Shale Oil

Saudi Arabian major producer has achieved a significant milestone by initiating unconventional tight gas production from its South Ghawar operational area in the country, surpassing expectations with production starting two months ahead of schedule.

Recent estimates from the Energy Information Administration (EIA) indicate a surprising surge in oil production in the Permian Basin, despite previous forecasts of declines.

Recent reports indicate that alternative indicators in the U.S. shale sector continue to exhibit resilience, countering a decline in the overall rig count.

US energy major's head of crude supply and trading, Patti Leigh, recently addressed the Argus European Crude Conference, shedding light on the natural progression of consolidation in the U.S. Permian basin.

US energy major has launched a tender for a $75MM project to construct a pipeline in Argentina, specifically targeting the Vaca Muerta shale play.

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.