It was a tumultuous week in the world of hydraulic fracturing (“fracking”) for shale oil and gas, with a few of the biggest companies in the U.S. announcing temporary shutdowns Continue Reading
The North American Baker Hughes Rig Count came out Friday. The decline continues. Baker Hughes gives an oil and gas breakout for every basin and state with five years of Continue Reading
With crude oil trying to stage a recovery, the rig count in North Dakota held steady despite a net decrease in the United States, state data for Monday show. State Continue Reading
Oil traders and analysts searching for definitive signs of a pivotal bust in the U.S. shale boom are encountering the unexpected effects of El Niño, a seasonal weather phenomenon that Continue Reading
For leading U.S. shale oil producers, $40 is the new $70. Less than a year ago major shale firms were saying they needed oil above $60 a barrel to produce Continue Reading
Highly-leveraged U.S. energy companies are struggling to carry out debt swaps as part of their survival strategy because plummeting oil and gas prices make investors either avoid such deals or Continue Reading
For leading U.S. shale oil producers, $40 is the new $70. Less than a year ago major shale firms were saying they needed oil above $60 a barrel to produce Continue Reading
The U.S. is so awash in crude oil that traders are experimenting with new places to store it: empty railcars. Thousands of railcars ordered up to transport oil are now Continue Reading
The collapse of U.S. oil and gas investment could have… In a basement lab of a North Dakota research center, Beth Kurz and an assistant are peering through a scanning Continue Reading
The U.S. shale oil business is drawing closer to a precipice, and energy executives worry it could be years before the industry can revive the major investment and engine for Continue Reading
