Inside the Biggest Oil Meltdown
     in History
Saudi Arabia Faces an Unprecedented Crisis
Fuse Logo.png

Oil’s Sudden Rebound Is Exposing the Achilles’ Heel of Shale

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


Kinley in Romania; 1931

May 24, 2020

A Glimpse At Current Debt Restructuring In the US Shale Oil Sector

May 22, 2020

Please reload


Returns offered to shareholders from oil and natural gas E&P's began deteriorating in 2010-2011 and could not keep up with the S&P 500 Index. That likely occurred because of the 'growth over profit' business model and when the shale sector started to become heavily debt ridden. Now it does not help that it costs approximately $20 billion per year for the shale oil  sector alone just to service  debt. Thats $55MM per stinking day in interest !! 


"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" Bloomberg 


This is really cool stuff. 

In 1947 Superior Oil Company of California (founded in 1921, later Mobil Oil) undertook a rank wildcat in  Sublette County, Wyoming, near Pinedale and in the Green River Basin along  Pacific Creek; the well took  two years to TD....

Please reload

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."

 Reading Stuff
Follow "Oily Stuff" 
  • Twitter Social Icon
  • Vimeo Social Icon
  • LinkedIn Social Icon
  • Facebook Basic Black
Good Stuff You Might  Have Missed
The Perfect Oilfield
Shale Oil As a US Foreign Policy Tool
    NIGHT SHIFT        the video 

     Header Photography by

            Robert Flaherty