http://www.worldoil.com WorldOil U.S. seeks to boost oil royalties to account for climate change https://www.worldoil.com/news/2021/11/26/us-seeks-to-boost-oil-royalties-to-account-for-climate-change The Biden administration on Friday issued a long-awaited blueprint for overhauling oil and gas development on federal lands that includes boosting royalty rates despite high gasoline prices that have spurred demands to accelerate domestic production. https://www.worldoil.com Higher investment is needed for Eagle Ford to facilitate production growth, says GlobalData https://www.worldoil.com/news/2021/11/22/higher-investment-is-needed-for-eagle-ford-to-facilitate-production-growth-says-globaldata Crude oil and natural gas production in the Eagle Ford shale play, situated in southeast Texas, dropped by almost 35% and 20%, respectively, in May 2020 due to the COVID-19 pandemic, according to GlobalData. Permian shale output expected to set a record in December https://www.worldoil.com/news/2021/11/16/permian-shale-output-expected-to-set-a-record-in-december Oil output in the Permian Basin is projected to hit a record as the largest U.S. shale patch leads the recovery in domestic production from its Covid-19 induced slump. ADIPEC: Oxy’s Hollub wants Biden to stop hectoring OPEC and focus on U.S. oil https://www.worldoil.com/news/2021/11/15/adipec-oxy-s-hollub-wants-biden-to-stop-hectoring-opec-and-focus-on-us-oil The ADIPEC conference, running from Nov. 15-18, is taking place in the wake of the COP26 climate talks and with energy prices soaring. Benchmark Brent crude has climbed almost 60% to above $80 a barrel, while gas prices in Asia and Europe hit record highs recently. U.S. shale oil output nears pre-pandemic levels https://www.worldoil.com/news/2021/11/12/us-shale-oil-output-nears-pre-pandemic-levels Surging oil and natural gas prices are spurring production increases from West Texas to the Upper Great Plains that probably will lift output to levels not seen since the early days of the pandemic, according to Rystad Energy AS. Oxy’s oil hedge tallies losses following 2020 payouts https://www.worldoil.com/news/2021/11/8/oxy-s-oil-hedge-tallies-losses-following-2020-payouts Oil and gas producer Occidental Petroleum Corp.’s move to hedge its output has been a roller coaster over the past two years. Yergin puzzled by Biden’s “indifference” to the U.S. oil industry https://www.worldoil.com/news/2021/11/8/yergin-puzzled-by-biden-s-indifference-to-the-us-oil-industry While President Joe Biden has been “jaw-boning” OPEC nations to pump more crude, the rest of the world finds it odd that the leader of the top oil producer isn’t paying more attention to domestic shale, said oil historian Daniel Yergin. Southwestern Energy to acquire GEP Haynesville for $1.8 billion https://www.worldoil.com/news/2021/11/4/southwestern-energy-to-acquire-gep-haynesville-for-18-billion Southwestern Energy Company announced that it has entered into a definitive agreement with the third largest private Haynesville producer – GEP Haynesville, LLC under which it will acquire GEP for approximately $1.85 billion. The transaction is expected to close by year-end 2021, subject to customary closing conditions. Shaletech: Marcellus-Utica shales https://www.worldoil.com/magazine/2021/october-2021/features/shaletech-marcellus-utica-shales Discipline tested, as gas continues upward trajectory