While the play’s potential is undetermined, evidence indicates Oklahoma’s STACK play is delivering impressive results, with operators committing more than $2.5 billion in 2017 capital to its development, according to new analysis from IHS Markit.
The growth of global demand for petroleum products will decelerate “significantly” by 2022, as changes in vehicle fleet affect gasoline and diesel demand, Kallanish Energy learns from U.S. consultancy firm ESAI Energy.
There’s nothing the Organization of Petroleum Exporting Countries (OPEC) can do to stop U.S. shale, John Driscoll, chief strategist at JTD Energy Services said on Thursday, adding that the recent oil rally is seasonal.
Another national monument is safe from changes, according to the Trump administration. U.S. Secretary of the Interior Ryan Zinke is recommending no changes be made to 154,000-acre Sand to Snow National Monument east of Los Angeles in Southern California, Kallanish Energy reports.