Why Big Oil is Pivoting More to Shale

Jefferies Senior Equity Research Analyst Jason Gammel discusses the price of oil, the shift of capital to shale drilling and the growth of the Permian Basin.

Mar 6, 2017

Jefferies Senior Equity Research Analyst Jason Gammel discusses the price of oil, the shift of capital to shale drilling and the growth of the Permian Basin. He speaks with Bloomberg's Alix Steel on "Bloomberg Daybreak: Americas.”

Latest in Chemical Processing
Industrial Media Unboxing Video
Sponsored
Industrial Media Unboxing Video
January 31, 2023
Hydrite
Hydrite Receives State of Iowa Incentives for Waterloo Expansion
March 3, 2022
Flames and smoke are seen from an explosion at a chemical plant in Rockton, Ill., Monday, June 14, 2021.
Foam Brings Chemical Plant Fire 'Under Control'
June 16, 2021
Flames and smoke are seen from an explosion at a chemical plant in Rockton, Ill., Monday, June 14, 2021.
Explosion Rocks Illinois Plant, May Burn for Days
June 15, 2021
Related Stories
Basf
Chemical Processing
BASF Bringing Specialty Chemical Production to U.S.
For the chemical industry, measuring and controlling moisture content is critical to ensure product quality and efficient production.
Chemical Processing
3 Ways Chemical Processors Can Benefit from NIR Technology
Conviction Justice I Stock 1346156711 626bf41b8374e
Chemical Processing
Man Admits Selling Unregistered Chemicals to Fight COVID-19
Industrial Media Unboxing Video
Sponsored
Industrial Media Unboxing Video
More in Chemical Processing
Today in Manufacturing Podcast
Sponsored
Today in Manufacturing Podcast
Today in Manufacturing has a new podcast brought to you by the editors of Industrial Media. In each episode, we discuss the five biggest stories in manufacturing, and the implications they have on the industry moving forward.
January 31, 2023
Raman spectroscopy can be used to predict the different chemical compounds that make up the sample.
Energy
Simplifying Oil and Gas Predictive Modeling
Chemometrics and Raman spectroscopy streamlines turnaround, throughput and real time test results.
January 30, 2023
Battery
Chemical Processing
Manufacturing Process Produces Cheaper Cathodes for Lithium-Ion Batteries
Instead of continuously stirring cathode materials with chemicals in a reactor, their hydrothermal synthesis approach crystalizes the cathode.
December 6, 2022
Basf
Chemical Processing
BASF Bringing Specialty Chemical Production to U.S.
The expansion will retain more than 1,000 existing jobs at a Louisiana facility.
August 5, 2022
The implementation of the methylene diphenyl diisocyanate (MDI) capacity increase program for production facilities at BASF’s Verbund site in Geismar, Louisiana, is progressing on schedule.
Operations
BASF Invests $780M in U.S. Chemical Plant Expansion
The factory will make a vital component in polyurethanes.
July 19, 2022
For the chemical industry, measuring and controlling moisture content is critical to ensure product quality and efficient production.
Chemical Processing
3 Ways Chemical Processors Can Benefit from NIR Technology
NIR moisture measurement facilitates more efficient labor, higher quality and better pricing.
June 28, 2022
Conviction Justice I Stock 1346156711 626bf41b8374e
Chemical Processing
Man Admits Selling Unregistered Chemicals to Fight COVID-19
Customers included the U.S. Marshals Service and the Department of Veterans Affairs.
June 10, 2022
Cloud seeding equipment near Winter Park in Colorado.
Chemical Processing
Cloud Seeding Might Not Be as Promising as Many Hoped
Right now, machines are set up to fire chemicals into the clouds in attempts to generate snow.
March 16, 2022
Endangered Mississippi sandhill cranes at the Mississippi Sandhill Crane National Wildlife Refuge, Gautier, Miss., Nov. 27, 2012.
Laws & Regulations
Wildlife Officials Reverse Course on Pesticide
Chemical manufacturers vowed to change product labels so the highly toxic pesticide is used more carefully.
March 9, 2022
Hydrite
Chemical Processing
Hydrite Receives State of Iowa Incentives for Waterloo Expansion
The project represents a $21 million capital investment over the next three years.
March 3, 2022
Rice University graduate student M.A.S.R. Saadi coats a compound of sulfur and selenium onto steel to test its ability to protect the surface from biotic and abiotic contaminants.
Chemical Processing
Anti-Corrosion Coating Sets New Benchmark
Flexible, self-healing material protects steel from the elements.
October 20, 2021
Professor of food science and human nutrition Yong-Su Jin led a team that developed a methodology for efficiently converting the hemicellulose in switchgrass into high-value bioproducts using an engineered yeast and the acetate and xylose from the plants’ cell walls.
Chemical Processing
Bioprocess Converts Plant Materials into Valuable Chemicals
Lignocellulose, the woody material that gives plant cells their structure, is the most abundant raw material on Earth.
August 18, 2021
A new one-step method creates a liquid-proof, more buoyant cotton fabric for life jackets.
Chemical Processing
One Step Makes Cotton Liquid-Proof, More Buoyant
The tech is ideal for life jackets.
July 16, 2021
In the photo, additive is blended into heavy crude oil in this step of the SwRI-developed “EZ Flow” to treat heavy crude oils.
Chemical Processing
New Technique Supports Pipeline Transport of Heavy Crude Oils
Treated heavy crude oil can be moved great distances without heating the pipeline or adding large amounts of chemical or diluent.
July 16, 2021
Eloisa Vendemiatti, a postdoctoral researcher at WVU, and Vagner Benedito, associate professor of biochemical genetics, observe tomato plants at the WVU Greenhouse. They're working to develop an insecticide-resistant trait to the domesticated tomato.
Chemical Processing
Researchers Trying to Develop Insecticide-Resistant Tomato
One West Virginia University researcher is confident he will be able to develop a tomato that requires little to no pesticides.
June 28, 2021