The big bust in the oil fields
He’d borrowed from banks and investors and retirement funds, all in a frenzied mission to drill for oil and gas, and by the time Terry Swift realized he’d gone too Continue Reading
Shale Euphoria: The Boom and Bust of Sub Prime Oil and Natural Gas
Those whom the gods wish to destroy they first send mad Introduction The aim of this article is to show that the shale industry, whether extracting oil or gas, has Continue Reading
Texas Oil and Gas Production March 2016
Most of the charts that follow were produced by Dean Fantazzini and are in barrels of output per day for oil, condensate, and oil plus condensate except where noted. In Continue Reading
Coming to the Oil Patch: Bad Loans to Outnumber the Good
Bad loans are likely to outnumber good ones soon in the U.S. oil patch, an indication of the pressure on energy companies and their lenders from the crash in prices. Continue Reading
Oil and gas: Debt fears flare up
About 600 people packed on to the Machinery Auctioneers lot on the outskirts of San Antonio, Texas, last week to pick up some of the pieces shaken loose by the Continue Reading
Emerald Oil Files for Chapter 11 Bankruptcy Protection
Oil and gas exploration company Emerald Oil Inc. filed for bankruptcy protection Tuesday night, the latest victim of stubbornly low oil prices. The Denver-based company, along with four affiliates, filed Continue Reading
Dreaded ‘stealth’ supply becomes reality as U.S. drillers turn on ‘ducks’
A pump jack stands idle in Dewitt County, Texas January 13, 2016. A dreaded scenario for U.S. oil bulls might just be becoming a reality. Some U.S. shale oil producers, Continue Reading
North Dakota rig count remains steady
As crude oil prices hold relatively stable, North Dakota, the No. 2 oil producer in the nation, saw its rig count hold steady from last week, state data show. The Continue Reading
Dreaded ‘stealth’ supply becomes reality as U.S. drillers turn on ‘ducks’
A dreaded scenario for U.S. oil bulls might just be becoming a reality. Some U.S. shale oil producers, including Oasis Petroleum and Pioneer Natural Resources Co, are activating drilled but Continue Reading
Saudi Arabia leaves shale-favoring plants to Shell in Motiva split
Royal Dutch Shell Plc plans to maintain control of two refineries that can run more domestic crude, leaving a plant that runs massive volumes of Saudi Arabian oil to Saudi Continue Reading