Tag Archives: shale oil

The Permian Basin in Texas and New Mexico will soon become the third-biggest oil producing region in the world: IHS Markit

Output from the Permian basin is poised to double between 2017 and 2023, according to IHS Markit. At 5.4 million barrels per day, Permian production would surpass output from all other producer nation’s except Saudi Arabia and Russia. IHS Markit believes the jump in output will require more than $300 billion in investment. New IHS […]

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Frackers Can Still Rule The World’s Oil Markets

This is an Op-Ed that was published In MEES this week, written By Bernhard Hartmann and Saji Sam. The views expressed are strictly those of the authors, and do not represent those of MEES When ‘Abd Allah al-Badri, Secretary General of the Organization of Petroleum Exporting Countries (OPEC), recently said the cartel’s decision to continue […]

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Shale Oil Boom

Shale Oil Boom Supported By Inventory Of Affordable Service Equipment

Shale oil is redefining our domestic oil and gas output potential Shale oil is a big deal these days. Though shale oil has been documented as a global fuel source back to the late 1400’s, the recent advances in extraction and refining technologies have moved this resource onto the center stage. It is estimated that […]

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