Oil traders and analysts searching for definitive signs of a pivotal bust in the U.S. shale boom are encountering the unexpected effects of El Niño, a seasonal weather phenomenon that Continue Reading
For leading U.S. shale oil producers, $40 is the new $70. Less than a year ago major shale firms were saying they needed oil above $60 a barrel to produce Continue Reading
Highly-leveraged U.S. energy companies are struggling to carry out debt swaps as part of their survival strategy because plummeting oil and gas prices make investors either avoid such deals or Continue Reading
For leading U.S. shale oil producers, $40 is the new $70. Less than a year ago major shale firms were saying they needed oil above $60 a barrel to produce Continue Reading
The collapse of U.S. oil and gas investment could have… In a basement lab of a North Dakota research center, Beth Kurz and an assistant are peering through a scanning Continue Reading
The U.S. shale oil business is drawing closer to a precipice, and energy executives worry it could be years before the industry can revive the major investment and engine for Continue Reading
U.S. oil drillers are finally beginning to buckle. For more than a year, American oil producers found a way to keep pumping despite a worldwide slide in crude prices. Like Continue Reading
U.S. energy firms this week cut oil rigs for an 10th week in a row to the lowest levels since December 2009, data showed on Friday, as some producers focus Continue Reading
Distressed asset sales are likely to dominate dealmaking in the U.S. energy industry this year as volatile oil prices put executives off major acquisitions. Normally strong companies buy weaker rivals Continue Reading
One day after Saudi Arabia’s oil minister said it was time for high-cost producers to call it quits, two Bakken shale drillers announced they’re doing just that. Continental Resources Inc., Continue Reading
