Is Energy Independence in the Future for the U.S.?

As recently as a couple of years ago, many politicians and other members of the chattering class were saying we couldn’t drill our way to energy independence. But the face of energy production in the U.S. has changed dramatically in the last two years, and today most of those people are snacking on their own […]

The Benefits of Fracking

Lobbyists have made sure we get the message about how bad fracking is for the planet and everything on it. Alarmist and sensationalized accounts of drilling-related woes abound, with little concern for accuracy or exaggeration. But what about the benefits of fracking? Is it possible that fracking is actually good for the environment and economy? […]

Trending: Opportune Shifts Oil and Gas

Fundamental changes in supply and demand have caused seismic shifts in the economics of oil and gas exploration and production. To understand how those changes will impact investors, it’s important look at how the drivers of the industry have changed. Supply and Demand For decades, oil prices were set by cartels like OPEC. But huge […]

IHS: Eagle Ford Completions Pending

US oil producers operating in the Eagle Ford shale in South Texas built an inventory of nearly 1,400 drilled but uncompleted (DUC) wells, said an analysis from IHS, which noted that the most promising of these wells belong to a few operators. The IHS Energy Analysis of Drilled, but Uncompleted Wells in the Eagle Ford […]

Oil Jumps 5 Percent On Tempered Iran View, Slower U.S. Inventory Rise

Oil prices jumped more than 5 percent on Monday as traders reassessed how quickly Iran might increase exports after a preliminary nuclear deal and anticipated that a months-long rise in U.S. crude inventories may be slowing. Brent crude’s rally followed Thursday’s nearly 4 percent tumble after Iran and six world powers announced a framework agreement […]

Colorado Sets Oil Production Record

A 60-year-old record was broken in 2014 as oil production in Colorado reached a preliminary total of nearly 83 million barrels, and the new mark is likely to stand for a while. The center of Colorado’s oil boom is Weld County, just north and east of Denver, where horizontal drilling and hydraulic fracturing have opened […]

The Basics of Oil and Gas Exploration Today

As early as the 16th century, explorers noted oil slicks off the coast of California. By the early 1800s, oil extracted from shale deposits was being used in medicines and as a lubricant for machinery. Refined into kerosene, it began replacing more expensive whale oil as fuel for lamps. Most oil was extracted from water, […]

Colorado Drilling Rig Count Down 48% From October, Says IHS

The number of oil and gas drilling rigs in operation in Colorado continues to drop amid low energy commodity prices, and planned capital spending by energy companies also is on a downward trend. A report Monday from IHS Global Insight — a unit of Douglas County-based global analysis company IHS Inc. — says the rig […]

CATEGORIES Oil Turns Higher, Holding Ground Above $60

Oil futures made a sudden turn higher Tuesday, with analysts attributing the bounce to technical price triggers, expectations for a weekly decline in U.S. crude supplies and a U.S. plan to help Europe defend against security threats, which highlighted U.S. tensions with Russia. August crude CLQ5, +1.37%  tacked on 56 cents, or 0.9%, to $60.94 […]

New Oil and Gas Rules Set for Colorado

Reacting to oil and gas spills during the September 2013 floods that caused over $1 billion worth of damage, the Colorado Oil and Gas Conservation Commission set new rules for operations in flood plains. The rainfall and subsequent floods, described by some experts as a 1,000-year rain and a 100-year flood, caused spills of more […]