production costs

U.S. shale production costs are finally falling

July 7, 2023

Oil Price After years of rising production costs amid post-pandemic inflation, the U.S. Shale Patch can finally breathe a sigh of relief after the cost trajectory hit a turning point. Production costs fell 1% year-on-year in the second quarter, marking the first time they have shrunk in three years. Drill pipe prices have halved this year, daily rig rates are

Investors cheer falling production costs at Brazil’s Petrobras

October 25, 2019

Reuters RIO DE JANEIRO (Reuters) – Investors cheered a significant cut in production costs at Brazil’s state-run oil firm Petrobras on Friday, sending shares in the company soaring 4% in morning trade, their biggest intraday gain in more than a month. In its third-quarter results released on Thursday night, the company said production costs in a key offshore oil area

Marathon Oil Profit Jumps 50% on Higher U.S. Shale Production

August 7, 2019

From Reuters Marathon Oil Corp (MRO.N) reported a 50% jump in quarterly adjusted profit on Wednesday, as higher U.S. shale output countered lower realized crude prices and production costs fell. The company, like many other U.S. oil producers, is extracting more crude from its wells in the prolific shale basins against the backdrop of pressure to cut back on spending

U.S. shale production costs are finally falling

Investors cheer falling production costs at Brazil’s Petrobras

Marathon Oil Profit Jumps 50% on Higher U.S. Shale Production

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