NEWS  STUFF      

        Inside the Biggest Oil Meltdown
     in History
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Saudi Arabia Faces an Unprecedented Crisis
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Oil’s Sudden Rebound Is Exposing the Achilles’ Heel of Shale

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ExxonMobil, Pioneer Propose A Methane Monitoring Network For Texas Oil Fields
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RECENT POST STUFF

Rubbed the Wrong Way

May 28, 2020

Kinley in Romania; 1931

May 24, 2020

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CHART  STUFF

80% of American shale oil growth has occurred  on credit.  If left to its own resources to drill and complete wells, from net revenue, it would have died an ugly death ten years ago.  

   QUOTE  STUFF

"Such is America’s reliance on new drilling that 55% of the country’s shale production is from wells drilled in the past 14 months, according to ShaleProfile.com" Bloomberg 

POSTS

February 5, 2020

If you are a natural gas producer this cartoon does not need an explanation. The Williston Basin in North Dakota and the Delaware Basin in West Texas are quickly turning from oil to gas resource plays; gas prices at the WAHA Hub in W. Texas are now 50 cents an MMBTU an...

January 24, 2019

2018 was a banter year for media bullshit about the shale oil industry, about increased productivity per well, 'resilience,' new "discoveries" of shale oil in the Permian from the USGS and America surpassing Russia and OPEC in the big, daily production race. Here's a d...

January 13, 2019

Trump continues to tweet down the price of crude oil in America whenever he can squeeze it into his busy tweeting schedule. Oblivious to the real cost of extracting America's shale oil resources he continues to want to use America's light tight oil  as a foreign policy...

May 23, 2018

All of President Donald Trumps hydrocarbon policies are based on the gross misconception of unconventional shale oil abundance in America. Based on known proven shale oil reserves, however, in less than a decade the US shale oil industry will be drilling Tier II type u...

April 9, 2018

In 2017 the US shale oil industry raised another $60 billion dollars, just thru bonds. Equity swaps, Wall Street and private equity? Who knows.

No worries, you say; its not "my" debt. I'd rethink that. Oil prices better go up, and stay up, or we are all going to get sl...

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Who's Stuff Is This?

" I was born and

raised, literally,

in the oilfields of

South Texas over

68 years ago.

I have pretty

much seen, and

done, it all."

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    NIGHT SHIFT        the video 

     Header Photography by

            Robert Flaherty