The New Acquisition Strategy Of U.S. Shale
The value of mergers and acquisitions in U.S. shale fell by 65% in the second quarter of 2022 compared to a year earlier. Now, interest in acquisitions appears to be Continue Reading
How High Can U.S. Shale Production Climb?
The U.S. Energy Information Agency (EIA), has forecasted in their most recent edition of the Short Term Energy Outlook-STEO, a rise in U.S. production of about 800K BOEPD by the Continue Reading
U.S. Drilling Activity Slows As Prices Ease
The number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
U.S. shale producers keep eyes on returns, even as inflation bites
Top U.S. shale oil producers say they remain laser focused on shareholder returns, limiting production expenditures largely to offset higher costs for equipment, supplies and services. The decision likely will Continue Reading
Shale Companies Prepare For Their Best Quarter Ever
The U.S. shale patch has been disappointing shareholders for over a decade now, struggling to return profits to investors. This year, all of that is going to change as the Continue Reading
U.S. targets Chinese, UAE firms in new Iran oil sanctions
The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars’ in Iranian oil and petrochemical products to East Continue Reading
Shale Profits Finally Blossoming After Decade of Steep Losses
US shale drillers are expected to post record second-quarter profits in coming days, reversing nearly a decade of debt-fueled losses. The top 28 publicly traded US independent oil producers generated Continue Reading
Shale Drilling Climbs to Levels Not Seen Since Early Weeks of Pandemic
Shale explorers are searching for oil at rates not seen since the early weeks of the pandemic as high crude prices incentivize drilling. Oil rigs operating in US fields increased Continue Reading
China Claims First Offshore Shale Oil And Gas Discovery
In a first for Chinese offshore shale, state-run oil giant CNOOC has announced what it claims to be a commercial discovery in the Beibu Gulf in the South China Sea Continue Reading
U.S. Oil Rig Count Unchanged As WTI Slumps Below $100
The number of total active drilling rigs in the United States rose by 2 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading