Big deals in US shale may not mean boom times are back | FT Energy Source
Вставка
- Опубліковано 11 гру 2023
- High energy prices have generated bumper profits for fossil fuel supermajors, and some are spending big to acquire significant producers in US shale. But as the FT’s Jamie Smyth reports, this may not mean a return to the boom times for the industry, especially in the American Midwest.
#energy #fossilfuel #energyprices
See if you get the FT for free as a student (ft.com/schoolsarefree) or start a £1 trial: subs.ft.com/spa3_trial?segmen....
► Check out our Community tab for more stories on the economy.
► Listen to our podcasts: www.ft.com/podcasts
► Follow us on Instagram: / financialtimes'
Chevron didn't buy Hess because of their US operation, but because of their foreign Operations. Hess for example is a major player in the current Oil boom in Guyana.
1:57
Shale drillers need to start using their drilling expertise to drill geothermal wells to produce baseload electricity.
Wasn't the entire U.S. shale boom funded by debt and technically most wells produced at a financial loss?
The Bakken has massive economic effects. Even here in Montana.
Good! The Shale gets in the Blue Energy Grid or Natural Gas Grid.
These busts in northern US are detrimental because the people left. Workers are untrained, unmotivated and underpaid. The big corporations are sucking out the profits for shareholders and ignoring the workers. Now you have skeleton crews and underperforming rigs in every company. The drilling operations aren't even the most expensive part of the process yet the people haven't received raises or bonuses in years but the companies are obviously still profitable and ROIs are being met. Capitalism at its finest: F*** the workers. Profits go to investors only.
Sponsored by Ibredola, a Spanish Corporation. Seriously , FT. 😊
They have completely missed the point, the reason for the decrease in production is wall street not wanting oil companies to just drill like crazy like in 2014. That’s why Exxon bought continental, to expand drilling in the Permian and bypass Wall Street.
This video misses a lot of the big picture, the main point behind the big consolidation going on in the Permian right now, is to simply expand acreage inventory to keep drilling at the desired drilling volume for longer. Chevron, however, has no need to aquire more acreage to the same extent as some of the other majors since their acquisitions of Gulf and Texaco back in the day allowed them to acquire considerable amounts of acreage in the region
Permian production is limited by full pipeline flows out to market. Pipeline projects are planned.
hy
So called? Tell me you're a propagandist without telling me you're a propagandist FT.
Boomers don’t have much time left for more discoveries anymore and want to cash out fast
Why us don't use they own fuel
we want democracy Bangladesh we want voting rights in Bangladesh