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When do you plug a well? In theory, you should do so when the cost of operating the well is higher than the income it produces. However, that point is very difficult to ascertain. Remaining reserves, cost of production and sales price of production are all unknowns that directly...
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President Calvin Coolidge famously and accurately once said, “the chief business of the American people is business.” In his provocative book The Moral Case for Fossil Fuels, Alex Epstein asserts that the oil and gas industry makes every other industry flourish. Since Col. Edwin Drake’s 1859 discovery well in...
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Texas and other parts of the U.S. have become key oil and gas producers again. Further, the U.S. is now the second lowest-cost oil producer in the world after Saudi Arabia. This unexpected change of events has occurred because of the shale revolution and the advent of unconventional extraction techniques...
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Energy gives very little reverence to man-made borders between states and countries. Energy of all types is often produced far distances from where it will finally be used in our homes and businesses. A quick look at energy infrastructure shows just how interconnected energy has made the world. The Women’s...
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The onshore oil and natural gas industry is a perfect example of how technology can help an industry evolve. Challenges continue to be answered with solutions provided by America’s vast pool of bright and talented engineers. The industry’s combined efforts have resulted in countless case studies of efficiency: faster...
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Hurricane Harvey blew into Texas as a Category 4 storm in late August, and then lingered like no previous storm had ever done before. By the time the beast finally moved on up the coast into Louisiana, it had dumped more than 50 inches of rain on parts of...
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In late August, Texans experienced mass devastation after Hurricane Harvey made its way through the Texas Gulf. Winds of 130 mph whipped through the communities of South Texas destroying businesses and homes. While Hurricane Harvey may have destroyed structures, it did not break the spirit of Texas. Days, weeks and...
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For decades, Ohio, Pennsylvania and West Virginia have watched an overwhelming number of manufacturing jobs — particularly steel manufacturing jobs — leave the United States, which led to the region being nicknamed the Rust Belt. During the same time period, the middle class started to shrink and union households...
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Below, you’ll find the Business our November/December 2017 issue of SHALE Oil & Gas Business Magazine featuring President Donald J. Trump. Read the full issue below and feel free to read any of our previous magazines by going to our Magazine Issues page. https://issuu.com/shalemagazine/docs/shale_novdec17_digital
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It has been a year now since we all awoke on Nov. 9, 2016, to the reality that, against all odds and all predictions by the polls and political “experts,” Donald J. Trump had somehow defeated Hillary Clinton in the race to become the 45th President of the United...
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