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

Kinley in Romania; 1931

May 24, 2020

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

May 22, 2020

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CHART  STUFF

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 !! 

   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 12, 2020

In honor of Whiting Petroleum, one of the original Big Four in the Williston Basin hitting $2.54 today, down from a high of  $370 in 2014, we offer up this image of how carefully they used other people's money to grow their shale oil "manufacturing machine." Chesapeake...

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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