Repsol steps back from U.S. shale
Spanish energy company Repsol said it was offering up a portion of its holdings in a U.S. shale basin in favor of a position in operations offshore Norway. Repsol divested Continue Reading
Bakken and OPEC Production Data
The Bakken and North Dakota production data for October is out. The Numbers a little surprising. Bakken & North Dakota Bakken production was up 7,520 barrels per day to 1,113,930 Continue Reading
North Dakota oil sector bracing for slump
North Dakota oil producers increased production in October in a spasm of activity as signs emerge of a prolonged slump, a state report finds. The North Dakota Industrial Commission reported Continue Reading
Junkyard Dog: How Oil-Fueled Debt Caught Up With Chesapeake
Half of the 10 worst-performing junk bonds over the past week were issued by Chesapeake, the Oklahoma City company that is the second-largest U.S. natural gas producer behind Exxon Mobil Continue Reading
Billions of Barrels of Oil Vanish in a Puff of Accounting Smoke
In an instant, Chesapeake Energy Corp. will erase the equivalent of 1.1 billion barrels of oil from its books. Across the American shale patch, companies are being forced to square Continue Reading
Zombies appear in U.S. oilfields as crude plumbs new lows
Drained by a 17-month crude rout, some U.S. shale oil companies are merely hanging on for life as oil prices lurch further away from levels that allow them to profitably Continue Reading
EIA Says Shale Continues to Decline
The EIA’s Drilling Productivity Report has US shale oil on a steep decline. The below shale oil production charts are the EIA’s estimate of what shale production will look like Continue Reading
Oil Rout Accelerates Selloff in Master-Limited Partnerships
The oil selloff has hurt energy investments across the board, including one that has attracted billions through its reputation as a haven from big drops in the price of crude. Continue Reading
Outlook for Texas energy sector uncertain
The outlook for the oil-based economy in Texas is anything but certain, though some form of recovery is expected later in 2016, an economist said. The Texas Petro Index, a Continue Reading
US EIA again sees oil production dropping in Eagle Ford, Bakken, Niobrara plays
The US Energy Information Administration Monday again forecast oil production to fall in the Eagle Ford, Bakken and Niobrara plays in December, marking the 10th straight month of projected declines, Continue Reading