The Blogtimely commentary and analysis on the state of energy

May

26

Has Occidental Petroleum Deliberately Duped Investors?

By Deborah Lawrence (formerly Deborah Rogers) You gotta love shales! I frequently refer to the sector as “the greatest show on Earth” due to the three ring circus exploits of shale operators. It is highly entertaining. And few things have been more entertaining recently than EIA’s admittance that there is simply very little oil in […]

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May

22

Are Shales A Bubble?

By Deborah Lawrence (Formerly Deborah Rogers) Hype works. Particularly when monetary and economic benefits are promised. Hype has been the primary tool used by the oil and gas industry with regard to shales and it has worked brilliantly. There is just one problem. When considering shale economic viability, hype was the only aspect that actually […]

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May

22

Monterey Reserves Slashed

EIA, part of the US Department of Energy, significantly downgraded the Monterey shale reserve estimates today. Prior estimates had projected 13.7 billion barrels of recoverable reserves. This was drastically slashed to .6 billion barrels. This constitutes a 95% revision in reserves. Further, the Monterey was touted by both industry and government as the largest potential […]

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