Sunday, February 2, 2025

First Tech, Now Financing: U.S. Shale Firms Get Creative to Pump More Oil

From Reuters HOUSTON (Reuters) – U.S. shale producers survived an oil price crash and confounded OPEC’s efforts to drain a global glut by employing innovative drilling and production techniques. Now, some of these producers are turning to creative investments to pump more oil. Drilling joint ventures, called “DrillCos” for short, combine cash from investors like Carlyle Group LP (CG.O) with

CEO Says Mexico Oil Find Is ‘Multiples of What We Thought’

From Chris Helman/Forbes It’s been a few years of soul-searching for Tim Duncan, the CEO of Talos Energy. The Houston-based oil company has long specialized in the shallow waters of the Gulf of Mexico off Louisiana and Texas. Yet the oil bust that began in 2014 has made the region deeply unpopular. Facing dwindling prospects for big new finds offshore,