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(Reuters) – Activist investment firm Kimmeridge Energy Management has taken a stake in U.S. shale producer Devon Energy, according to a stock market filing released on Friday. THE DETAILS Kimmeridge owned 5.66 million shares in Devon as of the end of September, the filing said. That would equate to an approximately 0.9% stake in Devon, …
Activist Investor Kimmeridge Takes Stake in US Energy Producer Devon Read More »
Oil and gas producer Occidental Petroleum said on Tuesday it expects flat production growth in 2026 and spending to fall below current-year levels, as crude prices slide. U.S. shale producers are weathering a global oil slump, with prices hovering in the low $60-per-barrel range, pressured by OPEC+ output hikes and slowing global demand. Benchmark Brent …
Occidental Petroleum Forecasts Flat Production, Lower Spending in 2026 Read More »
By David Wethe and Kevin Crowley A pumpjack and drill rig over an oil well in the Permian Basin near Midland, Texas. Photographer: Daniel Acker/Bloomberg US shale companies are forging ahead with their production plans, adapting to $60 oil prices while grinding out small increases and setting up the industry to add to next year’s …
Shale Operators Defy $60 Oil to Keep Increasing Production Read More »
By Anthony Di Paola and Joumanna Bercetche The United Arab Emirates, long one of OPEC’s key oil producers, is pivoting to US-tested fracking techniques to tap its “very promising” unconventional gas resources, with the intention of ramping up output amid forecasts for surging demand. Abu Dhabi National Oil Co. is tapping new sources of natural …
UAE Oil Giant Leans on US Expertise for ‘Promising’ Shale Pivot Read More »
Oil companies in the Permian Basin are exploring desalination to recycle fracking wastewater for agricultural use. By David Wethe In the heart of North America’s most prolific oil field, West Texas is suffering from a water imbalance: Crude producers have too much while drought-hit farmers can’t get enough. Oil wells across the Permian Basin, which …
Parched Texas Ranches Offer a Solution to Shale’s Water Woes Read More »
Private investment firm Raisa Energy is selling a package of oil and gas wells across numerous U.S. shale basins that may fetch around $1.5 billion, people familiar with the matter said. The sale, which is in its early stages, is not guaranteed and the final price could fluctuate depending on market conditions and other factors, …
Raisa Energy Puts $1.5 Billion of US Oil and Gas Assets up for Sale, Sources Say Read More »
June 16 (Reuters) – Mitsubishi Corp (8058.T) is in talks to acquire the U.S. shale production and pipeline assets of Aethon Energy Management for roughly $8 billion, a person familiar with the matter said on Monday. The deal, should it be struck, would give the Japanese conglomerate a substantial natural gas operation adjacent to the …
Mitsubishi Corp in Talks for $8 Billion US Shale Acquisition, Source Says Read More »
U.S. shale oil output will flatten out if prices remain where they are now and will start to decline with prices in the $50s per barrel, the CEO of ConocoPhillips said on Tuesday in the latest prediction that oil’s slump could curb U.S. supply. The comments from Conoco CEO Ryan Lance come as forecasters including …
US Shale to Plateau if Oil Stays in Current Range, ConocoPhillips CEO Says Read More »
Drillers are ramping up consolidation as the new administration changes US policy toward fossil fuels. By David Wethe Welcome to our guide to the commodities powering the economy. Today, reporter David Wethe examines how the shale industry is responding to the Trump administration’s enthusiasm for fossil fuels. Appetite for deals in the US shale patch …
Shale Revives Deal-Making Agenda After Trump Changes Course Read More »
Deal still needs the approval of Neuquen Province, person says Exxon is exiting Vaca Muerta shale patch to focus elsewhere Exxon Mobil Corp. has agreed to sell most of its assets in Argentina’s Vaca Muerta shale patch to Pluspetrol SA, according to people familiar with the matter. The province of Neuquen, where the assets are located, has …
Exxon Agrees to Sell Argentina Shale Oil Assets to Pluspetrol Read More »
