Shale Oil

US oil major’s recent acquisition of Hess Corporation in an all-stock transaction valued at $53B is poised to breathe new life into oil production in the Bakken shale play, according to analysts briefed by Reuters.

In Aug.  US crude oil production soared to an all-time high, hitting 13.05MM b/d, even as the number of rotary US oil rigs declined

Reports earlier in Oct. indicated that the two companies were in advanced discussions regarding ExxonMobil (XOM)'s potential purchase of Pioneer Natural Resources, and a definitive agreement was announced on Oct. 11.

The US energy giant is currently in advanced discussions regarding a potential acquisition of Pioneer, a deal that could carry a price tag of up to $60B.

Argentina's second-largest shale oil producer has ambitious plans to boost its daily production by 25% by 2026, targeting an output of 100K boe/d.

Shale oil production in the US is poised for a third consecutive monthly decline, with output expected to drop to 9.39 MM b/d in September.

Despite a decline in active drilling rigs, the US shale industry is achieving increased oil and gas production, surpassing earlier projections.

South American oil producer is experiencing a profound energy shift, with the Vaca Muerta shale formation at its core.

Amid prevailing concerns over the US shale sector's future, recent developments offer a nuanced perspective.

As summer's scorching grip tightens and Labor Day nears, the rise in gasoline prices is casting a shadow over plans for beach trips, barbecues, and back-to-school shopping.