All major U.S. oil- and gas-producing regions, including the Permian Basin, saw declines.
CNPC said it aims to produce 1 million tonnes of oil annually by 2025 from the Gulong shale oil formations at Daqing in northeast China's Heilongjiang province.
Synergies from acquisitions and mergers are expected to pay off for some U.S. shale producers while concerns over inflation grows.
Experts in emissions detection, water management and sand logistics share insight about the next potential leading-edge technology in U.S. shale.
As public E&Ps stay disciplined and privates take an ‘aggressive approach’ across the U.S. shale patch, analysts see continued efficiency gains and rising costs from oilfield service companies.
U.S. oil producer Hess Corp. said on July 28 it planned to add a rig in North Dakota's Bakken basin in September, after topping estimates for second-quarter profit on a rebound in crude prices.
ConocoPhillips continues to find ways to improve through the use of refracs, simul-fracs and other technologies, says Jack Harper, former Concho exec now leading Conoco’s Permian Basin team.
Halliburton Co. on July 20 reported a 33.5% jump in second-quarter profit from the previous three months, as a rebound in crude prices from pandemic lows buoyed demand for oilfield services.
A new methodology has been designed to provide detailed drainage and production definition without operational interference.
Lonestar Resources is currently on track to deliver production and financial results at the high end of its guidance for the second quarter, says Frank D. Bracken III, CEO of the Eagle Ford Shale producer set to be acquired by Penn Virginia.