A new report published by the Post Carbon Institute concludes that Texas’ Eagle Ford Shale basin, the most prolific shale oil basin in the U.S., has peaked and reached terminal Continue Reading
Oklahoma earthquakes linked to disposal well injection activity show remaining challenge for oil and gas industry in addressing induced seismic activity. Earthquake activity in Oklahoma, believed to have been triggered Continue Reading
U.S. shale drillers will soon be able to sell their oil all over the world. Too bad no one needs it right now. A congressional deal to lift the 1970s-era Continue Reading
The publicly traded company entered chapter 11 in U.S. Bankruptcy Court in Wilmington, Del., with a restructuring deal that has garnered the support of roughly 75% of debtholders. The deal Continue Reading
Investors retreated from the U.S. junk-bond market for the third straight trading day and stocks of large asset managers were hit by heavy selling, a sign that the deepest turmoil Continue Reading
Canadian energy company Encana said it was cutting its capital program for 2016 by 25 percent, though nearly all of its spending would focus on four key areas. The company, Continue Reading
Cubic Energy Inc., CBNR 0.00 % the latest Texas oil company brought down by falling oil prices, filed for bankruptcy protection after reaching a deal with its lenders to hand Continue Reading
The dramatic drop in oil prices has created what are called “zombie” companies , oil companies which can still afford to pay interest on huge debts, but little else. If Continue Reading
Traders and regulators have fretted for more than a year that mayhem might ensue if U.S. mutual funds sought to sell rarely traded bond investments. After junk-bond prices posted their Continue Reading
Cash-strapped U.S. shale oil producers are facing another sharp sell-off in a 18-month-old crude slump with reduced hedging protection, risking a severe hit to earnings if prices fail to recover. Continue Reading
