Why Apache’s Latest Oil Find Is Such A Game Changer
Oil Pump Apache’s recent oil find highlights what could be a new phase in fracking. To date, fracking in the U.S. had really been all about taking explored basins and Continue Reading
EIA now provides estimates of drilled but uncompleted wells in major production regions
Starting this month, EIA’s Drilling Productivity Report (DPR) includes monthly estimates of the number of drilled but uncompleted wells (DUCs) in the seven DPR regions. Estimates will go through the Continue Reading
How ‘Zombie’ Oil Companies Stay Alive in Life-or-Death Debt Markets
Beneath the surge in corporate defaults lies a surge in distressed exchanges. Such exchanges — defined by Moody’s Investors Service as when a troubled company offers its lenders new or Continue Reading
Bad News For The Bakken As Obama Administration Blocks Pipeline
Dakota Pipeline The Obama administration shocked the oil industry last week, pulling the plug on a major oil pipeline from the Bakken that had become a flashpoint between a pipeline Continue Reading
How ‘Zombie’ Oil Companies Stay Alive in Life-or-Death Debt Markets
Beneath the surge in corporate defaults lies a surge in distressed exchanges. Such exchanges — defined by Moody’s Investors Service as when a troubled company offers its lenders new or Continue Reading
U.S. shale output drop seen for 11th straight month in October: EIA
U.S. shale production is expected to fall for an 11th consecutive month in October, according to a U.S. government forecast released on Monday, on the back of a two-year global Continue Reading
North Dakota oil pipeline delays could hit producers, shippers
With the U.S. government siding in favor of Native American protests against a key North Dakota pipeline, local oil producers and shippers are facing the possibility of greater delays in Continue Reading
Permian Panic Driving One-Quarter of Global Oil, Gas M&As
Interest in the Permian Basin heats up as operators look for new tight oil upside in the Lower 48. Permian Basin merger and acquisition (M&A) deals now make up 25 Continue Reading
Payrolls down for shale-rich Texas
Manufacturing, an economic backstop in shale-rich Texas, is witnessing a drop in payrolls in an otherwise mixed bag, the Federal Reserve Bank of Dallas said. “Employment reports varied across sectors,” Continue Reading
U.S. judge halts fracking plan for federal lands in California
A U.S. judge on Wednesday halted a plan to allow fracking on public lands in central California, saying a federal agency’s environmental plan should have taken a “hard look” at Continue Reading