US Frac Sand Supplier Cuts 10% of Workforce
Frac sand supplier U.S. Silica Holdings, Inc. has cut 230 employees as it grapples with the current challenges in its energy markets. Frac sand supplier U.S. Silica Holdings, Inc. has Continue Reading
Billionaire Fracking Brothers Hit Hard by Permian Holdings
Two brothers hit pay dirt during the shale boom when they sold their Texas fracking company in 2011 for $3.5 billion. But many of their more recent investments in the Continue Reading
Has U.S. Shale Seen Its Profits Peak?
For the U.S. shale industry, the third quarter was more of the same: new record highs in oil production, but another quarter of negative cash flow. A sample of 38 Continue Reading
U.S. Fracking Sector Spills More Red Ink — Again Cash Flow Remains Disappointing to Debt, Equity Investors
North American energy companies kept the oil and gas flowing last quarter, but once again failed to produce cash flows to match. A cross-section of 38 publicly traded oil and Continue Reading
Putin Calls U.S. Shale “Barbaric”
Vladimir Putin has spent his week cozying up to the Organization of Petroleum Exporting Countries (OPEC) and dissing the United States’ oil industry, dismissing shale oil production as a “barbaric” Continue Reading
Producers delay boosting Vaca Muerta output until political outlook becomes more clear
Highlights ExxonMobil, Shell, Tecpetrol say resource quality is unquestioned The challenge is above the ground; poor conditions Incoming government being watched for policy direction Buenos Aires — Three leading oil Continue Reading
Fracking Under Fire In California
California Governor Gavin Newsom just dealt a blow to the oil industry, placing a temporary moratorium on new fracking permits in the state until scientists complete an independent review of Continue Reading
This Texas Oil Town Sees Strongest Salary Growth In US
Driven by the U.S. shale boom in the Permian basin, personal income in Midland County, Texas, grew by the highest percentage—17.5 percent—of all metropolitan counties in the United States last Continue Reading
North Dakota September oil output falls to 1.44 million b/d: state agency
North Dakota’s oil output fell to 1.44 million b/d in September, down about 37,000 b/d from August’s record-setting average, the North Dakota Pipeline Authority reported Tuesday. In an interview with Continue Reading
Is Big Oil Wasting Its Time in The US Shale Patch?
Growth in the U.S. shale industry is dramatically slowing down, with cash-strapped drillers slashing spending and scrapping rigs. At the same time, the oil majors are consolidating their position and Continue Reading