Glut Sends Prices Plunging
Wall Street Journal 10/15/2014
The Oil Price Swoon Won’t Stop the Shale Boom
Wall Street Journal 10/23/2014
Wall Street Journal 01/06/2015
The new economics of oil: Sheikhs v shale
Economist 01/13/2015
Back to the Future? Oil Replays 1980s Bust
Wall Street Journal 01/14/2015
The Economist and WSJ on shale oil, the Saudis and oil prices in 2015 and beyond
01/13/2015
The Economist points out that shale oil production technology is at the early stages with production costs likely to come down from an average of $57 a barrel. With the relatively small costs to start drilling in shale deposits and extensive new shale deposits in the U.S. and other parts of the world, shale is likely to remain a factor in oil production and prices for a long time. Any impact of Saudi oil price cuts on shale oil production is likely to be temporary, as new advances in the technology and efficiency will make shale oil a serious source of oil supplies. Already some efficient shale oil producers have costs below $35 a barrel in the U.S., according to the CEO of CSX Railroad. CSX has dropped the fuel surcharge to improve the competitiveness of shale transported by rail from the Bakken shale region in N. Dakota.
Grouped Articles
The new economics of oil: Sheikhs v shale
Economist 01/13/2015
Back to the Future? Oil Replays 1980s Bust
Wall Street Journal 01/14/2015
New King in Saudi Arabia Unlikely to Alter Oil Policy
New York Times 01/23/2015
Exxon Mobil: Shale to the Chief
Wall Street Journal 03/06/2015
U.S. Producers Ready New Oil Wave
Wall Street Journal 03/14/2015
Shale-Oil Producers Ready to Raise Output
Wall Street Journal 05/14/2015
The calculations of the Saudis, Russia, Iran and Iraq, Venezuela, and other OPEC members as oil prices decline in Oct.-Dec. 2014
10/15/2014
Each side the Saudis, the Russia, and Iran is looking at the drop in oil prices and how much it can absorb using sovereign reserves as lower prices leads to budget deficits in 2015-2016. Russia and Iran face greater problems with western sanctions, and falling currency values exacerbating rising inflation. Other OPEC countries such as Venezuela and Nigeria face a crisis from falling revenues. In the U.S. this will affect shale oil production as less efficient producers shut down plants, with the overall outlook of lower oil prices being positive.
Grouped Articles
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
The Oil Price Swoon Won’t Stop the Shale Boom
Wall Street Journal 10/23/2014
As Oil Prices Plummet, Saudi Arabia Faces a Test of Strategy
New York Times 10/15/2014
Refining Saudi Arabia’s Oil Strategy
Wall Street Journal 11/03/2014
Saudi Price Cut Upends Oil Market
Wall Street Journal 11/04/2014
OPEC Members Nearing Compromise on Supply Cuts
Wall Street Journal 11/26/2014
Exxon and learning "to get the oil out of the rock in the most cost efficient way" - declining costs of shale oil production and the future for oil prices 2015-2020
03/06/2015
Grouped Articles
Exxon Mobil: Shale to the Chief
Wall Street Journal 03/06/2015
U.S. Producers Ready New Oil Wave
Wall Street Journal 03/14/2015
Non-U.S. Shales Prove Difficult to Crack
Wall Street Journal 03/19/2015
OPEC’s Problem: There Is No Minister of Shale
Wall Street Journal 06/03/2015
Two Years Into Oil Slump, U.S. Shale Firms Are Ready to Pump More
WSJ 09/27/2016
How American Shale Drillers Flipped OPEC’s Script
WSJ 05/24/2017
How U.S. shale oil companies have weathered the slump in oil prices by 2016 and are snapping back
09/27/2016
Grouped Articles
Two Years Into Oil Slump, U.S. Shale Firms Are Ready to Pump More
WSJ 09/27/2016
How American Shale Drillers Flipped OPEC’s Script
WSJ 05/24/2017
U.S. Oil Exports Double, Reshaping Vast Global Markets
WSJ 06/07/2017
Effort to Crush Shale Producers Only Made Them Stronger
WSJ 06/09/2017
The New Tech That Terrifies OPEC
WSJ 06/01/2018
Saudis Struggle to Share Pain of Pumping Less Oil
WSJ 11/30/2018
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