The Permian Basin led the U.S. among shale deposits with 312 oil and gas drilling rigs, after dropping two in the last week, Baker Hughes reported May 17. The Eagle Ford had the second-highest rig ...

In a story from Tsvetana Paraskova in Oilprice.com titled “U.S. Energy Secretary: Shale Could Boost Production Even at $50 ...

U.S. Energy Secretary Chris Wright recently said that the shale industry in the country could keep pumping more oil even if the price of crude fell to $50 per barrel. M&A has helped to prepare oil ...

Giants like Chevron are increasingly prioritizing efficiency over substantial capital investments or quantitative expansion ...

U.S. shale needs much higher oil prices than $50 per barrel, and even higher than the current WTI Crude price in the high ...

Crude futures rose to end a week of ups and downs inflicted by exchanges over tariffs as well as talks aimed at ending the ...

The company is currently drilling ahead with two drilling rigs on its 5th and 6th wells in the field. Cano currently plans to complete only the Barnett Shale formation in its previously announced ...

FREE TO READ] Chris Wright claims industry can raise output even if crude falls to $50 a barrel as administration has suggested ...