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Shale

Not a Slump for Some

2015 was not a good year for a lot of people in the Oil & Gas industry. Prices dropped, rigs closed, towns emptied and jobs were lost. This industry has seen better days that is for sure.

The Rise & Fall

Last week the Oil & Gas industry lost one of the giants. Aside from some of the controversial things he may have done Aubrey McClendon was the face of the Shale boom. He also is the face of the Shale downturn.

Project Icewine

While shale in the lower 48 has slowed because of the low oil prices, in Alaska, shale is hitting new frontiers with 88 Energy’s Project Icewine. This is a project to uncover a significant new shale play. One that could possibly be as big as the Marcellus or Utica Shales.

Highs & Lows

With gas prices the lowest we have seen in years there are bound to be some effects right? Absolutely right! And those effects are good and bad depending on how you look at them. Here are some highs & lows of these fluctuating prices.

 

Highs

 

Who is OPEC and why do they matter?

If you have anything to do with shale or follow energy news you have probably heard of OPEC. When I first started I kept seeing it pop up in articles and I just glanced over it. I honestly did not pay much attention to it. Although I know now that it is pretty important.