The global oil & gas industry experienced an 18% drop in company filings mentions of shale in Q2 2023 compared with the previous quarter, with the highest share accounted for by Chesapeake Energy with 11% year-on-year increase, according to GlobalData’s analysis of over 327 oil & gas company filings. GlobalData’s United States of America (USA) Lower 48 Unconventional Oil and Gas (Major Shale Plays) Market Analysis and Forecast, 2021-2026 report provides a comprehensive analysis of crude oil and natural gas historical production in US L48 shale plays. It includes deatials on the latest M&A activity across major shale plays and top companies’ net acreage, and planned capital expenditures. Buy the report here.

Notably, shale was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of cryptocurrencies and regtech, according to GlobalData.

Of the top leading companies in the oil & gas industry, Chesapeake Energy had the greatest increase in references for shale in Q2 2023, compared with the previous quarter. GlobalData identified 93 shale-related sentences in the company's filings - 8% of all sentences - and an increase of 11% in Q2 2023 compared with Q2 2022. EOG Resources’s mentions of shale rose by 148% to 72 and EQT’s by 2200% to 46 and Coterra Energy’s by 14% to 36 and Williams’s by 64% to 27.

GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for shale in Q2 2023 was 132.

For further understanding of GlobalData's United States of America (USA) Lower 48 Unconventional Oil and Gas (Major Shale Plays) Market Analysis and Forecast, 2021-2026 buy the report here.

This content was updated on 5 August 2023

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.