Wednesday, July 23, 2025
U.S. oil and gas independents returned $18.1 billion to shareholders in 2021- oil and gas 360

U.S. oil and gas independents returned $18.1 billion to shareholders in 2021

World Oil U.S. oil and gas producers recovered and reset in 2021, posting increased profits of $73.7 billion and $211.9 billion in revenues, with significant deal activity that drove $144.1 billion in capital expenditures (capex), according to the EY U.S. oil and gas reserves, production and ESG benchmarking study.   The study documents how the industry’s 50 largest publicly traded exploration

WoodMac: Onshore and Offshore Oil Now have More in Common

WoodMac: Onshore and Offshore Oil Now Have More in Common

From The Houston Chronicle After much of the energy sector abandoned deepwater drilling to focus on quicker and cheaper shale oil, the offshore and onshore industries suddenly have much more in common than they once did. The two sectors are meeting in the middle as shale oil becomes larger-scale and switches to a repeatable manufacturing mode, while the offshore industry

Oil Giants Won't Bail Out Overpriced Independents in the Permian Basin - Oil & Gas 360

Oil Giants Won’t Bail Out Overpriced Independents in the Permian Basin

Permian drillers may have to be squeezed by weak prices for a bit longer before they dial down their expectations: Exxon CEO Woods From Bloomberg HOUSTON (Bloomberg) — Oil giants probably won’t be buying up the Permian basin’s struggling independent drillers any time soon. Years of costly exploration and frantic buying sprees have gutted shareholder returns in the world’s largest