HOUSTON (Reuters) – A sustained rise in global oil prices has U.S. shale producers pondering something few expected to be considering after last year’s tumble: how to allocate rising cash flows among new production, dividends and stock buybacks. U.S. shale producers will generate about $73.6 billion in cash from operations this year, up nearly a […]Read More U.S. shale ponders the unexpected: what to do with coming cash windfall? | Reuters
Driving value from M&A in the shale revolution.
In March 2020, Deloitte developed this research report exploring the latest in shale oil news and shared a roadmap for extracting more value from shale mergers and acquisitions. We now expect that the plunge in oil prices and COVID-led demand uncertainty will likely pause and change the calculus of M&A activity in shales.
By Laila Kearney Sept 15 (Reuters) – North Dakota oil production jumped to more than 1 million barrels a day in July for the first time in two months but remained below its peak as the coronavirus pandemic continued to hamper output in the state’s Bakken shale field, a state official said on Tuesday. Crude […]Read More North Dakota oil output rose about 20% in July | Reuters
NEW YORK (Reuters) — A U.S. District Court on Monday ordered Energy Transfer LP to shut and empty the largest pipeline from the North Dakota shale oil fields within 30 days, in a big win for the Native American tribes who have fought the line’s route across a crucial water supply. Energy Transfer’s 570,000 barrel-per-day […]Read More U.S. Court Orders Dakota Access Pipeline Shut, Emptied | Pipeline & Gas Journal
A tussle is playing out in the market for so-called light oils, which have a lower sulfur content and are less dense than heavier varieties. When processed, these grades typically yield a higher amount of fuels like gasoline and naphtha. Light oil pumped in U.S. shale fields is increasingly making — Read on finance.yahoo.com/news/u-shale-apos-blows-leave-063738822.htmlRead More U.S. Shale’s Blows Leave Middle East Oil Producers Staggering
The United States could become a net exporter of petroleum in less than five years, the first time the country would achieve such a feat since at least 1949, according to a new report. The shift from importer to exporter is driven by the surge in U.S. oil production that has followed the unlocking of […]Read More U.S. could become net exporter of petroleum by 2022 – ExpressNews.com
If OPEC thought the 26 percent drop in oil prices since October might rein in U.S. shale production like the last sharp drop did four years ago, it might have to think again. U.S. shale firms are more profitable than ever after a strong third quarter, according to a Reuters analysis of results for 32 […]Read More U.S. shale surge boosts industry finances, puts deals in spotlight | Reuters
On Friday, Secretary of Energy and former Texas Governor Rick Perry traveled to San Antonio to participate in the Shale-a-Thon, the celebration of the 10th anniversary of the completion of the first successful horizontal oil well into the Eagle Ford Shale formation. That first well, drilled by Petrohawk Energy (later acquired by BHP Billiton), was announced on […]Read More Happy 10th Anniversary To The Eagle Ford Shale | Forbes
We will see you Nov. 6-7 at the Horseshoe Arena and Pavilion in Midland, Texas, for Hart Energy’ Executive Oil Conference. #EOC #oilcountrymedia #kristenoctgRead More #OilCountryMedia | Hart Energy’s annual Executive Oil Conference #EOC
R&D Pipe Company exhibits at The Roseland West Texas Oil & Gas Convention, October 17-18, 2017 at the Horseshoe Pavilion in Midland, Texas. #TalkTexasOilRead More Roseland #WTX Oil & Gas Convention with R&D Pipe Company