U.S. shale oil and gas producers are acquiring international assets to sustain supply amid long-term oil demand revisions. From South America to the Middle East, frackers are expanding globally, with Continental Resources expanding in Argentina’s Vaca Muerta shale play, and also sealing exploration deals in Turkey with promising reserves.

Former Parsley Energy CEO Bryan Sheffield is investing in Australian unconventional energy resources through Tamboran Resources, holding drilling rights to nearly 2 million acres in the Beetaloo basin, one of the world’s largest shale gas deposits. Australia’s Northern Territory government reports over 500 trillion cubic feet of gas in discovered and prospective reserves.

EOG Resources has started drilling in a shale play in the United Arab Emirates, showcasing the country’s potential for unconventional energy resources. The shale major is also planning to drill for oil in Bahrain, with abundant resource capture in both plays, indicating strong partnerships and stakeholder alignment.

U.S. shale drillers are expanding globally due to peaking production at home, prompting what is being called Global Shale 2.0. With declining well productivity in the Permian, companies are leveraging their expertise in fracking technology to extract oil and gas from shale rock in other parts of the world, intensifying the global expansion of American shale majors.

The global expansion of American shale majors is likely to continue and increase in the coming years, with forecasts of changing oil demand necessitating new sources of production. As OPEC spare capacity shrinks and U.S. shale matures, the industry is shifting focus to international exploration, leveraging expertise to develop new shale basins and ensure continued oil flow.

Read more at Yahoo Finance: U.S. Shale Majors Take Fracking Global