Shale Oil

American shale production is set to reach a six-month high in June, hitting 9.85MM b/d, as reported by the Energy Information Administration (EIA).

Over the past decade, the Permian Basin has been a linchpin of US hydrocarbon production growth.

Despite enduring extended periods of negative natural gas prices at the Waha hub, Permian Basin producers remain resolute.

US shale production has notably transformed the country's position in the global oil market, transitioning from a major importer to the world's leading producer.

In a notable transaction within the energy sector, US NG major EQT Corporation has agreed to sell a 40% interest in its non-operated natural gas assets located in the Northern Marcellus shale formation of Northeastern Pennsylvania to Equinor USA, a subsidiary of Norwegian state energy firm Equinor.

Oklo is poised to revolutionize energy provision in the Permian Basin through its innovative micro-reactor technology.

Alberta is witnessing a significant uptick in oil and gas land sales, reflecting growing investor confidence as new pipelines prepare to come online.

Global energy company TotalEnergies announced its expansion in the US shale sector with an upstream acquisition in the Eagle Ford of South Texas, disclosed by chairman and CEO Patrick Pouyanné during CERAWeek by S&P Global.

China Petroleum & Chemical Corporation (Sinopec), one of China's major state-owned oil and gas giants, is calling for increased government backing for the country's shale oil projects.

Argentina's major state-run oil and gas producer, YPF SA, has announced plans for a comprehensive divestment of aging oil fields, aiming to generate approximately $800MM in capital expenditure