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Shale Reality Check 2019.

Shale gas and tight oil have provided a new lease on life for U.S. oil and gas production. But how sustainable is shale production in the long term given optimistic forecasts of robust production through 2050 and beyond? […]

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Reserve replacement ratio dips to the lowest in decades.

Oil and gas companies have discovered 7.7 billion barrels of oil equivalent (boe) of conventional oil and gas year-to-date, according to Rystad Energy’s latest global discoveries report. The so-called resource replacement ratio for conventional resources now stands around 16%, meaning that only one barrel out of every six consumed is being replaced by new sources. See press release in pdf. […]

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A new website for ASPO.be

On January 15, 2019, ASPO.be launched its new website. With french and english sections. Many publications about peak oil are written in English, while many readers of ASPO.be are francophone. To avoid to our visitors the struggle to search among documents written in a langage that is not familiar to them, we divided the website into French and English sections. […]

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Book: Oil, Power, and War. A dark history.

By Matthieu Auzanneau. Publisher: Chelsea Green Publishing: In this sweeping, unabashed history of oil, Matthieu Auzanneau takes a fresh, thought-provoking look at the way oil interests have commandeered politics and economies, changed cultures, disrupted power balances across the globe, and spawned wars. He upends commonly held assumptions about key political and financial events of the past 150 years, and he […]

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Shale Technology: Moore’s law or Turgot’s? SailingStone capital partners, january 2018

In the last decade, we have witnessed seismic changes in the oil and gas industry, particularly regarding the economics of North American unconventional production. A significant portion of these advances have been attributed to technology, which many observers expect to be a continued source of deflation into the future. In this paper, we attempt to disaggregate structural improvements in well […]

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All-time low for discovered resources in 2017: Around 7 billion barrels of oil equivalent was discovered.

Rystad Energy concluded this week that 2017 was yet another record low year for discovered conventional volumes globally. Less than seven billion barrels of oil equivalent has been discovered YTD. “We haven’t seen anything like this since the 1940s,” says Sonia Mladá Passos, Senior Analyst at Rystad Energy. “The discovered volumes averaged at ~550 million barrels of oil equivalent per […]

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Shale reality check, J.D.Hughes, 2018

« Shale gas and tight oil from low permeability reservoirs have provided a new lease on life for U.S. oil and gas production. Tight oil has allowed U.S. oil production to double from its 2005 lows, and shale gas has similarly allowed a major increase in U.S. gas production. However, the nature of these reservoirs is that they decline quickly, such […]