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Shale Helps Insulate U.S. from Oil Shocks—But Not Entirely

U.S. shale has provided that much-needed insulation against global price shocks that were previously inevitable when the Middle East caught geopolitical fire.

Iraq , Saudi-arabia , Canada , Israel , Iran , Russia , United-states , Canadian , Jim-krane , Daniel-yergin , Strategic-petroleum , Energy-information-administration

Oil And Gas Mergers Hit Record Q1 Levels In 2024

A new report finds that US oil and gas mergers and acquisitions hit a new first quarter high during Q1 2024.

United-states , America , Andrew-dittmar , Devon-energy , Mewbourne-oil , Energy-resources , Conocophillips , Chesapeake-energy , Diamondback-energy , Exxonmobil , Callon-energy , Southwestern-energy

Mid-size firms to revitalize Permian shale production with new drilling innovations

While production is at record levels, productivity per well in the Permian basin has declined 15% since 2020, due to factors like interference with underground pressure from extensive drilling. However, innovations like longer lateral wells and simultaneous fracking (simul-frac) are improving efficiency and lowering costs.

Chevron , Reuters , Exxonmobil , Shale , Roduction , Rilling , Ermian ,

Upstream M&A activity hits record $51 billion on backs of Permian shale megadeals, Enverus reports

Outmaneuvering larger rivals to secure Endeavor puts Diamondback in the front row among Permian-centric E&Ps, giving it a scale comparable to Pioneer Natural Resources prior to its sale to ExxonMobil. APA also expanded in the Permian, but via the public merger route with its purchase of smaller Callon Petroleum for $4.5 billion.

Japan , Andrew-dittmar , Enverus-intelligence-research , Mewbourne-oil , Chesapeake-energy , Callon-petroleum , Canada-baytex-energy , Fasken-oil-ranch , Exxon , Southwestern-energy , Energy-resource , Diamondback-energy

U.S. Crude Production To Decline In 2024 As Shale Activity Stalls

Analysts from Standard Chartered have predicted that U.S. crude output will clock in 300 kb/d lower than the pre-pandemic peak by the end of the year

Red-sea , Djibouti-general- , Djibouti , Ukraine , Ukrainian , Oil-market-report , Us-energy-information-administration , International-energy-agency , Standard-chartered-research , Information-administration , Standard-chartered

Shale CEOs hesitant to begin new Permian drilling campaigns due to political uncertainty, Dallas Fed says

Drillers in the Permian basin told the survey they could profitably bore new wells with a crude price of $65 a bbl, well below the $83 actual price during the period in which opinions were gathered. The snag, however, is concern that the Biden administration may impose costly regulatory changes that would gut future profitability, survey respondents said.

Dallas , Texas , United-states , Louisiana , New-mexico , White-house , District-of-columbia , America , Bloomberg , Federal-reserve-bank , Exxonmobil

Oil and gas upstream M&A deal value hits highest first-quarter levels since 2017

Deals worth more than $55-billion have been announced in the first two months of 2024, according to analytics firm Enverus

Andrew-dittmar , Palash-ravi , Callon-petroleum , Rystad-energy , Energy-partners , Diamondback-energy , Log-increate-free , Endeavor-energy-partners , Henry-hub , Energy , Quarter , Enverus

U.S. Shale Drives Global Upstream M&A Value To Highest since 2017

The value of global upstream mergers and acquisitions has already hit this quarter the highest first-quarter level since 2017, driven by frenzied consolidation in the U.S. shale patch

Charles-kennedy , Palash-ravi , Rystad-energy , Callon-petroleum-company , Diamondback-energy , Energy-resources , Reuters , Chord-energy , Exxonmobil , Chevron , Endeavor-energy-resources , Shale

ExxonMobil weighs $1 billion sale of Argentine shale assets

Exxon received several offers for holdings in Argentina’s heralded Vaca Muerta formation in Patagonia earlier this month, according to people familiar with the matter. The assets, which comprise stakes it owns with QatarEnergy in seven oil-and-gas blocks in the shale patch as well as holdings in a pipeline, have been valued at around $1 billion, said the people, who declined to comment publicly on private talks.

United-states , Argentina , Spain , Vaca-muerta , San-juan , American , Spanish , Argentine , Javier-milei , Exxon-mobil-corp , Exxon , Bloomberg

How the Western Hemisphere Became The Driver of Oil Production Growth

The growth in oil production in the Western Hemisphere actually captured all the growth in global oil demand in the decade 2012 through 2022.

Brazil , Canada , Venezuela , Russia , Guyana , United-states , Norway , Mexico , America , Tsvetana-paraskova , John-kemp , Exxon