New drilling and completion technologies such as horizontal drilling and hydraulic fracturing (“Fracking”) unlocked billions of barrel on oil and gas. This resulted in increasing drilling activity that has set the USA on the track of becoming the world’s largest oil producer by 2017 and a net exporter of natural gas by 2020 according to… [Read More]
The Best MLP ETF for Midstream Exposure
The U.S energy industry is expanding quickly, domestic production is booming thanks to unlocking unconventional reserves. Combined US crude production from the Bakken and Eagle Ford plays currently exceeds 1.6 million barrels per day – 31% of total US cride production. That’s up from just 400,000 b/d in 2010. Crude volumes are expected to cross… [Read More]