NEWS  STUFF

As Oil Bankruptcies Surge, Vulture Investors Start Their Long Feast
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Mixing Oil and Water
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U.S. Oil Production Has Already Passed Its Peak, Occidental Says
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Cartoon Of the Week

October 20, 2020

Orange County; 1913

October 19, 2020

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CHART  STUFF

Self explanatory: the US shale oil phenomena has NEVER made any profit in its existence and we are set to see
equity, debt and important US reserves get wiped off the books the next 14-15 months thru bankruptcy. 
Please notice how asset impairments begin 2H15; the shale oil industry is going backwards. 
We're dialed in to the future of hydrocarbons in the United States here at Oily Stuff and its going to be a problem, trust me. Folks that believe oil prices are going to help a capital intensive sector like shale oil, are wrong.
 
If I could find something good to write about the shale oil biz, I would write it. I can't. 

   QUOTE  STUFF

"Exploration & production people need to be saved from themselves. Otherwise they would drill & complete wells until they were broke again." The Financial Times

VIDEO  STUFF 

Ms. Catherine's IFR Drone Skills 

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"The blog is one of the best for me personally; Mike is the Huckleberry Finn of the drilling industry."  James Regan

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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     Header Photography by

             Robert Flaherty