3/22/2017 | 03/22/2016 | 03/22/2015 | 03/22/2014 | 03/22/2013 | |
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Active Rigs | 50 | 32 | 107 | 198 | 187 |
RBN Energy: SCCOP/STACK gas takeaway needs and the Midship announcement.
Shale revolution. Oil giants "upending" shale turf where wildcat drillers once ruled -- Bloomberg. From the article: (with snarky comments)
- drilling 10,000 feet down (imagine that)
- then drilling horizontally for a mile (imagine that; in the Bakken, 2-mile laterals for the past decade with a few 3-mile laterals)
- blasting through rock to capture light crude oil (imagine that, blasting through rock)
- they've turned shale drilling from art into science (imagine that; ND with the world's largest microseismic array)
- shale wells for as little as $5 million each (that's a bit of a stretch)
- Shell says they can make money in the Permian with oil at $40/bbl; new wells are profitable at $20/bbl (awesome)
- Jordan: a new entrant -- imported as much LNG as France in 2015
- Pakistan: a new entrant -- imported twice as much LNG as France in 2015
- Egypt: a new entrant -- imported more LNG than India in 2015
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