American refiners are relying more heavily than ever on domestic shale oil, consuming the lightest blend of crude on record, Bloomberg writes.  With supplies of heavier crude from Mexico declining and ...

The exploration of continental shale oil is difficult because of the depth of the oil reservoir and the thinness of the "sweet spot". The average depth of the reservoir in Jiqing Oilfield is 3800 ...

But multi-year regulatory delays, a loss of commercial backers and slowing U.S. shale production has left SPOT, or Sea Port Oil Terminal, and its three rival projects without any secured customers ...

As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious multi-billion-dollar export port off the Texas coast to ship domestic crude to buyers in Europe and Asia. In ...

Oil companies looking for new petroleum-rich plots to tap are hitting a wall in the Permian Basin of West Texas and New Mexico. The desirable “Tier 1” shale that yields ample oil at relatively ...

Oil companies looking for new petroleum-rich plots to tap are hitting a wall in the Permian Basin of West Texas and New Mexico. The desirable “Tier 1” shale that yields ample oil at relatively ...

JB: So we're a little over $90/ bbl now. What's kind of the sweet spot versus how high you think it might get? DP: Predicting price is always a challenge and there's a lot of focus right now on oil ...

Compared to the first part of 2022, Utica Shale oil production increased by 65 percent in 2023. The Shale represents America’s next energy boom and Ohio is well-positioned to make it happen.

Some of the price relief for shale-oil explorers has been driven by a deep depression in natural gas markets that is spurring companies to suspend or cancel drilling, freeing up rigs to migrate to ...

The School of Energy Resources is pleased to announce the selected UW proposals that will be funded in phase I of the Mowry Shale Project. The Mowry Shale is the largest hydrocarbon source for Lower ...

US shale oil producers could face more than $10 billion in hedging losses, per Rystad Energy. Currently, operators have 42% of their expected crude output for the year hedged at $55 a barrel.