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Why American Shale Know-How Is Becoming a Global Export
Posted on 1/23/26 at 4:40 pm
Posted on 1/23/26 at 4:40 pm
quote:
As U.S. shale production plateaus, America's frackers are looking at opportunities abroad to tap new growth markets and develop emerging shale basins overseas, leveraging two decades of experience and technological innovation.
Opportunities abound-from Argentina to Australia-as oil and gas-producing nations look to unlock unconventional resources to increase domestic output and boost energy security.
quote:
American shale drillers and producers are exporting expertise and experience to various projects in South America, the Middle East, and Australia, in search of growth opportunities beyond U.S. shale.
America's crude oil production is set to plateau as the slowdown in drilling activity will outpace increases in drilling productivity, the U.S. Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook (STEO) this month.
After reaching an annual record of 13.6 million barrels per day (bpd) in 2025, U.S. crude oil production will decrease this year and next, by less than 1% in 2026 and by 2% in 2027, the EIA reckons.
Low oil prices have already forced oil tycoon and wildcatter Harold Hamm to cease drilling operations in North Dakota for the first time in decades.
But the company Hamm founded, Continental Resources, is now looking to expand its unconventional field drilling in Turkey and Argentina.
quote:
Early evaluations suggest the Ultimate Recoverable Reserves could reach 6 billion barrels of oil and 12-20 trillion cubic feet (TCF) of gas in the Diyarbakir Basin, and 20-45 TCF in the Thrace Basin, Continental Resources said.
"By harnessing the success pioneered by the American independent petroleum industry, this collaboration will allow for the rapid development of Turkey’s unconventional resources and pave the way for an Energy Renaissance," the largest private oil and gas producer in the United States said.
quote:
"Americans will need to explore outside of America in the next three to five years and use their expertise to develop new shale basins," Bryan Sheffield, the biggest shareholder of Tamboran Resources and son of Pioneer Resources founder Scott Sheffield, told the Financial Times.
In the Middle East, Abu Dhabi's oil and gas giant ADNOC has drilled some horizontal wells and tested oil to the surface at a shale play in the United Arab Emirates operated by EOG Resources.
quote:
Despite challenges, including higher costs compared to the Permian in the United States, the opportunities for U.S. shale producers are enormous.
"We take a long-term view of resource development, regardless of geography," Continental's CEO Lawler said early this month when the U.S. producer announced it is expanding its Vaca Muerta presence.
"As I like to say, 'The rock doesn't know what country it's in.'"
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2
Posted on 1/23/26 at 4:42 pm to ragincajun03
More earthquakes for Turkey? Cool.
Posted on 1/23/26 at 4:48 pm to Junger
quote:
More earthquakes for Turkey?
Maybe…if Turkey’s oilfields have a high arse water cut and the water needs to be injected back in the ground at a high rate.
It won’t be from merely fracking.
Posted on 1/23/26 at 4:50 pm to ragincajun03
Who cares if your tap water is on fire if you don’t have running water
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