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Shale
Oil Field
Pioneer Natural Resources to Increase Return Targets for Oil Wells
U.S. shale oil producer Pioneer Natural Resources will reshuffle its drilling portfolio next year to target wells with potentially higher returns, a move to boo…
Oil Shale
Shale Firms Discount 'U.S. Put' as Inadequate to Lift Oil Output
U.S. shale oil executive Matt Gallagher this week took a poll on Twitter to gauge sentiment toward President Joe Biden's offer to stock the U.S. emergency oil r…
Oil Shale
Australia’s Origin Energy Quits Shale Gas Exploration
The logo of Australian energy company Origin is pictured in Melbourne, Australia, July 3, 2016. Picture taken July 3, 2016. REUTERS/Jason Reed/File Photo
Oil Shale
INEOS Renews UK Shale Gas Offer as Prime Minister Truss Lifts Fracking Ban
Energy company INEOS has renewed its offer to the UK government and new Prime Minister Liz Truss to drill a shale gas test well in the UK.
Oil Shale
Oil Output in Permian to Rise to Record High in September -EIA
Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 79,000 barrels per day (bpd) to a record 5.408 million bpd i…
Oil Shale
Shale Giant Chesapeake to Exit Oil as It Focuses on Natural Gas
Chesapeake will fully focus on key shale gas plays.
Oil Shale
Exxon, Imperial to Sell Canada Shale Assets to Whitecap for $1.5 Billion
U.S. oil major Exxon Mobil Corp and Imperial Oil Ltd said on Tuesday they will sell their Montney and Duvernay shale oil and gas assets in Canada to Whitecap Re…
LNG
Chesapeake Energy Aims to Expand Push Into LNG With Market Adviser
Shale gas producer Chesapeake Energy plans to hire a liquefied natural gas (LNG) adviser, according to a job listing, as it seeks to expand into the fast-growin…
Oil Shale
ExxonMobil to Sell Shale Assets in Texas to BKV for $750M
The Barnett Shale gas assets are part of ExxonMobil’s gas resources in North America that were removed from the company’s development plans in 2020.
Oil Price
U.S. Shale Swings From Losses to Record Cash Flows
U.S. shale focuses on returning capital to shareholders in 2022.
Oil Price
Why Shale May Not Stage a Comeback Despite Higher Oil Prices
Inflation, supply bottlenecks and a shortage of equipment and personnel have affected the exploration and production cycle.
Oil Shale
China's Major Shale Gas Field Records Output Growth in Q1
The Fuling shale gas field in southwest China's Chongqing Municipality produced over 1.8 billion cubic meters of natural gas in the first quarter of 2022, up 1.…
Oil & Gas Supply
US Shale Oil Production Growth Revised Downward, Natural Gas Outlook Rises: EIA
The US shale oil production forecast was revised downward in March by 116,000 b/d, although it is now expected to hit the previous March projection in April, th…
Oil Shale
US Shale Still Finding Footing amid Market Chaos
US shale players are not eager to significantly increase oil and natural gas production despite growing calls from the political set to boost supply in response…
Oil&Gas Drilling
Shale Drilling Climbs Most in Month as Biden Calls for More Oil
Shale explorers returned to growth mode this week, adding the most rigs in a month as the Biden administration calls on them to unleash more crude to offset a b…
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