U.S. oil production from shale formations such as the Bakken in North Dakota and Eagle Ford in Texas would remain economically viable even if world crude prices drop by as much as 30 per cent from today’s levels, a U.S. analyst says.

Topics:  bakken   north dakota   eagle ford   texas   u.s    shale   oil   price   analyst   
BING NEWS:
  • Burned by oil, some U.S. fund managers still bet on rebound
    A bet that U.S. production will retreat sharply over the next 12 months, setting the stage for a rebound towards $65-70 per barrel that would allow most U.S. shale oil producers ... the balance sheets to withstand much lower oil prices," he said.
    08/20/2015 - 12:54 am | View Link
  • Exxon’s Tillerson Says OPEC Not Waging War on U.S. Shale Rivals
    Although painful to endure, the market correction will be good for the industry in the long run as the lower oil price strips out excessive costs and forces producers to operate more efficiently, said Tillerson, a 40-year veteran of the oil patch.
    04/21/2015 - 7:12 am | View Link
  • OPEC, Russia, U.S. Shales
    In the past few years, U.S. shales have remained one of the most popular headline themes in the oil-focused financial media. With shale oil being the ... A quick global capacity correction and an oil price bounce to the pre-correction level may not be ...
    04/20/2015 - 3:04 am | View Link
  • This big U.S. fracker is most likely to keep the oil flowing
    Of course, what investors really need is company-specific information to better understand which producers might better withstand the shale production decline, and possibly be best-positioned when oil prices begin recovering. But the effect of the price ...
    03/23/2015 - 6:06 am | View Link
  • U.S. Debt Breaking Bad
    Could the Wall Street banks withstand that level of losses with their highly leveraged ... and the Federal government has created an artificial price bubble with 0% interest rates and trillions of QE heroin. The 1% can still afford to buy overpriced ...
    02/28/2015 - 5:20 am | View Link
  • More
BING SEARCH:
  • Commodities
    Get the latest commodity trading prices for oil, gold, silver, copper and more on the U.S. commodities market and exchange at CNNMoney.
    08/31/2015 - 4:28 am | View Website
  • Annual Energy Outlook 2015
    U.S. States. State energy information, including overviews, rankings, data, and analyses. Maps. Maps by energy source and topic, includes forecast maps.
    08/30/2015 - 8:43 pm | View Website
  • U.S. News | National News
    ABC News reports on United States politics, crime, education, legal stories, celebrities, weather, the economy and more
    08/29/2015 - 11:21 pm | View Website
  • OPEC’s Problem: There Is No Minister of Shale
    In an industry dominated by behemoths, the U.S. oil industry stands out for its fragmentation. It takes 77 companies to generate 75% of American output of crude oil ...
    06/3/2015 - 3:32 pm | View Website
  • Exxon’s Tillerson Says OPEC Not Waging War on U.S. Shale ...
    Rex Tillerson, chief executive officer of Exxon Mobil Corp., said he doesn’t think OPEC is at war with U.S. shale. Photographer: F. Carter Smith/Bloomberg
    04/21/2015 - 2:07 pm | View Website
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