The Oil Patch Is Primed for an Era of Megadeals - The Wall Street Journal
The Oil Patch Is Primed for an Era of Megadeals - WSJ
Updated Oct. 7, 2023 12:16 am ET
The U.S. oil industry could be on the cusp of consolidation that would deliver a band of unruly shale frackers into the hands of a few old-guard producers.
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Related Knowledge Center: ENERGY BASICS: petroleum
While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.