Boom times in North Dakota’s oil fields hit the state’s higher-education sector hard, as young people opted for immediate employment over college enrollment. Now, the region’s colleges are seeing a Continue Reading
Falling oil prices have brought widespread layoffs in the oil fields of Texas, Louisiana, Oklahoma and Pennsylvania and questions about whether once-hot local economies are retrenching for good or just Continue Reading
Energy executive Harold Hamm says oil prices should double to $60 by the end of 2016—a contrary prediction for a market currently bracing for oil to fall to $20. He Continue Reading
Mid-sized oil producing companies are proving more resilient against weak oil prices than expected as they are able to slash more costs, allowing them to press ahead with projects that Continue Reading
A Texas state energy regulator said about half as many original drilling permits were issued for December than for the same month in 2014. Crude oil prices, down about 70 Continue Reading
U.S. shale oil production is expected to fall for a seventh month in a row in February, declining at about the same rate as the month before as drillers manage Continue Reading
The amount of oil hauled on US railways has declined steeply in the past year as refineries swallow more foreign supplies in the face of falling domestic crude output. Tank Continue Reading
Crude-oil prices plunged more than 5% on Monday to trade near $30 a barrel, making the specter of bankruptcy ever more likely for a significant chunk of the U.S. oil Continue Reading
Half of U.S. shale oil producers could go bankrupt before the crude market reaches equilibrium, Fadel Gheit, said Monday. The senior oil and gas analyst at Oppenheimer & Co. said Continue Reading
Goldman Sachs has diagnosed a new reason for the sudden slump in energy industry sentiment this week: talk of agility, not agony, among leading U.S. shale oil producers speaking at Continue Reading
