Reuters, citing Callon Petroleum, reported re-fracking of US shale wells is on the rise as shale firms look to boost output while minimizing the investment needed to bring new shale wells online.
July 11, 2022
The South American nation reported on June 21 that its shale oil and gas output last month hit a record, spurred by continued development of the country's vast Vaca Muerta shale play.
July 07, 2022
According to the EIA's latest Drilling Productivity Report (DPR), output from the seven major US shale formations is set to rise by 143K b/d from June to 8.901MM b/d in July.
June 27, 2022
The 9th US Circuit Court of Appeals upheld a 2018 district court decision that bans fracking in federal waters offshore California.
June 20, 2022
According to Rystad Energy, oil output from five major US shale plays (Bakken, Denver-Julesburg Basin, Eagle Ford, Permian Delaware, and Permian Midland) is set to increase by over 1.0MM b/d this year, led by the Permian Basin.
June 13, 2022
US oil output continues to rise as oil and gas firms boost activity to capitalize on rising oil demand and prices.
June 10, 2022
High levels of inflation across the energy sector are cutting into the capital spending plans of US shale producers.
May 31, 2022
Shale producers ConocoPhillips (COP), Coterra Energy Inc., Devon Energy Corp., and Diamondback Energy Inc. all announced plans to boost dividends and buybacks as part of their 1Q earnings results while maintaining oil output despite oil demand and prices continuing to rise.
May 23, 2022
Rising oil output from the Permian Basin shale play will drive overall US oil output higher this year.
May 16, 2022
Even though growth in the US shale industry has been declining over the past seven years, concerns over energy security, low crude inventories, and elevated oil prices are expected to lead to a "a turning point in the oil and gas capital-expenditure cycle," according to US investment bank and financial services firm Goldman Sachs (GS).
May 09, 2022
