TOPSHOT – Russian President Vladimir Putin is seen on a screen set at Red Square as he addresses a … [+] rally and a concert marking the annexation of four regions of Ukraine Russian troop...
Tag: shale
Oil Sector Dealmaking Heats Up
Investment in oil and gas companies listed on the S&P 500 increased by more than 26% this past year, … [+] even as the index tumbled by 5% overall. getty Reports of the shine going off the o...
U.S. Shale Boom Shows Signs of Peaking as Big Oil Wells Disappear
HOUSTON—The boom in oil production that over the last decade made the U.S. the world’s largest producer is waning, suggesting the era of shale growth is nearing its peak. Frackers are hitting fewer bi...
Oil And Gas Industry Mergers Dropped 13% During 2022
Aerial view of Natural Gas Well being drilled in northwestern West Virginia in the Marcellus Shale … [+] Formation photograph taken August 2020 getty In its annual report detailing activity arou...
Analysts Remain Bullish On Oil Prices Despite Looming Headwinds
BEIJING, CHINA – DECEMBER 09: Medical workers wear PPE as they arrive with a patient on a stretcher … [+] at a fever clinic on December 9, 2022 in Beijing, China. In a major shift in the c...
Quantum Private Equity Scores Again, With Rumored $4.6B Sale Of U.S. Shale Gas Reserves To Japan
Drilling for gas in the Marcellus shale. AFP via Getty Images New year, new deals for $19 billion private equity shop Quantum Energy Partners and CEO Wil VanLoh. Last month Quantum portfolio company T...
Shale Oil Powerhouse Sues Its Own Investors After 4,000% Stock Surge
(Bloomberg) — One of the biggest landowners in Texas oil country doubled returns to investors in 2022. It’s starting the new year by suing some of them as a dispute over the future direction of ...
Oil Wells Creeping Into Texas Cities Herald Shale Era’s Twilight
(Bloomberg) — Each morning when Michael Quinn pulls into the parking lot of the luxury apartment complex he manages in West Texas and looks across the street, an unsightly vision blots the horiz...
The Productivity Decline In Shale Oil Basins Is Illusory
One of the major uncertainties about next year’s oil market centers on the trend in U.S. shale oil production. Because shale drilling is highly responsive to prices and wells decline sharply, producti...
The U.S. Shale Boom Is Officially Over
The days of explosive growth in U.S. shale oil production are over. American oil production is rising, but at a much slower pace than it did before the 2020 crash, and at lower rates than expected a f...
Is The Eagle Ford Shale Play Getting A Second Wind?
Over the last year, the Eagle Ford Shale play has seen a lot of renewed interest in investment as well as M&A activity. Just this November, Marathon Oil Company, (NYSE:MRO) announced in their quar...
M&A Boom May Not Lead To Drilling Spree In U.S Shale
The last two energy crises that threatened hundreds of energy companies with bankruptcy have rewritten the oil and gas M&A playbook. Previously, oil and gas companies made numerous aggressive tact...
Permian Basin Fuels New Texas Oil Boom, Lifting Shale Oil Stocks Near Buy Points
The new Texas oil boom is here, powered by shale deposits in the Permian Basin. The region’s oil stocks are well-represented inside the IBD 50, with Matador Resources (MTDR), Diamondback Energy ...
Potential Of Peak Shale Puts Oil Market On Edge
ODESSA, TEXAS: An oil pumpjack setup pulls oil from the Permian Basin oil field on March 13, 2022 in … [+] Odessa, Texas. United States President Joe Biden imposed a ban on Russian oil, the worl...
Shale Mogul Daniel Rice, 41, to Reap $975 Million From BP Deal
(Bloomberg) — A young US natural gas mogul may be taking home nearly $1 billion after a deal with oil giant BP Plc. Most Read from Bloomberg Daniel Rice stands to receive about $975 million in c...
Shale Titan Hamm Ups Continental Offer in Bid for ‘Freedom’
(Bloomberg) — Billionaire wildcatter Harold Hamm boosted his offer for the Continental Resources Inc. stock his family doesn’t already own to $4.3 billion as he seeks “freedom to invest” and buc...
Why U.S. Shale Producers Aren’t Riding To The Rescue Despite Tight Oil Supplies
In an aerial view of oil pumpjacks at work in the Permian Basin oil field in Crane, Texas. A … [+] tightening global ban on Russian oil and other geopolitical realities may mean that oil produce...
Billion Dollar Deals Break Out Across The Shale Patch
construction and work trucks driving on road into Midland Texas getty Just when it appeared the news in the energy world could not become any more hectic, two multi-billion dollar merger deals among b...
US Shale Could Erase Debt by 2024, Freeing Up Cash for Gas Pivot
(Bloomberg) — US shale producers are on course to make nearly $200 billion this year, enough to make the industry debt-free by 2024 and potentially fund a pivot toward more natural gas productio...
U.S. Shale Faces More Than $10 Billion In Hedging Losses
U.S. shale oil producers are in line to suffer more than $10 billion in derivative hedging losses this year if oil prices remain around $100 per barrel, Rystad Energy research shows. Many shale operat...
Evolving Oil And Gas Shale Boom Appears Poised For M&A Surge
Oil Pump Unit Pumping in the Eagle Ford in South Texas getty “Scale equals relevance” is a prevailing theme in the U.S. oil and gas shale world currently, and Devon EnergyDVN gained scale in the Eagle...
Shale Drillers Warn of Higher Costs as They Report Record Profits
Shale companies are reporting banner profits but are warning that inflation in the oil patch is leading them to increase their spending. Oil prices hovering around $110 a barrel in the second quarter ...
Shale Oil Producer Stocks Drop: Devon, Diamondback Beat Estimates
Shale producers Devon Energy (DVN) and Diamondback Energy (FANG) beat earnings predictions Monday, after both companies booked losses during market trading. The stocks continued to drop in extended tr...
Shale Profits Finally Blossoming After Decade of Steep Losses
(Bloomberg) — US shale drillers are expected to post record second-quarter profits in coming days, reversing nearly a decade of debt-fueled losses. Most Read from Bloomberg The top 28 publicly t...
America’s New Energy Crisis – WSJ
America is wrestling with the worst energy crisis in nearly five decades, a period of high prices and limited supply. What makes this crisis different than the troubles that roiled the country in the ...
U.S. Shale Drillers Begin Re-Fracking Existing Wells
Oil well re-fracking is on the rise in the United States as shale producers seek to boost production without making significant investments in new wells, Reuters has reported. Re-fracking appears to b...
Proppant Movement In Frac Casing Has Been Nailed Down, But How Important Is It Really For Shale Wells?
Pumping water mixed with sand in a fracking operation, for Anadarko in Franktown, Colorado. Denver Post via Getty Images Proppant consists of sand-sized particles injected with frac fluid during a fra...
The Energy Crisis Has Been A Boon For Argentina’s Dead Cow Shale Patch
The U.S., UK, and European Union’s ban on Russian oil imports sparked by President Vladimir Putin’s invasion of Ukraine has sent global energy prices soaring. The international Brent benchmark h...
Why U.S. Shale Firms Aren’t Likely To Change Their Growth Plans
With Brent crude at $120 per barrel and WTI close behind it, the fundamentals picture of crude oil globally is not a sight of comfort. It is a sight of worry. Many relied on the U.S. shale patch to al...
Another Pure Permian Mini-Major Rises In Centennial, Colgate Merger
ANDREWS, TX – An oil pumpjack works at dawn in the Permian Basin oil field on January 20, 2016 in … [+] the oil town of Andrews, Texas. (Photo by Spencer Platt/Getty Images) 2016 Getty Ima...