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oil and gas

U.S. Oil Industry Peaks as “the days of easy oil are over”

U.S. Oil Industry Peaks as “the days of easy oil are over”

In October, shortly after Exxon and Chevron announced over $100 billion in combined acquisitions, oilfield services company Halliburton’s CEO Jeff Miller warned about the reality of producing oil in the U.S. shale industry. “The reality is you have to do more work in order to stay flat.” This

The U.S. Shale Oil Industry Asks You to Believe in Technology as Savior…Again

The U.S. Shale Oil Industry Asks You to Believe in Technology as Savior…Again

This article is the fourth in a series about the current state of the U.S. oil industry and how the industry is setting itself up to take the remaining profits it can and then stick the U.S. public with the cleanup bill. If you listen to them, the

The Media is Helping Spread Oil Industry Myths Again

The Media is Helping Spread Oil Industry Myths Again

[J]ournalists must also be careful not to believe everything people say. Sometimes, people are mistaken. Sometimes, people lie.’

After $60 Billion Offer from Exxon, Pioneer CEO Changes His Tune on US Oil Industry

After $60 Billion Offer from Exxon, Pioneer CEO Changes His Tune on US Oil Industry

Scott Sheffield is one of the most financially successful shale oil and gas CEOs in America. And while he owes this personal wealth in part to producing a lot of oil, it also has helped that he knows how to “talk his book.” Like Exxon CEO Darren Wood, who is

Exxon’s $20 Billion Fraud Lawsuit Continues

Exxon’s $20 Billion Fraud Lawsuit Continues

“No one I knew in the organization thought this was possible; the pressure to deliver on Woods’ promise to the market permeated the organization.”

We ARE Having the Wrong Debate on LNG Exports

We ARE Having the Wrong Debate on LNG Exports

Have you seen the latest messaging from the oil and gas industry public relations machine on LNG exports? At Heatmap we are told that if we want to know if LNG is bad or good that, “The answer depends on where it’s going and what it’s replacing.” Which

Peak US Oil Production Looms as the Domestic Shale Boom Ends

Peak US Oil Production Looms as the Domestic Shale Boom Ends

It appears that the U.S. fracking boom is ending far earlier than many industry experts and CEOs predicted.