Shale

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Shale’s Shift to All-Stock Deals Gives It Muscle Against OPEC Maneuvers

Conventional Energy, Energy Topics & Technology, Latest, Oil, Shale, US News / By

APA Corp.’s $2.6 billion purchase of Callon Petroleum Co. extends the industry’s strategy of lining up drilling sites without piling on debt. Permian Basin oil and natural gas output may grow in 2024, though at a slower pace than last year. The new year in the shale patch kicked off much as the old one ended, with a hefty all-stock takeover. …

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Permian’s Private Shale Explorers Expect Modest Growth

Conventional Energy, Latest, Oil, Shale, US News / By

Survey finds closely held group planning less than 5% increase Explorers say they need crude to be above $70 to make a profit By David Wethe – Bloomberg Most of shale’s private explorers in the Permian are planning modest growth this year as one of the main engines of US oil expansion downshifts amid volatile commodity …

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