North Dakota, with its Bakken Shale formation, produced over 432.7 million barrels of oil in 2023, placing it third in the nation. Meanwhile, Colorado and Oklahoma contributed 165.7 million and ...

Welcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, Senior Reporter Kevin Crowley unpacks how US oil production costs are declining at a ...

US Shale Pumps More Cash into Aging Oil Fields, Rystad Says. Fiscal discipline has been industry’s focus for last two years; Elevated production reinvestment unlikely to last: Rystad ...

Continental Resources Inc.’s CEO Doug Lawler said that without locating potential new sites for drilling and extraction, oil prices could climb to $120 to $150 per barrel.

Goehring & Rozencwajg: U.S. shale production peaked in late 2023 and is now declining, with geological depletion rather than market dynamics posing the biggest challenge.

The next two largest onshore U.S. oil fields, the Bakken Shale in North Dakota and the Eagle Ford Shale in South Texas, never fully recovered after the 2020 pandemic.

Sinopec discovers new shale oil fields March 25, 2025 Sinopec discovered Xinxing and Qintong shale oil fields in eastern China with combined proven reserves of 180 million tonnes.

Shale is still growing. But analysts say fields are beginning to get exhausted, so production is starting to plateau. “Offshore is the only place that’s left to grow.

The agency says the so-called Wolfcamp shale in Texas contains 20 billion barrels of oil and 16 trillion cubic feet of natural gas that are recoverable by hydraulic fracturing and other means.

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.