Is the Typical NDIC Bakken Tight Oil Well a Sales Pitch?
In this post I present the results from dynamic simulations using the typical tight oil well for the Bakken as recently presented by the North Dakota Industrial Commission (NDIC), together with the “2011 average” well as defined from actual product… More »
Tight oil will spread globally, but slowly
Mike Bahorich, executive vice president and chief technology officer at Apache Corp., noted that diesel is still the dominant fuel for high horsepower engines, which drive operations at drilling sites. More »
Friendly business environment fuels U.S. oil boom, report says
Research firm IHS projected that growth in unconventional oil and gas will lead to more than 3 million jobs by 2020 and generate more than $110 billion in taxes. More »
North America will be energy independent, refining expert says
Hart Energy refining expert Terry Higgins says rapid growth of tight oil production in the U.S. will lead North America to petroleum independence within the decade, causing global oil prices to drop. More »
Industry leaders: Domestic oil, gas driving U.S. manufacturing resurgence
Energy experts on Thursday credited the surge of tight oil and shale gas being extracted from dense rock formations throughout the U.S. with driving a domestic manufacturing renaissance. More »
Oil, gasoline prices to fall more than forecast
The average price of domestic oil and gasoline will be less than previously forecast through the remainder of 2012 because of week demand and increasing world supplies, according to a government report. More »
Marathon expands in Eagle Ford with Paloma acquisition
Marathon Oil will get 17,000 acres in the Eagle Ford Shale through its acquisition of Paloma Partners II. More »
Drilling review process to speed up
The Obama administration will announce plans Tuesday to speed up the review process for oil and gas companies seeking to drill on U.S. lands. Interior Secretary Ken Salazar is set to tout the change as he finishes a two-day tour of booming oil and gas exploration in North Dakota. More »
Report: U.S. has “surprisingly” large amount of oil
A report from the National Petroleum Council notes the U.S. has a lot of natural gas it can tap into — that’s nothing new. But the report also touts the unexpectedly large oil resource that U.S. has. More »
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