Oil output inches up at top US shale firms, with faster growth elusive
By Arathy Somasekhar HOUSTON (Reuters) – Top U.S. shale oil producers are raising output by pulling more from each well but lack the level of activity to add significant new volumes, a…
US Shale Boss Says Industry’s Golden Age Is ‘Over’
US Shale Boss Says Industry’s Golden Age Is ‘Over’ Jack McEvoy on January 16, 2023 The head of the largest U.S. shale oil producer said that his industry, which saw massive growth…
U.S. energy envoy Hochstein calls investor hostility to shale drilling “un-American” -FT
(Reuters) – U.S. energy envoy Amos Hochstein described the refusal of the country’s shale investors to ramp up drilling as “un-American” in an interview with the Financial Times on Sunday. “I think…
U.S. shale producer EOG pays $847 million to settle third-quarter hedges
(Reuters) – Shale oil and gas producer EOG Resources Inc paid $847 million during the third quarter to settle wrong-way bets on energy prices, the company said in a regulatory filing on…
As natural gas prices jump, shale oil firms get gassy
By Liz Hampton (Reuters) – Natural gas a few years ago was so unwanted that U.S. shale oil producers sold it at cost just to pump more oil. Today, prices are near…
U.S. shale companies top Wall Street estimates, focus on returns
By Liz Hampton and Arunima Kumar (Reuters) -U.S. shale producers Devon Energy, Diamondback Energy and Coterra Energy on Monday reported sharp increases in profit that beat Wall Street estimates, but held production…
As oil prices soar, U.S. shale, OPEC in no rush to resume price war
By Liz Hampton – U.S. shale producers and OPEC, who not long ago were waging a price war, this week found themselves on similar sides as oil prices have surged well above…
U.S. shale oil and gas producers Oasis and Whiting in talks to merge – source
By David French – U.S. shale oil and gas producers Oasis Petroleum Inc and Whiting Petroleum Corp are close to agreeing an all-stock merger that could be announced as soon as this…
U.S. shale oil forecasts keep rising as smaller producers lead the way
By Liz Hampton – Publicly traded U.S. shale firms are not budging on production restraint vows as oil markets surge amid Russia’s invasion of Ukraine, leaving smaller producers to lead output gains…
Breaking News
