Month: February 2015

[Following up on last week’s Quote”]  “Goldman Sachs doesn’t seem to be cluing in to the notion of field decline, which is relentless, and what x wells per y unit Continue Reading

“Maybe a month ago was the first time that I ever saw the price really move after the headlines [from Baker Hughes Inc.] on the rig counts hit the wire. Continue Reading

“The decline in the U.S. rig count likely remains well short of the level required to slow U.S. shale oilproduction to levels consistent with a balanced global market. Lower oil Continue Reading

“The U.S. growth story has been central to the oil market story.  In a few months, that month-to-month growth is going to flatten out.” IHS predicts the “sensational” growth will Continue Reading

“The problem is that the US shale sector in aggregate is still not free cash-flow positive even after five years of soaring production, and if the shale model was not Continue Reading