As the mighty Permian Basin slows, Canada stands to rise in the shale oil and gas world

Quick Summary:

Kimmeridge activist investment firm eyes Canadian producers and new LNG projects.

Amid lower oil price and plateaued North American crude production, Kimmeridge has placed its emphasis on natural gas and LNG (liquefied natural gas readied for export).

The Permian’s more mature Midland Basin is the most prime real estate, but it’s highly consolidated now after a big wave of mergers, and much of its core areas are drilled.“Things are getting a bit tight and drilled up,” McMahon said.

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Article Details

Author / Journalist: Jordan Blum

Category: EconomyBusiness

Markets: United StatesCanada

Topics: Activist investing Shale boom LNG Natural gas

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 10:00:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 845 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 212 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28394728

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Official Website: fortune.com

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