U.S. Merger Boom Could Slow Shale Production Growth
Some private oil producers in the Permian will hit the brakes on output growth as they have been acquired by large publicly-traded companies
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Some private oil producers in the Permian will hit the brakes on output growth as they have been acquired by large publicly-traded companies
'The coming year will be another rollercoaster ride for the industry'.
The U.S. shale industry is expected to continue its consolidation trend in 2024, following significant mergers and acquisitions in 2023, with large firms acquiring smaller producers in the Permian Basin.
Peak oil and gas demand in the 2030s can be met without a significant rise in current annual investment levels of $500 billion.
Peak natural gas and oil demand could be met in the 2030s without a substantial increase to current investment levels of $500 billion a year, according to