Shale Stocks Are Suffering From A Sentiment Problem
Third-quarter earnings in the oil and gas industry have begun to trickle in at a time when investors have the lowest confidence and interest in U.S. shale stocks in years. Continue Reading
Will The U.S. Shale Slowdown Save OPEC?
Russia and its OPEC partners in the production cut deal will take into account the slowing U.S. shale production growth at their December meeting to discuss the agreement, Russia’s Deputy Continue Reading
A Death Sentence For Small Oil & Gas Drillers
Some of the largest banks financing U.S. oil and gas drillers have recently reduced their expectations for oil and natural gas prices, determining the value of companies’ reserves and loans Continue Reading
U.S. Shale Braces For Brutal Earnings Season
A lot of big names will report third quarter earnings this week, and the results are expected to be worse than the same period in 2018. The timing comes as Continue Reading
Texas Hit Hard By Shale Slowdown
Texas’ economy is perhaps the most vulnerable to oil price swings given its leading role in the country’s oil industry. Recently, as prices have remained low, talk has begun about Continue Reading
US drilling on federal and Indian lands surges in 2019
Applications for permits to drill on federal and Indian lands have increased by more than 300% over the past two years with New Mexico and Wyoming receiving most of the Continue Reading
World ‘Awash’ in Oil as U.S. Sees Its Shale Boom Barreling Ahead
Global markets are “awash” in crude thanks to the surge in U.S. oil output, and the boom looks set to continue, U.S. Energy Secretary Rick Perry said in a Bloomberg Continue Reading
Investors brace for poor U.S. shale earnings amid weak oil and gas prices
Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations. Major shale Continue Reading
Is U.S. Shale Circling The Drain?
‘Significant production slowdown’ is all around the headlines about the U.S. shale patch these days. Yet, the headlines have often missed one growing problem in the U.S. oil industry—the abandoned, Continue Reading
Oil Rig Count Plunges To Lowest Level Since 2017
The US oil and gas rig count fell sharply this week, according to Baker Hughes, with a drop of 25 rigs for the week. This week marks nine decreases out Continue Reading