As the mighty Permian Basin slows, Canada stands to rise in the shale oil and gas world

As the mighty Permian Basin slows, Canada stands to rise in the shale oil and gas world

As the booming U.S. onshore oil and gas industry matures and efficiency levels fall, less active Canadian shale plays stand to benefit with arguably the best combination of quality inventory and longevity, according to a new white paper from Kimmeridge, a New York energy private equity firm with an activist bend, exclusively obtained by Fortune. While the Permian Basin—including its Midland eastern lobe and Delaware western lobe—in West Texas is…

The heart of the US oil boom is slowing – Oil & Gas 360

(BOE Report) – NEW YORK (Reuters Breakingviews) – Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. A mere two years later, over-extraction drove the field into decline. Sure, today’s industry is far larger and more sophisticated. But even in the mighty Permian Basin, which turned the United States into the world’s biggest oil producer, resources ev

The Heart of the US Oil Boom is Slowing - Energy News, Top Headlines, Commentaries, Features & Events

By Robert Cyran NEW YORK, May 5 (Reuters Breakingviews) – Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. A mere two years later, over-extraction drove the field into decline. Sure, today’s industry is far larger and more sophisticated. ...

The heart of the US oil boom is slowing

Texas’s Permian Basin is the engine of a fossil-fuel renaissance that turned the nation into the world’s largest producer at 13 mln barrels a day. Yet costs are up, prices are low and untapped land is dwindling. The rise and fall of other fields offers a guide for what to expect.