WorldOil Activist investor to stake $1B on changing shale operations The energy-focused private equity firm Kimmeridge Energy Management is looking for a U.S. shale producer to target for an overhaul, saying the sector has become “uninvestable.” Noble Energy targets U.S. onshore growth in 2020 capital budget Noble Energy says it will take advantage of offshore cash flow to focus on drilling in the DJ and Delaware basins in the U.S. Special Focus: 2020 Forecast - U.S. Drilling U.S. on a downward trajectory as shale industry matures Emerald Bay Energy spuds well in Duval County Emerald Bay Energy Inc. reported today that the Company has spudded the fifth well, #4HC, on the Duval County Ranch Company (DCRC) "E" lease. U.S. crude oil and natural gas production increased in 2018, with 10% fewer wells In 2018, while production was increasing, the total number of wells producing crude oil and natural gas in the United States fell to 982,000, down from a peak of 1,035,000 wells in 2014. This increase in production, despite the decline in the number of wells, reflects advances in technology and drilling techniques. EIA says growth of U.S. crude production will slow through 2021 EIA forecasts production will continue to grow as rig efficiency and well-level productivity rise, offsetting the decline in the number of rigs until drilling activity accelerates in 2021. EIA: U.S. crude production from tight formations continues to grow U.S. oil production from tight formations increased in 2019, accounting for 64% of total U.S. crude oil production, thanks to the increasing productivity of new wells that were brought online during 2019. EIA expects U.S. net natural gas exports to almost double by 2021 The U.S. Energy Information Administration forecasts that U.S. natural gas exports will exceed natural gas imports by an average 7.3 Bcfd in 2020 (2.0 Bcfd higher than in 2019) and 8.9 Bcfd in 2021. Water management Water and sustainability America is awash with natural gas, and it’s about to get worse Prices briefly dipped below $2 /MMbtu on Friday for the first time since 2016, yet the industry is powerless to stop a wave of additional gas hitting the market as a byproduct of rising shale oil output.