Shale Oil

Argentinian energy major has completed the initial phase of its unconventional Vaca Muerta exploration project in Mendoza province.

The Bakken and Permian basins, two stalwarts of US shale production, face divergent paths amid evolving industry dynamics and strategic maneuvers.

State-owned Yacimientos Petrolíferos Fiscales (YPF) commenced construction on the first 130 km of the planned 600-km Vaca Muerta Sur oil pipeline in Argentina.

American shale production is set to reach a six-month high in June, hitting 9.85MM b/d, as reported by the Energy Information Administration (EIA).

Over the past decade, the Permian Basin has been a linchpin of US hydrocarbon production growth.

Despite enduring extended periods of negative natural gas prices at the Waha hub, Permian Basin producers remain resolute.

US shale production has notably transformed the country's position in the global oil market, transitioning from a major importer to the world's leading producer.

In a notable transaction within the energy sector, US NG major EQT Corporation has agreed to sell a 40% interest in its non-operated natural gas assets located in the Northern Marcellus shale formation of Northeastern Pennsylvania to Equinor USA, a subsidiary of Norwegian state energy firm Equinor.

Oklo is poised to revolutionize energy provision in the Permian Basin through its innovative micro-reactor technology.

Alberta is witnessing a significant uptick in oil and gas land sales, reflecting growing investor confidence as new pipelines prepare to come online.