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Hart Energy
Hart Energy Unconventional Activity Tracker (Week of July 12, 2021)
U.S. energy firms added oil and natural gas rigs for a second week in a row as oil prices recently rose to their highest since October 2018.
Analysts Say Boosting US Shale Output Unlikely with OPEC+ Inaction
U.S. crude oil output is forecast to rise to 11.51 MMbbl/d this month, then drop to 11.41 MMbbl/d in October before rising into 2022.
Despite Oil High Price, US Shale Firms Hesitate to Pump, Hedge More
Just 12 of 40 operators with 2021 oil hedges had an average hedge price above $50 per barrel, according to the Wood Mackenzie.
Hart Energy Unconventional Activity Tracker (Week of July 5, 2021)
The increase in oil and gas rigs during the second quarter was led by the Anadarko, Permian and Williston basins.
Vista Oil & Gas, Trafigura Strike $25 Million Vaca Muerta Shale Deal
Under terms of the JV agreement, Vista Oil & Gas and Trafigura will jointly develop initially five pads of four wells each in Bajada del Palo Oeste, which is Vista’s main shale oil development in Vaca Muerta.
US Shale to Deliver ‘Super-profits’ on Projected Record Cash Flow
U.S. shale producers are projected by Rystad to generate an all-time-high in free cash flow in 2021 driven by the “turnaround in the U.S. tight oil industry.”
Hart Energy Unconventional Activity Tracker (Week of June 28, 2021)
The most significant week-over-week change to the U.S. rig count occurred in the Anadarko Basin with the addition of nine rigs bringing the basin’s total to 41, according to Enverus.
US Shale Industry Tempers Output Even as Oil Price Jumps
Even with oil prices surging toward $75 a barrel, U.S. shale producers are keeping their pledges to hold the line on spending and keep output flat, a departure from previous boom cycles.
Private Producers Driving Activity Surge in US Shale
Private producers accounted for nearly half of the nation’s horizontal rig count in May, according to analysis of U.S. shale activity by Rystad Energy.
Australian Shale Play Tamboran to Debut, Defying Green Energy Push
Shale gas explorer Tamboran Resources is set to debut on the Australian bourse on June 30 in the country's biggest oil and gas float in a decade, pitching itself as a growth story despite the world's push toward greener energy.