US junk-rated energy debt hits two-decade low
The value of debt issued by junk-rated US energy companies has plummeted to the lowest level for more than two decades, sending a warning signal about the outlook for the Continue Reading
Moody’s: Low cash flow for oil and gas drillers
North American companies focused on exploration and production can expect the market to deteriorate further as low oil price pressures endure, Moody’s said. “Even under a scenario with a modest Continue Reading
Southwestern Energy to Lay Off or Trim Roles of 1,100 Workers
Southwestern Energy Co. SWN 19.24 % on Thursday announced a sweeping workforce-reduction plan that will lay off or reduce the roles of about 45% of the company’s employees as it Continue Reading
Sandridge Energy Agrees to Shut Several Oklahoma Wells
After days of negotiations with Oklahoma regulators, an embattled oil producer has agreed to shut down several wells used to dispose of wastewater and that had been linked to earthquakes Continue Reading
North Dakota’s steady production shows why oil market rebalancing is so hard: Kemp
North Dakota’s oil production has been flat for more than a year, but it hasn’t fallen despite the sharp drop in prices, illustrating the challenges of rebalancing the oil market. Continue Reading
Oil below $30 fans wipeout fears among U.S. shale survival artists
Across oil fields from Texas to North Dakota fears are growing that crude’s plunge below $30 a barrel is more than just another market milestone and marks a countdown to Continue Reading
Some Bankrupt Oil and Gas Drillers Can’t Give Their Assets Away
Daniel Yergin Oil is in free fall and Terry Clark couldn’t be happier. In mid-2014, when the crude price topped $100 a barrel, Clark made an offer to buy properties Continue Reading
Oil below $30 fans wipeout fears among U.S. shale survival artists
Across oil fields from Texas to North Dakota fears are growing that crude’s plunge below $30 a barrel is more than just another market milestone and marks a countdown to Continue Reading
Chesapeake Energy Falls to 15-Year Low as Biggest S&P 500 Loser
Chesapeake Energy Corp. fell to the lowest since April 2000, making it the worst performing stock in the Standard & Poor’s 500 Index Tuesday, on investor concern that sinking oil Continue Reading
Kemp: North Dakota’s Steady Production Shows Why Market Rebalancing Is Hard
North Dakota’s oil production has been flat for more than a year, but it hasn’t fallen despite the sharp drop in prices, illustrating the challenges of rebalancing the oil market. Continue Reading