Shale News Updates

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EIA Trims Forecast for 2025 US Crude Oil Output

The latest production forecast for this year represents a drop of about 50,000 barrels a day from the Energy Information Administration’s previous projections in June.

July 8, 2025
GovernmentBusinessFuel

Shale Firms Shrug Off Trump Push to Drill as Price Rally Ebbs

In the shale oil fields of Texas, North Dakota and New Mexico, executives are unlikely to change their capital budgets based on abrupt price moves from U.S. military strikes on Iran.

June 23, 2025
GovernmentBusinessFuel

US Shale Output Has Peaked as Prices Fall, Diamondback Says

Diamondback Energy, the largest independent oil producer in the Permian Basin, says production has likely peaked in America’s shale fields and will decline in the months ahead.  

May 6, 2025
BusinessFuel

US Shale Drilling Sees Sharpest Drop Since 2023

Drilling in the U.S. shale patch declined at the fastest pace in almost two years as mounting international trade tensions threaten to stifle energy demand.

April 11, 2025
BusinessFuel

Shale Executives See Takeovers Squeezing US Oil Production

U.S. oil production will decline if the corporate-acquisition spree sweeping the shale sector is prolonged, according to a Federal Reserve Bank of Dallas survey.

June 26, 2024
BusinessFuel

Shale Drilling Slides to Lowest Level of Activity Since 2022

Drilling in the U.S. shale patch dropped to the lowest level in almost 2½ years as operators vow to make good on promises to investors for subdued production growth this year.

June 7, 2024
BusinessFuel

Shale Oil ‘Fracklog’ Resumes Expansion After Yearlong Hiatus

Shale explorers are drilling wells faster than they’re fracking them, a strong signal that U.S. oil production growth is slowing.

April 15, 2024
GovernmentBusinessFuel

Oil Executives Urge Biden to Unleash Shale

The chorus is growing from America’s oil executives for President Joe Biden to throw the federal government’s weight behind an industry he once deliberately shunned: U.S. shale.

March 4, 2022
BusinessFuel

After Blowing $300 Billion, US Shale Finally Makes Money

After years of booms and busts that produced astronomical losses along with a whole lot of oil, the fracking industry seems to have found a sweet spot. It’s poised to generate more than $30 billion of free cash this year.

June 18, 2021
GovernmentBusiness

Shale Drillers Puzzle Analysts With $7.4 Billion Merger

Shale investors have been demanding more consolidation in the U.S. oil patch. But not exactly a deal like this one.

May 25, 2021