According to Norwegian consultancy Rystad Energy's Vice President of Shale Research Thomas Jacob, even if oil prices recover to over $60/bbl, only 250-300 fracking fleets will be needed to meet oil demand, compared to 400 fleets in 2018.
October 14, 2020
In response to the collapse in oil prices earlier in the year, US shale producers were forced to cut output drastically, causing domestic crude production to fall by 2.7MM b/d to 10MM b/d from April to May.
October 07, 2020
According to the EIA liquids output from the seven main US shale plays is expected to fall by about 68K b/d from Sept.
September 30, 2020
According to Sergio Affronti, CEO of Argentina's state-owned oil company, YPF will start operating two drilling rigs in the Loma Campana Block.
September 23, 2020
The international oilfield services firm, headquartered in Houston (Texas, US), will sell its North America fracking business (OneStim) to rival Liberty Oilfield Services Inc.
September 16, 2020
Alejandro Monteiro, energy minister of Neuquen province, which is home to Argentina's Vaca Muerta shale play, said it will take 12-18 months for the play to return to pre-COVID oil and gas production levels.
September 09, 2020
From the lows seen in May, oil and gas output from major US shale plays continues to rebound as producers bring shut-in production back online amid improving oil and gas demand and prices.
September 02, 2020
After WTI prices fell to negative territory in April, producers in the Permian basin took offline around 550K b/d of crude production in May and 350K b/d in June.
August 26, 2020
Amid the ongoing oil price and demand rout caused by the COVID-19 pandemic, the South American nation is taking steps to revive activity in its Vaca Muerta shale play.
August 19, 2020
Associated gas production from the Permian Basin shale play was on the rise due to increasing drilling activity in the play.
August 12, 2020
