Tag: shale

INEOS renews offer to drill shale gas test well in the UK

INEOS is renewing its offer to the UK government and the new Prime Minister Liz Truss to drill a shale gas test well in the UK. ...

UK lifts shale gas fracing ban in hopes of boosting fuel supply

(Bloomberg) — New British Prime Minister Liz Truss removed a ban on drilling for shale gas, an effort to boost domestic energy supply that will have to overcome the same obstacles that stymied...

Young shale CEOs eye output boost in oil patch struggling to grow

(Bloomberg) — Investors desperate for clues on the outlook for U.S. shale oil production now have one of their first official forecasts for 2023, with the new chief executive officers of Permian Resources...

Substantial shale profits free up more cash to reward investors

(Bloomberg) — Shale drillers saw their debt burden fall further in the second quarter, signaling extra room for them to pay dividends, buy back shares or make acquisitions. A metric commonly used to measure...

Shale drillers continue consistent output as oil field costs rise

(Bloomberg) — U.S. shale oil drillers continue to show little sign of responding to high global prices with more production, only now it's not just their focus on rewarding shareholders that's holding them...

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