Year: 2018

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Shale Technology: Moore’s law or Turgot’s? SailingStone capital partners, january 2018

2 July 2018 PB 0

In the last decade, we have witnessed seismic changes in the oil and gas industry, particularly regarding the economics of North American unconventional production. A significant portion of these advances have been attributed to technology, which many observers expect to be a continued source of deflation into the future. In this paper, we attempt to disaggregate structural improvements in well […]

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All-time low for discovered resources in 2017: Around 7 billion barrels of oil equivalent was discovered.

16 February 2018 PB 1

Rystad Energy concluded this week that 2017 was yet another record low year for discovered conventional volumes globally. Less than seven billion barrels of oil equivalent has been discovered YTD. “We haven’t seen anything like this since the 1940s,” says Sonia Mladá Passos, Senior Analyst at Rystad Energy. “The discovered volumes averaged at ~550 million barrels of oil equivalent per […]

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Shale reality check, J.D.Hughes, 2018

8 February 2018 PB 0

« Shale gas and tight oil from low permeability reservoirs have provided a new lease on life for U.S. oil and gas production. Tight oil has allowed U.S. oil production to double from its 2005 lows, and shale gas has similarly allowed a major increase in U.S. gas production. However, the nature of these reservoirs is that they decline quickly, such […]