U.S. shale oil producers will increase capital spending by nearly a fifth next year as they deploy more rigs and inflation bites, according to Rystad Energy AS. Expenditures will rise Continue Reading
US shale expenditure is projected to surge 19.4% next year Eagle Ford, Niobrara and Anadarko regions are anticipated to beat nationwide average spending growth Service price inflation alone is set Continue Reading
Rystad Shale Capex US shale expenditure is projected to surge 19.4% next year, up from an expected $69.8 billion in 2021 to $83.4 billion, the highest level since the onset Continue Reading
The leaders of Chesapeake Energy Corp. plan to ramp up activity in Texas’ Eagle Ford basin in 2022 as part of an investment plan they expect will contribute to forecasted Continue Reading
Drillers have focused on completing DUCs during the last couple of months Completion of DUCs has largely helped the record cash flows of the shale patch this year Shale drillers Continue Reading
Shale drillers’ newfound commitment to production discipline appears to be paying off as crude plunges toward a bear market. While West Texas Intermediate crude is poised for the biggest monthly Continue Reading
Shale explorers in the U.S. are showing no sign of accelerating the pace of deployment for drilling rigs, despite criticism from the Biden administration that they’re holding back on production Continue Reading
The US drilling rig count increased by 6 units to reach 569 rigs working for the week ended Nov. 24, according to Baker Hughes data. The count is up 249 Continue Reading
As the Biden administration and allies scramble to deliver more oil to market through stockpile releases, shale producers are tapping the brakes on reinvestment, according to new data, a sign Continue Reading
U.S. shale producers saw reinvestment rates hit an all-time low in the third quarter and saw record levels of free cash flow A group of 21 public U.S. shale companies Continue Reading
