Shale Oil

US shale producers could increase production even at $50/b, driven by continuous innovation and efficiency gains, according to US Secretary of Energy Chris Wright.

Argentina's President Javier Milei's austerity measures are showing promising results, with inflation decreasing and economic growth returning, attracting foreign investors to the Vaca Muerta shale.

Argentina’s oil production is set to grow significantly as new pipeline capacity comes online, enabling increased output from the Vaca Muerta shale play.

The US energy major has revealed that it will reduce its capital expenditure (capex) for its operations in the Permian Basin in 2025, as part of a broader strategy to prioritize free cash flow over production growth.

n the US, pipeline constraints have driven a significant price gap between West Texas crude from the Permian Basin and the Houston export hub.

Argentina's state-owned YPF posted a substantial boost in shale oil production in the third quarter, with unconventional crude output jumping 36% to 126K b/d compared to last year.

US energy major has finalized the sale of its assets in Argentina's Vaca Muerta shale play to Pluspetrol for approximately $1.7B.

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.