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Other Stories of Interest: Wed, Aug 4, 2021 | Marcellus Drilling News

Other Stories of Interest: Wed, Aug 4, 2021 | Marcellus Drilling News
marcellusdrilling.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marcellusdrilling.com Daily Mail and Mail on Sunday newspapers.

Pioneer Natural Resources Warns of Tepid Shale Growth in Coming Years

Liz Hampton, Reuters Your browser does not support the audio element. Pioneer Natural Resources Co.’s top executive said on Aug. 3 that U.S. shale growth was “not going to grow that much” in the coming years as oil and gas companies continue to focus on capital discipline and shareholder returns. Pioneer CEO Scott Sheffield anticipates output in the Permian Basin to grow roughly 5% in line with his own company’s planned production increases over the coming years, while other basins will be flat or face declines, he said during a second-quarter conference call. Irving, Texas-based Pioneer is the largest producer in the Permian Basin. It grew its holdings there with the acquisitions of Double Point Energy and Parsley Energy this year.

Other Stories of Interest: Tue, Aug 3, 2021 | Marcellus Drilling News

Other Stories of Interest: Tue, Aug 3, 2021 | Marcellus Drilling News
marcellusdrilling.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marcellusdrilling.com Daily Mail and Mail on Sunday newspapers.

Oil, Gas, And Fracking News Reads: 06March 2021

Here are some selected news articles from the week ended 06 March 2021. Part 2 is available here. This is a feature at Global Economic Intersection every Monday evening or Tuesday morning. Please share this article - Go to very top of page, right hand side, for social media buttons. Fuel supplies drop most on record as US oil refining collapses, leading to largest ever jump in oil supplies Refinery utilization at an all time low, 10% lower than it s ever been; oil refined is least on record; record jump in oil inventories, record drop in gasoline inventories; distillates production at a 26 year low, distillates inventories drop most in 18 years; largest jump in oil imports in 39 weeks.

Financial News Media | The World s Next Great Onshore Oil Discovery Could Be Here

Enterprise Products Partners L.P. (NYSE: EPD).   It’s exciting for two reasons. First, there’s no more potentially lucrative risk-reward setup than a small-cap sitting on a high-risk exploration play. Plays like this that succeeded have netted some investors 1,000-4,000% gains in the past. And this play is in Africa, where we’ve seen it happen before:   Tanganyaika Oil netted investors up to 4,000% gains Centurion Energy International netted investors over 1,200% gains.   And those gains were for plays that might in the end pale in comparison to the potential of RECO’s 8.5-million-acre Kavango basin in Namibia and Botswana. RECO’s land package is far bigger and far more consequential, with well-known geoscientists in the industry backing what they think could end up being 120 billion barrels of oil in place.

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