These numbers include water requirements for power generation for in-situ heating processes, retorting, refining, reclamation, dust control and on-site worker demands. Shale Players in Spotlight The robust crude price rebound is a boon for oil explorers and producers operating in the key U.S. shale plays like the Permian Basin and Eagle Ford. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. In Estonia, the co-pyrolysis of kukersite with renewable fuel (wood waste), as well as with plastic and rubber wastes (tyres), has been tested. A full-scale project to develop oil shale would require heavy investment and could potentially leave businesses vulnerable should the oil price drop and the cost of producing the oil would exceed the price they could obtain for the oil. Shale oil comprises more than a third of the onshore production of crude oil in the lower 48 states. The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Internal energy (or self-energy) is energy released by the oil shale conversion process that is used to power that operation (e.g. The oil price war is a nightmare for US shale producers. [4], A comparison of the proposed American oil shale industry to the Alberta oil-sands industry has been drawn (the latter enterprise generated over 1 million barrels per day (160×10^3 m3/d) of oil in late 2007), stating that "the first-generation facility is the hardest, both technically and economically". In order for the operation to be profitable, the price of crude oil would need to remain above these levels. US shale oil firms have far higher production costs than Saudi Arabia, which unleashed a price war over the weekend. U.S. shale drillers are poised to be among the biggest losers in the oil-price war stoked by Russia and Saudi Arabia that has sent global prices crashing. This estimate considers varying levels of kerogen quality and extraction efficiency. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking. Oil prices plunged. The company is prioritizing investments in key resources that include the Permian. By December 22, they had bid oil prices down to $31.10 a barrel. In 2021, this Zacks #3 Ranked upstream firm is likely to see earnings growth of 12.4%. [30] CBT Prices from 2001 to 2006 has had a range of $10,000 to $14,000 per share, or $14,000 to $20,000 per acre foot. These estimates assume a return rate of 15%. ", "Global oil shale issues and perspectives. Shale oil extraction methods are more flexible than traditional oil well drilling. [4] The industry is proceeding cautiously, due to the losses incurred during the last major investment into oil shale in the early 1980s, when a subsequent collapse in the oil price left the projects uneconomic. The United States Department of Energy estimates that the ex-situ processing would be economic at sustained average world oil prices above US$$54 per barrel and in-situ processing would be economic at prices above $35 per barrel. Shale Oil & Gas Add to myFT. Brent crude was trading down to $34.36. Based in Irving, TX, Exxon Mobil Corporation XOM is among the largest integrated energy companies in the world. 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A Scientific-Technical Journal, "Shell's ingenious approach to oil shale is pretty slick", "Shell shelves oil-shale application to refine its research", "New directions for shale oil:path to a secure new oil supply well into this century: on the example of Australia", "Strategic Significance of America's Oil Shale Resource. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i