Oil price plunge puts US shale production in peril

Shale Drillers Idle US Rigs at Fastest Pace in Almost Two Years

Drilling in the US shale patch declined at the fastest pace in almost two years as mounting international trade tensions threaten to stifle energy demand.

U.S. energy secretary says shale industry will 'survive and thrive' despite plunging crude prices

Commodities analysts estimate that U.S. crude needs to stay above $65 per barrel to keep shale producers in business.

OPEC output hikes, trade wars have US oil producers wary of 'drill baby drill'

By Arathy Somasekhar

A Deep Dive into New Mexico’s Lack of Economic Freedom

A thousand years ago, a group of people settled along Red Willow Creek at the base of the Taos Mountains and never left. They were among the first, but hardly the last, to be enchanted by New Mexico’s snow-capped mountains and sun-drenched vistas. The state’s moderate climate, rich culture, and mouth-watering cuisine are peerless. And now that New Mexico churns out 2 million barrels of oil every day—more than 15 percent of all US production—you’…

U.S. Shale Faces Toughest Challenge Since the 2020 Oil Price Plunge

The U.S. shale industry is struggling as the crash in oil prices, triggered by President Trump's tariffs and exacerbated by recession fears and OPEC+ supply increases, has pushed prices below the breakeven point for profitable new drilling.

Oil price plunge puts US shale production in peril

Trade war and Opec output surge create toughest challenge since the Covid-19 pandemic, executives say