Shale Oil

Both US energy majors have defied market expectations by surpassing earnings forecasts, with a notable contribution from larger-than-anticipated oil output from shale fields.

US energy major has announced its decision to sell its natural gas business in Canada's Duvernay Shale, a strategic move aligning with its global operational streamlining efforts.

Freezing temperatures and an Arctic blast have paralyzed the state’s oil and gas production, causing a significant decline in output.

US shale plays Bakken production region of North Dakota, crude oil reigns supreme.

The Chinese state-owned firm has announced the certification of further deep tight-gas reserves in the Sichuan Basin, signifying a significant development in the region's energy landscape.

Vaca Muerta (“Dead Cow” in Spanish), a prominent oil shale region in Argentina's Neuquen basin, concluded 2023 with a historic achievement, witnessing a record-breaking 14,722 fracture stages completed by operating companies.

Three themes are expected in the US shale business: better-than-expected growth, the M&A spree is not over, and gas output in the Permian to keep rising.

In 2023, the Permian Basin has witnessed an unprecedented surge in mergers and acquisitions, surpassing a historic $100B in total value.

A major US independent producer is engaged in discussions to acquire CrownRock, a prominent oil and gas producer in the Permian Basin, marking a significant development in the consolidation trend within the shale industry.

After the significant mergers of ExxonMobil with Pioneer Natural Resources and Chevron with Hess, attention has shifted to potential takeover targets in the US shale sector.