Shale
News
March 07, 2022
In the Western Permian Basin, the Railroad Commission began implementation of a first of its kind operator-led response plan that addresses injection-induced seismicity to help keep residents and the environment safe.
News
March 04, 2022
The chorus is growing from America’s oil executives for President Joe Biden to throw the federal government’s weight behind an industry he once deliberately shunned: U.S. shale.
News
February 25, 2022
Inflation and brisk competition for the most-sophisticated drilling gear will hinder U.S. oil-supply expansion this year, according to shale giant EOG Resources Inc.
News
February 18, 2022
Even as crude prices hurtle toward $100 a barrel, U.S. oil output won’t be able to reach its pre-pandemic high until later next year as inflation and production logjams present obstacles to the industry’s recovery.
News
February 18, 2022
The timing couldn’t be worse for consumers, but the message from shale country is loud and clear: the independents won’t repeat the mistakes of the past by flooding the world with cheap oil.
News
February 16, 2022
ConocoPhillips is supplying a Bitcoin mining project with natural gas from the Bakken shale of North Dakota in a first for a major U.S. producer.
News
February 09, 2022
New York’s $280 billion state pension fund will divest more than $238 million in shares and bonds of oil and gas companies.
News
February 08, 2022
Oil executives tempted by the prospect of the highest crude prices in seven years are showing all the signs of abandoning pledges to hold the line on drilling budgets, Citigroup Inc. said.
News
February 04, 2022
Output in the U.S. shale patch is “re-booming” this year, with research and data analysis firm Lium LLC forecasting production will surge by more than 1 million barrels a day.
News
February 03, 2022
Oil shot across $90 for the first time since 2014 as winter weather in the U.S. threatened to shut in some production while geopolitical tensions continued to keep investors on edge.
News
February 02, 2022
Vitol Group, the world’s largest independent oil trader, is partnering with shale specialists who formerly led Brigham Exploration Co. to expand amid the highest crude prices in seven years.
News
February 01, 2022
President Joe Biden, who asked OPEC+ to raise oil production faster to tame runaway energy prices, got a gift on his home turf instead: a blockbuster growth forecast for U.S. shale production from the country’s two biggest oil companies.
News
January 31, 2022
JPMorgan Chase & Co. is selling Bighorn Permian Resources LLC, an oil and gas producer it took over in 2020 after the company failed to attract bidders during its bankruptcy, to Earthstone Energy Inc. for $860 million.
News
January 28, 2022
Chevron Corp. plans to increase Permian Basin production by about 10% this year from 2021 levels, among the biggest growth forecasts yet from any of America’s top shale producers.
News
January 27, 2022
U.S. shale executives have finally achieved something that eluded the industry for more than a decade: the ability to turn over billions of dollars in dividends to shareholders while at the same time boosting production to tap into surging global oil demand.
News
January 26, 2022
A major U.S. natural gas pipeline project that’s crucial for shale drillers in the Appalachians is now in doubt after a court rejected its permit to cross a national forest in the Virginias.
News
January 25, 2022
Chesapeake Energy Corp. agreed to buy closely held Chief E&D Holdings LP and associated assets held by affiliates of Tug Hill Inc. for about $2.6 billion in cash and stock, marking its second multi-billion-dollar acquisition since emerging from bankruptcy last year.
News
January 21, 2022
Oil and gas drilling is big business once again, if the leap in demand for services from Baker Hughes Co., the world’s No. 2 oilfield contractor, is any gauge.
News
January 21, 2022
Schlumberger is gearing up for growth around the world as the No. 1 oilfield contractor expects recovering economies to ignite several years of crude-demand expansion.
News
January 20, 2022
Texas natural gas production dropped for the second time this month because of freezing temperatures settling over the state.
News
January 20, 2022
Chesapeake Energy Corp. is in advanced talks to acquire privately owned natural gas producer Chief Oil & Gas Inc. for about $2.4 billion including debt, Reuters reported, citing people familiar with the matter.
