Shale
News
January 23, 2024
The top oil field contractors are looking to make up for a slowdown in U.S. shale work by boosting activity overseas. Halliburton, with its unrivaled footprint in all the major shale basins, offers the closest proxy to U.S. producer activity.
News
January 08, 2024
Most of shale’s private operators in the Permian basin are planning modest growth this year as one of the main engines of U.S. oil expansion downshifts amid volatile commodity prices.
News
January 04, 2024
After ending last year with an estimated production growth of 900,000 bpd higher than the end of 2022, U.S. oil expansion will be “considerably less,” EOG President Billy Helms said Thursday in a presentation to investors.
News
December 20, 2023
U.S. shale executives are bracing for more megadeals in the U.S. oil industry — and some fear the consequences of consolidation.
News
December 19, 2023
Private oil and natural gas operators are projected to cut their budgets by 4% to an average of $34.4 billion in 2024, according to the 39th annual global spending survey from Barclays PLC.
News
December 18, 2023
Operators are squeezing crude out of new wells more efficiently because of innovations in everything from electric-pump technology to new strategies for deploying workers while fracking wells to minimize downtime.
News
December 16, 2023
Tokyo Gas Co. said its subsidiary Tokyo Gas America Ltd. will purchase Rockcliff Energy II LLC for about $2.7 billion in a move to expand its U.S. shale gas operations.
News
December 15, 2023
Permian Basin operator Callon Petroleum Co. is considering strategic options amid takeover interest from rival oil and gas players, people familiar with the matter said, as dealmaking accelerates in the U.S. energy industry.
News
December 12, 2023
Occidental Petroleum Corp.’s $10.8 billion takeover of CrownRock LP equates to more $50,000 per acre for rights to drill some of the richest oil deposits in the hemisphere, according to data-analysis and research firm Enverus Inc.
News
December 11, 2023
Occidental Petroleum Corp. has agreed to acquire Texas shale driller CrownRock LP in a cash-and-stock deal valued at about $12.0 billion, including the assumption of $1.2 billion in debt, as consolidation heats up in North America’s most-prolific oil basin.
News
December 08, 2023
Endeavor Energy, the largest closely-held oil and gas company in the Permian basin, is exploring a sale that could value it between $25 billion and $30 billion, according to Reuters.
News
November 30, 2023
If the purchase is successful, it would augment a portfolio Occidental had already expanded with the $38 billion takeover of Anadarko Petroleum Corp. in 2019
News
November 27, 2023
The planned program, to be conducted by Condor Energy Service, includes 10 stimulation stages within the Amungee Member B-shale over a 500-meter horizontal section of SS1H.
News
November 26, 2023
Argentina’s shale patch has vast untapped potential that has been limited by bottlenecks. In theory, President Javier Milei’s plans should improve YPF’s margins and attract foreign direct investment.
News
November 19, 2023
Drillers in the U.S. shale patch are again trying to rebound from slumping activity, this time expanding the oil rig count by the widest margin in nine months.
News
November 16, 2023
(WO) — WhiteHawk Energy LLC has announced the acquisition of additional Marcellus Shale natural gas mineral and royalty assets for a total purchase price of $54 million.
News
November 14, 2023
The more bullish forecast for Permian production marks a turnaround from last month’s report, which had originally shown output contracting during every month between August and November from the prolific basin.
News
November 07, 2023
The cash-and-stock acquisition will add about 800 drilling locations and an expected 56,000 boed of production in 2024, Calgary-based Crescent Point said Monday.
News
November 03, 2023
Average hourly earnings for front-line oil-and-gas workers rose 0.9% in September from the previous month to $43.63, according to a Labor Department report released Friday. Compared with a year ago, oil pay is up 5.7%.
News
October 31, 2023
Exxon Mobil Corp. named Bart Cahir as Senior Vice President of its shale division, replacing David Scott, who was arrested in Texas earlier this month and accused of sexual assault.
News
October 16, 2023
The A3H well was drilled, cased and cemented to a total measured depth (“TD”) of 3,837 m, including a horizontal section of 1,100 m in the Amungee Member B-shale.
