Chinese Company Makes a Splash in Texas Shale
Crude Oil Pipeline Chinese conglomerate Yantai Xinchao has US$1 billion to blow and is looking to buy oil-producing assets in the Permian Basin as it moves aggressively to expand its Continue Reading
Texas production levels on the rise
Texas oil production for March was up 1 percent from the previous month, state data show, as crude oil prices staged a sustained recovery. The Railroad Commission of Texas, the Continue Reading
Would Regulated Oil Prices, Argentine-Style, Help U.S. Shale?
Pipeline Rigs U.S. shale oil companies are filing for bankruptcy at an alarming rate, whereas, their counterparts in Argentina are having a gala time. When the U.S. shale oil drillers Continue Reading
Bakken Oil Patch At Risk Over Pipeline Lawsuits
Bakken Pipeline One of the key factors in the survival of the Bakken oil patch in the future will be affordable transportation options. Bakken producers receive lower realized prices for Continue Reading
North Dakota rig count low sets new record
State data in North Dakota show the number of rigs searching for or producing oil and gas as of Monday broke a record low set more than 10 years ago. Continue Reading
Oil Industry Maintains Country Club Culture During Downturn
Horizontal shales deep under the earth’s surface are important to an energy company’s balance sheet, but so is what happens above the grass line — especially if that grass is Continue Reading
In North Dakota’s oil patch, a humbling comedown
Dave Van Assche didn’t fret too much when oil prices started to slide in late 2014. The postal services business he had built over three short years was thriving, catering Continue Reading
Continental Resources making Oklahoma breakthroughs
Continental Resources boasted of record performance at a shale well on Oklahoma that it said was performing near the lowest costs ever for the company. Continental said it completed an Continue Reading
Thousands Protest ‘Bomb Trains’ and Environmental Racism in Albany
Willie White of Ezra Prentice Homes lifts a fist while marching amongst protesters from across the northeastern United States. (WNV / William Fowler) Thousands of protesters from across the Northeast Continue Reading
Shale Drillers’ Key to Survival: Efficiency
Amid the abandoned worker camps, idled drilling rigs and empty field-office parking lots of western North Dakota, a shale industry reshaped by the oil-price collapse is beginning to emerge. As Continue Reading