EOG Resources’ spending cuts will result in 80 fewer net completions and three fewer rigs, year-over-year, in the Eagle Ford ...

Expansion of oil production in the lower 48 US states is expected to be less than 150,000 barrels a day, as measured from the end of last year to the end of 2025, Rystad said Monday in a report.

U.S. shale drilling is slowing due to weaker oil prices and tariff-related cost uncertainties. Oil prices below $65 per barrel have led to a lower rig count, but fears of a major collapse may be ...

The crash in oil prices has pushed WTI below the profitable drilling level for US shale producers. Increased tariffs on China and recession fears are driving down oil demand and prices.

Falling oil prices won’t derail Argentina’s burgeoning shale boom unless they plunge below $45 a barrel, said the chief executive of the country’s top driller, state-run YPF SA. “Some ...

U.S. benchmark crude oil prices are hovering below the level oil executives say they need to drill new wells at a profit, spurring concerns that the country’s output could stagnate or even stall.

(Bloomberg) — Oil industry consultant Rystad Energy has slashed its estimate ... referring the Permian Basin, the world’s biggest shale patch, which is located in West Texas and New Mexico. Crude ...

Baker Hughes said oil rigs rose by one to 481 this week, while gas rigs gained one to 98. In the Utica shale basin, which covers parts of Ohio, Pennsylvania and West Virginia, drillers added two ...

The volume of oil shale mined in Estonia in 2024 fell to a record low, at a little over 8.5 million tons. This compares with over 10 million tons mined in 2022 and 2023, and is lower than the previous ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US shale oil producers are facing their gravest threat in years, as a sudden crude price sell-off triggered ...