Oilfield service veteran David Messler suggested last month that oil production in the shale patch may be nearing its peak and consequent plateau. EIA forecasts a 16,000-bpd increase in oil production ...

Explore the differences between shale oil and conventional oil, including extraction costs and methods, and how these impact ...

Argentina has overtaken Colombia as South America’s fourth-largest oil producer, driven by rapid shale development in the ...

US shale oil production growth in 2023 was overstated due to EIA's inaccurate data, leading to inflated growth expectations for 2024 and 2025. Associated gas production is outpacing crude production, ...

EIA oil storage report was fairly bullish today, with the crude draw of 6.4 million bbls outpacing our forecast of -4.33 million bbls. More importantly, in these weekly reports, we watch just how ...

To some skeptics of oil shale development, even the process Shell is pursuing appears pie-in-the-sky. It envisions both long, slow heating of in-situ shale to produce kerogen and simultaneous use of a ...

With production stalling and oil prices dropping, operators could focus on recovery rates and inventory, analysts say ...

Argentina’s Vaca Muerta shale play reached a new oil production record of 400,000 barrels per day in the third quarter and is on track to hit one million barrels per day by 2030, according to Rystad ...

April 15 (Reuters) - U.S. oil output from top shale-producing regions will rise in May to the highest level in five months, the U.S. Energy Information Administration (EIA) said in its monthly ...

The United States is the world's top producer of crude oil. In fact, since 2018, the U.S. has produced more oil than any ...

BOSTON — Defense contractor Raytheon Co. is selling technology to a large oil-field services company that hopes microwaves will someday become a key tool in unlocking the vast but hard-to-extract oil ...