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Deloitte Survey: Industry Insiders Believe Shale Will Help Drive Oil And Gas Self-Sufficiency

Burgeoning North American supplies of oil and natural gas could mean that the United States could be self-sufficient in natural gas within 10 years, while also dramatically reducing its need for overseas oil imports. This is the headline takeaway from Deloitte LLP’s November 2012 survey of 250 oil and gas professionals and 600 members of the general populace, the results of which were released during the financial services company’s Washington Energy Conference in May. continue reading »

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IEA: North American Crude Supply Will ‘Shock’ Global Market; Cline Shale To Play Significant Part

Further evidence that North America is poised to become the world’s preeminent supplier of crude oil was provided by the International Energy Agency (IEA) on May 14 when it released its “Mid-Term Oil Market Report.” Specifically, the IEA is reporting that, “The supply shock created by a surge in North American oil production will be as transformative to the market over the next fie years as was the rise of Chinese demand over the last 15. The shift will not only cause oil companies to overhaul their global investment strategies, but also reshape the way oil is transported, stored and refined.” continue reading »

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WEA Survey Indicates Strong Voter Support For Increased U.S. Oil And Gas Development

In March, the Western Energy Alliance (WEA), a trade association for regional independent energy producers that is based in Denver, CO,  commissioned a national telephone survey of 1,000 high-performing voters in order to gauge public attitudes toward domestic energy development. In the final analysis, an overwhelming 87% of respondents want United States energy production to meet the growing demand for additional sources of energy, with a scant 4% of voters feeling that additional sources of energy should come from other countries. continue reading »

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Eagle Ford Shale Continues To be A Pace-Setter In U.S. Crude Oil And Natural Gas Production

If the daily production reports for January 2013 are any indication, the Eagle Ford Shale play in southern Texas will continue to be a leading force in driving increased crude oil and natural gas production and infrastructure investment in the United States. In March, initial estimates from the Texas Railroad Commission put Eagle Ford production of crude oil at more than 370,000 barrels per day (b/d) in January. continue reading »

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Recent Indicators Highlight How Bakken Shale Continues To Drive U.S. Oil & Gas Production

Anyone who thinks that the recent “boom” in oil and gas production in the Bakken Shale formation in North Dakota is going to wane anytime soon would be wise to review a series of recent news reports. They would appear to indicate that the Bakken will continue booming for a long time to come: continue reading »

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