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US Shale Oil Output To Rise To Record 8.8 MMbbl/d In October: EIA

2019-09-16 23:36:06| OGI

U.S. oil output from seven major shale formations is expected to rise by 74,000 barrels per day (bbl/d) in October to a record high 8.843 million bpd (MMbbl/d), the U.S. Energy Information Administration (EIA) said in its monthly drilling productivity report on Sept. 16.

Tags: october record oil output

 

ConocoPhillips, Private Equity See Shale Growth Opportunities

2019-09-13 18:33:52| OGI

Technology could help unlock more barrels from shale plays, as it has in the past, but comfort levels pose challenges amid tough market conditions.

Tags: private growth opportunities equity

 
 

US Shale To Lift Oil Output Ahead Of Government Forecasts

2019-09-12 23:09:34| OGI

The consultancy expects U.S. oil and condensate production to hit 12.9 MMbbl/d in December and 14 MMbbl/d by year-end 2020.

Tags: government oil output ahead

 

US Shale Firms Cut Budgets, Staff As Oil Price Outlook Dims

2019-09-06 15:30:29| OGI

The slowdown in drilling is spurring cost-cutting in oilfield services, including staff cuts and restructurings at top firms Schlumberger and Halliburton Co.

Tags: price staff cut oil

 

Chevron Shale Exec: Were Always Looking To Transact

2019-09-04 21:46:32| OGI

The major is still open to asset transactions as it continues to optimize and grow production in the Permian Basin.

Tags: to exec chevron transact

 

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