As the booming U.S. onshore oil and gas industry matures and efficiency levels fall, less active Canadian shale plays stand to benefit with arguably the best combination of quality inventory and ...

USGS estimates 28.3 Tcf of gas and 1.6 billion barrels of oil are technically recoverable in the deep Woodford and Barnett shales, challenging claims that U.S. shale resources are nearing exhaustion.

The toxic water that gushes out of oil wells in the Permian Basin of Texas and New Mexico has spurred environmental concerns and even earthquakes. Now the problem has become so acute that it's turning ...

MIDLAND, TX (KCBD) - The U.S. Geological Survey has assessed significant undiscovered oil and gas resources in the Woodford and Barnett shales of the Permian Basin, finding 28.3 trillion cubic feet of ...

Natural gas touches almost every corner of the U.S. economy, fuelling power plants, homes, factories and the booming LNG export sector. But the supply needed to meet all those uses is coming from an ...

Permian dominates U.S. oil growth, contributing over 6 million barrels per day and nearly half of total U.S. output, but its growth is increasingly seen as unsustainable. No sharp drop in Permian ...

Permian Basin starts to show economic strain as oil prices hover around $60 Trump's tariffs are pushing costs higher, eating into profitability Local businesses and employment suffer amid industry ...

Company recently announced a US$3 billion sale of its Oklahoma positions to a newly formed LLC Ovintiv will focus spending on the Permian basin in the US and Montney shale play in Canada, while ...

The prolific play has many wrinkles, but plenty of life left in it To hear the many trials of the Permian basin is to assume that the vaunted US shale play’s best days are behind it. Surging power ...