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Top News In Shale Boom Today - Breaking & Trending Today

Occidental Petroleum cuts two Permian rigs as it targets flat shale production

Capital investment in shale and exploration will be trimmed by $320 million, and two rigs in the Permian will be idled this year, the Houston-based company said Wednesday. Spending will increase in the Gulf of Mexico, chemicals and the enhanced oil recovery business. ....

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U.S. shale production to grow at "slower pace" in March 2024

Combined crude production from the seven U.S. shale basins is forecast to rise to 9.72 MMbpd next month, up 0.2% from February, the U.S. Energy Information Administration said in a report Monday. ....

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U.S. Merger Boom Could Slow Shale Production Growth

Some private oil producers in the Permian will hit the brakes on output growth as they have been acquired by large publicly-traded companies ....

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Shale producer Devon Energy in bid to acquire Enerplus

Such a combination would continue the dealmaking spree seen in the North American oil patch in recent months, which has included many of Devon s rivals including Exxon Mobil, Chevron, and Occidental Petroleum making major acquisitions. ....

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ExxonMobil, Chevron Post Strong Profits Despite California Hits

US oil majors ExxonMobil and Chevron posted robust profits that beat analyst expectations in 2023 despite challenges both faced in their California operations. ....

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