shale oil

noun

Definition of shale oil

: a crude dark oil obtained from oil shale by heating

Examples of shale oil in a Sentence

Recent Examples on the Web Chesapeake Energy Corp filed for bankruptcy on June 28, ending the pioneer’s run leading the US shale oil and gas industry. Michael J. Coren, Quartz, "After a decade of losses for US shale oil, 2020 may be a final reckoning," 2 July 2020 But the company overleveraged itself drilling for gas, and was slower to pivot to shale oil, which is more lucrative as U.S. gas prices have stayed historically low. Abby Smith, Washington Examiner, "Daily on Energy: Supreme Court punts on major natural gas pipeline," 29 June 2020 Aided by historically-low interest rates, US shale oil companies long enjoyed easy access to capital from investors captivated by their growth potential. Matt Egan, CNN, "30% of shale oil companies could go belly up if crude stays this cheap," 23 June 2020 But in 2016, fracking opened up the taps on cheap US shale oil. Michael J. Coren, Quartz, "Apple is now worth more than the combined value of the oil and gas majors," 19 June 2020 Tapping shale oil is generally more expensive than extracting other kinds of petroleum reserves, and the U.S. companies specializing in that production are among the hardest hit by the crash in prices. Dino Grandoni, Anchorage Daily News, "Analysis: Oil prices bounce back from pandemic-fueled lows, but troubles remain," 19 May 2020 Energy analysts and industry officials have warned, however, that excluding foreign oil could backfire because US refineries can't run solely on American shale oil. Matt Egan, CNN, "Trump promises to rescue oil companies after prices go negative," 21 Apr. 2020 In general, extracting shale oil is profitable at prices of about fifty dollars a barrel. Joshua Yaffa, The New Yorker, "How the Russian-Saudi Oil War Went Awry—for Putin Most of All," 15 Apr. 2020 But a prolonged price collapse could harm U.S. shale oil companies in states with outsized political importance, such as Texas, Pennsylvania, and Colorado, along with reliable conservative states like North Dakota, Louisiana, and Alaska. Josh Siegel, Washington Examiner, "Conservatives look to squash Trump bailout for oil industry," 10 Mar. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'shale oil.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of shale oil

1857, in the meaning defined above

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The first known use of shale oil was in 1857

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Last Updated

6 Jul 2020

Cite this Entry

“Shale oil.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/shale%20oil. Accessed 6 Jul. 2020.

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Britannica.com: Encyclopedia article about shale oil

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