Shale Oil

Global energy company TotalEnergies announced its expansion in the US shale sector with an upstream acquisition in the Eagle Ford of South Texas, disclosed by chairman and CEO Patrick Pouyanné during CERAWeek by S&P Global.

China Petroleum & Chemical Corporation (Sinopec), one of China's major state-owned oil and gas giants, is calling for increased government backing for the country's shale oil projects.

Argentina's major state-run oil and gas producer, YPF SA, has announced plans for a comprehensive divestment of aging oil fields, aiming to generate approximately $800MM in capital expenditure

The US energy major is reportedly considering the sale of its Vaca Muerta shale assets in Patagonia, Argentina, valued at around $1B.

In the realm of global energy consolidation, the stage is currently illuminated by a remarkable performance— the US shale plays are headlining a merger and acquisition (M&A) extravaganza, marking the most substantial first-quarter value since 2017.

Rystad Energy's projections indicate that ExxonMobil and Pioneer Natural Resources, post-merger, are anticipated to lead the Permian in total net production for 2024, with a forecast of nearly 1.4MM boe/d.

Athabasca and Cenovus have established a joint venture to target the Kaybob Duvernay shale play in Alberta, Canada.

Over the last decade, the US has achieved the remarkable feat of becoming the world's leading producer of crude oil, surpassing longstanding leaders Saudi Arabia and Russia.

The shale plays are currently experiencing a surge in merger and acquisition activity. What implications does this frenzy hold for the future of US oil production?

Yacimientos Petrolíferos Fiscales (YPF), Argentina's largest oil and gas operator, has revealed a comprehensive four-phase strategy centered on the Vaca Muerta shale formation, aiming to quadruple the company's value in the coming years.