Highlights Bakken output expected to decline Charters VLCCs to store Bakken Defers Payara activities in Guyana New York — Hess is expanding its 2020 spending cuts in response to low Continue Reading
U.S. oil prices slumped into negative territory less than a month ago as storage space fills up fast. And yet it appears that some producers are ready to start drilling Continue Reading
It might sound like a headline about Canada’s oil industry or Venezuela’s, but even the most prolific basins in the U.S. shale patch are crumbling under the weight of low Continue Reading
The associated natural gas production declines across US plays due to the crude price collapse and the coronavirus pandemic are starting to hit the SCOOP/STACK in Oklahoma, driving basis prices Continue Reading
The numbers are in: We now know just how badly the country’s top oil drillers were hit by the coronavirus-fueled downturn. Three of the four biggest U.S. oil and gas producers posted Continue Reading
Some shale producers said all they need is $30 oil to consider bringing back curtailed crude output. (Bloomberg) — A pair of prominent shale producers said all they need is Continue Reading
Oil executive Bill Kent was with fellow managers in the Colorado board room of Resource Energy headquarters on April 20 when benchmark U.S. crude prices collapsed to minus $37 a Continue Reading
A lame-duck Texas regulator who proposed mandatory oil-output cuts said the effort is “dead” a day before the biggest U.S. crude-producing state was set to vote on the measure. Texas Railroad Continue Reading
With North Dakota Bakken oil production down more than 30%, the death of the mighty shale region has begun. There is no way for the companies producing shale oil in Continue Reading
Turns out shutting an oil well is easy, in many cases, it can be done with a few taps on an iPhone. Figuring out which to shut, and for how Continue Reading
