Bankrupt Oil Companies Pay Huge Bonuses To CEOs
The oil price rout that sent several hundred U.S. oil and gas companies under seems to be largely over, and in a somewhat surprising turn of events, some chief executives Continue Reading
NAmerico unveils natural gas pipeline plan to relieve Permian glut
NAmerico Partners LP is proposing a multibillion-dollar pipeline to ferry natural gas from fast-growing fields in West Texas to the Gulf Coast, the company said on Monday, angling to match Continue Reading
Most Lucrative Energy Job? Some Say It’s CEO of a Bankrupt Company
When Ultra Petroleum Corp. emerges from bankruptcy protection in the coming weeks, as expected, the natural gas producer’s chief executive is on track to be rewarded with roughly $35 million Continue Reading
Permian Pipeline Bottleneck Forces Steep Discounts
Oil production in the Permian Basin is rising so quickly that drillers may find themselves without enough pipeline capacity to move their product. Shale drillers large and small are rushing Continue Reading
Exclusive: NAmerico unveils natural gas pipeline plan to relieve Permian glut
NAmerico Partners LP is proposing a multibillion-dollar pipeline to ferry natural gas from fast-growing fields in West Texas to the Gulf Coast, the company said on Monday, angling to match Continue Reading
Texas Drillers Face Threat of Too Much Oil, Too Few Pipelines
Oil production in West Texas is about to outgrow pipeline capacity, a combination that knocked down crude prices in the region three years ago. West Texas Intermediate crude at Midland, Continue Reading
North Dakota oil output set to rise as controversial pipeline opens
North Dakota oil production will get a shot in the arm next month as a pipeline comes online despite opposition by environmental groups and Native Americans, allowing the energy industry Continue Reading
Fracking 2.0: Shale Drillers Pioneer New Ways to Profit in Era of Cheap Oil
Using a proprietary app called iSteer, Brian Tapp, a geologist for EOG Resources Inc., dashed off instructions to a drilling rig 100 miles away. This tool is among the reasons Continue Reading
Huge 300,000 Bpd Fracklog Could Derail Oil Price Recovery
Thousands of drilled shale wells are sitting idle, unfracked and uncompleted. The backlog of drilled but uncompleted wells (DUCs) grew dramatically beginning in 2014, as low oil prices forced drillers Continue Reading
Shale Drillers Face an Uncertain 2018 With Most Hedges Expiring
A surge in hedging contracts is helping U.S. shale drillers ride out the turmoil in global oil markets this year. Next year may not be so easy. As of March, Continue Reading