Permian basin drillers drive largest U.S. shale rig surge in nine months
World Oil Online » Shale
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1w ago
Drillers in the U.S. shale patch are again trying to rebound from slumping activity, this time expanding the oil rig count by the widest margin in nine months ..read more
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Argentina oil driller surges as new president looks to unlock “untapped” Vaca Muerta shale
World Oil Online » Shale
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1w ago
Argentina’s shale patch has vast untapped potential that has been limited by bottlenecks. In theory, President Javier Milei’s plans should improve YPF’s margins and attract foreign direct investment ..read more
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Falcon Oil & Gas begin stimulation activities in Australian shale basin
World Oil Online » Shale
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1w ago
The planned program, to be conducted by Condor Energy Service, includes 10 stimulation stages within the Amungee Member B-shale over a 500-meter horizontal section of SS1H ..read more
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Crescent Point expands Canadian shale presence with $1.5 billion Hammerhead acquisition
World Oil Online » Shale
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2w ago
The cash-and-stock acquisition will add about 800 drilling locations and an expected 56,000 boed of production in 2024, Calgary-based Crescent Point said Monday ..read more
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Oil production from Permian basin to expand through year’s end
World Oil Online » Shale
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2w ago
The more bullish forecast for Permian production marks a turnaround from last month’s report, which had originally shown output contracting during every month between August and November from the prolific basin ..read more
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WhiteHawk Energy to acquire Marcellus gas assets in $54 million deal
World Oil Online » Shale
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2w ago
(WO) — WhiteHawk Energy LLC has announced the acquisition of additional Marcellus Shale natural gas mineral and royalty assets for a total purchase price of $54 million ..read more
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ExxonMobil appoints new shale SVP on heels of Pioneer megadeal
World Oil Online » Shale
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1M ago
Exxon Mobil Corp. named Bart Cahir as Senior Vice President of its shale division, replacing David Scott, who was arrested in Texas earlier this month and accused of sexual assault ..read more
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Oil worker wages hit U.S record amidst slowing shale activity
World Oil Online » Shale
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1M ago
Average hourly earnings for front-line oil-and-gas workers rose 0.9% in September from the previous month to $43.63, according to a Labor Department report released Friday. Compared with a year ago, oil pay is up 5.7 ..read more
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Civitas Resources to buy Permian assets for roughly $2.1 billion
World Oil Online » Shale
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1M ago
Civitas Resources entered into an agreement with Vencer Energy, a Vitol investment, to acquire oil-producing assets in the Midland basin of West Texas for approximately $2.1 billion ..read more
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World Oil: ExxonMobil gives additional details on Pioneer purchase
World Oil Online » Shale
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1M ago
ExxonMobil officials, including Senior V.P. Neil Chapman, held a media briefing on Wednesday morning (Oct. 11), to further articulate it's acquisition of Pioneer Natural Resources. World Oil sat in on that discussion, which included the company’s drilling plans, shale outlook and midstream operations ..read more
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