How many shale oil companies are there in the US?

The shale oil extraction revolution has dramatically impacted U.S. oil and gas production. By cost-effectively unlocking the hydrocarbons trapped in these tight rock formations through fracking, producers have unleashed a torrent of new fuel output. read more

Meanwhile, Chesapeake Energy was the top producer in Ohio, where it has been a leader in developing the Utica shale.Turning to the Rockies, Whiting Petroleum is the leading producer in the prolific Bakken shale -- a position it ascended to when it bought rival Kodiak Oil & Gas in late 2014 for $6 billion. read more

The U.S. Energy Information Administration (EIA) estimates that in 2017, about 4.67 million barrels per day of crude oil were produced directly from tight oil resources in the United States. This was equal to about 50% of total U.S. crude oil production in 2017. 1 Tight oil is oil embedded in low-permeable shale, sandstone, and carbonate rock formations. read more