Bakken
The Bakken Gears Up For Its Second Decade
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A decade into North Dakota’s shale fracking boom, the state consistently produces one million barrels of oil per day. Now, officials here look to double production.
Oil
After OPEC Move, Oil Country Breathes A Sigh Of Relief
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The oil industry is emerging from a two-year slump in crude prices that led to layoffs and a drop in production. A recent move by OPEC helped ensure the recovery continues, albeit slowly.
IE Read Feed
Drillers Answer Low Oil Prices With Cost-Saving Innovations
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The New York Times | Even though oil prices have dropped significantly, companies are keeping production steady with new drilling techniques and utilizing recently developed technology.
IE Read Feed
Falling Rig Counts Drive Projected Near-Term Oil Production Decline In 3 Key U.S. Regions
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The U.S. Energy Information Administration | The EIA estimates crude oil production in three of the country’s most important oil producing regions will decline for the first time since the agency first began publishing its monthly Drilling Productivity Report in October 2013.
IE Read Feed
Lower 48 Oil Production Outlook Stable Despite Expected Near-term Reduction In Rig Count
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U.S. EIA | The outlook for U.S. oil production holds steady despite 16 percent decline in number of active onshore drilling rigs.
Making Energy
Bakken Oil Trends Data Dive: The Importance Of The Long View
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To help make sense of the jarring ugliness of real-world data, it’s helpful to look at long-term trends, where meaning emerges from the chaos.
Crude Oil
IE Questions: Whatever Happened To Peak Oil? (Part 2)
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Yesterday, we learned how a guy named M. King Hubbert introduced the concept of peak oil in 1956, a concept that peaked in the public psyche somewhere around August 2005. Today, we’re returning to the question, “Whatever happened to peak oil?” – which is the moment oil production reaches a global maximum. Did peak oil already happen? Maybe.
