The steep oil price drop in the spring caused a big dip in production, but the industry is back to more normal levels. North Dakota’s oil output soared 14% in August as more wells shut down earlier in the spring because of the coronavirus crisis came back online. “It is nice to note that we […]Read More North Dakota oil production swells as wells go back online | Star Tribune
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.
Today is the day! Day 1! The DUG Permian Basin and DUG Eagle Ford Virtual Conference is live at 9 a.m. CDT today! Complimentary Access! Please share this link with your team, customers & colleagues because all sessions are available on-demand, meaning they are available to watch at your convenience! Hear from operators & analysts […]Read More DUG Permian Basin and DUG Eagle Ford Virtual Conference is LIVE! | Hart Energy
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
HOUSTON (Reuters) – More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in West Texas and New Mexico, the group said on Sunday. Chevron, EOG Resources, Exxon Mobil and Royal Dutch Shell are among 17 […]Read More Exclusive: U.S. shale firms offer $100 million to aid Texas, New Mexico | Reuters
Some of the biggest pipeline operators in the United States have supercharged earnings this year by buying deeply discounted shale in West Texas oilfields and selling it at a premium at Gulf Coast ports. — Read on http://www.reuters.com/article/usa-crude-pipelines/u-s-pipeline-operators-reap-hefty-profits-from-bottlenecks-in-texas-idUSL2N1XI2E3Read More U.S. pipeline operators reap hefty profits from bottlenecks in Texas | 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
A new report says U.S. shale oil and gas will continue to drive supply growth through at least 2021, though some signs point to the limits of shale resources. The report by Goldman Sachs says U.S. shale resources are expected to continue to grow by 1 million barrels a day through 2021, which would put […]Read More Goldman Sachs: Shale will drive global oil growth through 2021 – Houston Chronicle
Texans For Natural Gas | September 25, 2018 For nearly a decade, anti-fracking groups have tried to link methane in North Texas groundwater supplies to Barnett Shale development. But a new peer-reviewed study has effectively debunked that claim. Researchers at the University of Texas at Austin and the University of Michigan recently published their fifth and final study as […]Read More Study: Methane in North Texas Groundwater Is Unrelated to Fracking – Texans for Natural Gas
The American oil industry is in the best condition it has been in decades. Shale drilling has unlocked billions of barrels of oil across the Lower 48, and companies are getting good enough at extracting it that many can pull it out of the ground for less than $50 a barrel compared with upwards of […]Read More U.S. Oil Producers Are “Missing Out” on $100 Million a Day in Revenue