WorldOil Shell seen reclaiming dominance in Texas shale country Shale oil hasn’t always been Royal Dutch Shell Plc’s best friend, but they’re working on the relationship. Baytex Energy, Raging River Exploration announce merger valued at $5 billion Baytex Energy Corp. and Raging River Exploration Inc. have announced that their respective boards of directors have unanimously agreed to a strategic combination of the two companies. U.S. oil's pricing allure risks being dulled by China tariff China’s planned levies on U.S. crude as part of an escalating trade dispute threatens to dim the attractiveness of American supplies in the world’s biggest oil-importing nation. ANWR could boost U.S. oil supplies, but it's going to be a while Don’t hold your breath waiting for oil from ANWR. Magnolia Petroleum sees potential sale of North Dakota assets to avoid bankruptcy Magnolia Petroleum plc, the U.S. focused oil and gas EandP company, has announced that it has signed a non-binding agreement with a third party for the sale of all its wells in which it has varying interests in North Dakota, being approximately 31 wells, for a total consideration of $1.5 million. Oil play ditched years ago draws EOG, Conoco as Permian fallback The next frontier for U.S. oil’s resurgence may come on familiar terrain. IHS Markit: "Stunning" Permian oil production to more than double from 2017-2023 Oil production in the Permian basin, already a major force in global supply growth, will rise nearly 3 MMbpd by 2023—a level of growth exceeding most recent estimates, a new outlook by business information provider IHS Markit says. What the report describes as a “stunning” level of growth will comprise more than 60% of net global production growth during that timeframe. MEI projects Marcellus, Utica and Permian to supply 55% of U.S. gas by 2030 McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight to the global energy industry, forecasts that the Marcellus, Utica, and Permian shale plays will supply 55% of the North American gas market by 2030. CAMRO study shows Colorado stands to lose $26 billion if bans on energy development pass The Colorado Alliance of Mineral and Royalty Owners (CAMRO) released a report prepared by Netherland, Sewell, and Associates showing that untapped minerals in Colorado’s Wattenberg field could have an expected ultimate recovery of nearly $180 billion over the life of the field. America's LNG exports may double prices by 2040 as demand surges Exports of U.S. LNG may double prices by 2040, but rising output and better trade balances will soften the blow to consumers.