January 19, 2018

The Shale Reckoning Comes to Oklahoma

An industry built on cheap debt and new technology pushed oil production to a 40-year high
By Asjylyn Loder. Bloomberg Businessweek, March 10, 2016

In January 2012, I traveled to Oklahoma City for the first time to report on what was considered a surprising development: a U.S. oil boom. Until … Continue reading

Shocking Deterioration In Tight Oil

The amount of new production simply cannot keep up with the steep declines in older wells
By Energy Policy Forum, February 13, 2015

Tight oil in the US is experiencing shocking deterioration in production vs. declines percentages just since November. Rig counts have plunged and though production overall is still … Continue reading

Today’s Shale Era Is The Retirement Party For Oil Production

The recent U.S. oil production boost from shale drilling is short-lived and somewhat desperate
By Adam Taggart, PeakProsperity, February 7, 2015

As we’ve written about often here at PeakProsperity.com, much of what’s been ‘sold’ to us about the US shale oil revolution is massively over-hyped. The amount of commercially-recoverable shale … Continue reading

Gas Well Decline Rates

Here is a lot of information on Marcellus shale decline rates

SCROLL DOWN: The impact of high decline rates on the economics of gas drilling is huge. Companies are pulling out of the Marcellus due to poor profitability prospects.

Arthur Berman first calculated the decline rates in 2009 – once … Continue reading

The Shale Gale is a Retirement Party

So concludes an expert analyst of the natural gas boom. Brace for bust.
By Andrew Nikiforuk, TheTyee.ca, March 27, 2013

Every day a government agency or industry group in North America still hails natural gas mined from deep shale rock formations as “the bridging fuel” that will power a brighter … Continue reading

Dramatic Decline Rates of 4 Gas Fields Confirmed by Industry Study

This report (click here) shows the dramatic decline rates of 4 gas fields –

Barnett, Fayetteville, Woodford and Haynesville.  Nearly 2,000 horizontal shale gas wells were included in this study, so these rates are not statistical flukes.

To examine the history of any era or series of … Continue reading

Comments from Susquehanna River Basin Citizen

As I said more than a year ago, after reading the US Geological Report comparing the Marcellus and Barnett shale plays, and having a few conversations with independent petroleum engineers that are familiar with both plays, that the ‘drop-off rate of Marcellus and Utica shale plays was going to be

Continue reading

Gas Production Dropping Like Rocks!

Actual Data from PA on the decline rate of fracked wells and the over-estimation of total natural gas production parallels similar data from the Barnett shale in Texas from Arthur Berman.

CLICK HERE for info on the Barnett decline rate and Chesapeake’s admission of this to its stockholders.

CLICK HEREContinue reading

Chesapeake Shows the Real Decline Curve to the SEC and Investors

Chesapeake Spring 2010 Stockholders Report Filed with the SEC

Arthur Berman first calculated the decline rates in 2009 – once public,  the companies could not lie to their stockholders – they sort of tried to hide it on page 10, but… we noticed!

Chesapeake spring 2010 stockholders report – see Continue reading