Shale Oil

The US EIA projects that crude production in the Permian Basin will reach 6.6MM b/d by 2025, reflecting a growth rate of 3.6% in that year.

The third quarter of 2024 has witnessed a noticeable deceleration in US oil and gas production, characterized by modest growth in oil activity while natural gas output has sharply declined.

The French energy major has taken a significant step in expanding its natural gas portfolio by acquiring a 45% stake in dry gas-producing assets from Lewis Energy Group in the Eagle Ford basin, Texas.

The US shale sector is undergoing a significant wave of M&A, which is expected to reshape the landscape of oil production and exports in the long term.

The US shale industry is entering a promising phase marked by rising production efficiency, significant growth in key regions like Lea County, and groundbreaking innovations in methane conversion.

US energy major is set to divest a collection of conventional oil assets in the Permian Basin, with the sale potentially generating around $1B.

Shale oil output is expected to rise in 2025 with significant implications for global markets considering the ban on Russian oil by the West, and sanctions against Iran and Venezuela, and ongoing OPEC+ production cut.

In recent months, the US oil and gas sector has experienced a surge in merger and acquisition activity, with the potential to surpass last year’s figures.

Recent developments in the US shale sector reveal a dynamic shift towards enhanced efficiency and consolidation, with significant implications for the global oil market.

Occidental Petroleum has finalized its acquisition of CrownRock LP for approximately $12.4B, surpassing the initial estimated price.