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Shale Rushes to Lock In Oil Rally

Shale Rushes to Lock In Oil Rally
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Shale operators race to lock in hedges as OPEC pushes oil prices to multi-year highs

Shale operators race to lock in hedges as OPEC pushes oil prices to multi-year highs
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Exxon Mobil s Shale Output per Well in Permian Basin Slips

Exxon Mobil’s Shale Output per Well in Permian Basin Slips Exxon Mobil’s average liquids output over a well s first 12 months fell in its Delaware Basin holdings in New Mexico, according to IHS Markit data compiled by the Institute for Energy Economics and Financial Analysis. Jennifer Hiller, Reuters Your browser does not support the audio element. Exxon Mobil Corp.’s oil wells in part of a marquee U.S. shale field generated fewer barrels per well as it ramped up overall spending and production, according to a new report that looks at data from 2018-19. A $6.6 billion acquisition in 2017 of New Mexico acres doubled Exxon Mobil holdings in the Permian Basin that spans west Texas and New Mexico. The Permian’s New Mexico portion is among Exxon Mobil’s priorities with a goal to boost shale output to 700,000 bbl/d by 2025.

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UPDATE 1-Exxon s shale output per well slips as total production rises -report

UPDATE 1-Exxon s shale output per well slips as total production rises -report Reuters 1 hr ago Shale acreage doubled with plan to sharply increase oil output (Adds Exxon comment) By Jennifer Hiller HOUSTON, June 9 (Reuters) - Exxon Mobil Corp s oil wells in part of a marquee U.S. shale field generated fewer barrels per well as it ramped up overall spending and production, according to a new report that looks at data from 2018-2019. A $6.6 billion acquisition in 2017 of New Mexico acres doubled Exxon holdings in the Permian Basin that spans west Texas and New Mexico. The Permian s New Mexico portion is among Exxon s priorities with a goal to boost shale output to 700,000 bpd by 2025.

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Exxon s shale output per well slips as total production rises -report

EXXON MOBIL-SHALE/ (PIX):Exxon's shale output per well slips as total production rises -report

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