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Despite a strong increase in shale oil production in 2023, lower prices in 2024 could bring about a sharp curtailment of drilling and a moderate reduction in completion activity in shale
The race among major players to acquire Crownrock LP, a Midland basin-focused private E&P with 100K acres and 150K BOEPD production, is heating up.
As merger-mania in the American shale patch continues to gain momentum, ConocoPhillips is now said to be considering an offer for Permian basin producer CrownRock LP
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Shale companies turn to mergers to address reserve replacement challenges, with Pioneer Natural Resources and Devon Energy leading the way.