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Occidental Reports Lower Realized Oil Prices Even as Iran Conflict Drives Up Crude Rates

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, Shale, US News / By

(Reuters) – Shale producer Occidental Petroleum said on Friday its worldwide average realized oil prices fell about 1.6% year-on-year in the first quarter, despite higher benchmark crude rates amid Middle East-related energy market disruption. The U.S.-Israel war on Iran has caused a massive disruption of energy supplies as the Strait of Hormuz, a conduit for …

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U.S. Shale Drillers Seen Lifting Crude Output on Hormuz-Driven Price Rally

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, Oil, Shale, US News / By

It may take months to begin to see the uptick in production from shale fields in places like the Permian Basin By David Wethe and Kevin Crowley United States shale drillers are expected to follow President Donald Trump’s call for higher oil production — but not just because he said so. The 68 per cent …

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Private Firms Spearhead Global Shale Push as US Public Operators Stay Home

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Shale, US News / By

(Reuters) – Private energy companies and their backers are emerging as leaders in the next phase of global shale development, taking early positions in overseas basins while publicly listed U.S. producers focus on capital discipline and their core domestic acreage. The pattern echoes the early years of the U.S. shale revolution, when independent wildcatters took …

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Iran War Spurs a Surge in Stock Sales From US Shale Companies

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, Oil, Shale, US News / By

By Anthony Hughes Oil drilling rigs near Stanton, Texas. Photographer: Justin Hamel/Bloomberg Stock sales by US-listed oil and gas producers are making March the sector’s busiest month in more than six years as the war in Iran whips up volatility and stalls capital-raising activity from other corners of the market. With West Texas Intermediate crude …

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Slowing US Shale Growth Has Fracking Companies Finding New Markets Abroad

Conventional Energy, Energy Topics & Technology, Fracking, Latest, Natural Gas, Oil, Shale, US News / By

By Emma Sanchez A Tenaris frack set in the Vaca Muerta formation in Argentina, one of the world’s largest shale gas reservoirs. Source: Tenaris US fracking companies are increasingly sending their idle equipment overseas, finding new markets abroad as growth slows in the shale fields of Texas, New Mexico and elsewhere. Over the past two …

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US Oil Production, Demand Fell to Multi-Month Lows in November, EIA Data Shows

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U.S. oil production fell in November to the lowest since July, while oil demand fell to the lowest since April, data from the Energy Information Administration showed on Friday. Crude oil output fell to 13.78 million bpd in November, down about 82,000 from October’s record high 13.86 million bpd, the EIA data showed. That is …

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US Shale Production Could Fall by 400,000 Barrels Per Day if Prices Dip to $40 a Barrel, Analyst Says

Conventional Energy, Energy Topics & Technology, Latest, Oil, Shale, US News / By

(Reuters) – U.S. shale production could fall by as much as 400,000 barrels of oil per day in 2026 if OPEC countries try to increase market share and oil prices fall to as low as $40 a barrel, according to Rystad Energy CEO Jarand Rystad. U.S. shale production could remain flat if prices stay close …

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EOG Resources Says Venezuela Oversupply is Driving Shale Prices Down

Conventional Energy, Energy Topics & Technology, Latest, Oil, Shale, US News / By

(Reuters) – EOG Resources said on Wednesday that oversupply from Venezuela is driving oil prices down and it would last for several more quarters. Brent crude futures were down about 0.6% at $60.30 a barrel in the day, while U.S. West Texas Intermediate crude lost about 1% to $56.53 a barrel. Prices fell as investors …

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Why Canada’s Hottest Shale Play is Catching the Eye of US Producers

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Pinned Primary, Shale / By

Summary US firms eye Canada’s Montney due to depleted US shale prospects Montney offers room to grow with comparatively untapped geology Rising interest in Canada’s oilpatch comes after a decade of reduced foreign investment (Reuters) – U.S. oil and gas producers in search of fresh drilling territory are looking to expand in Western Canada’s Montney …

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Argentina Notches First LNG Sales Deal as Shale Patch Booms

Conventional Energy, Energy Topics & Technology, Latest, LNG, Shale, US News / By

By Elena Mazneva and Jonathan Gilbert Argentina has secured its first agreement for long-term sales of liquefied natural gas, a key step in its bid to become a global supplier of the fuel as drilling ramps up in its Vaca Muerta shale patch. A consortium of natural gas producers led by Pan American Energy Group, …

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