U.S. Oil Rig Count Rises As WTI Prices Slide
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 6 to 189—a gain that may push prices down further. The total number Continue Reading
U.S. oil producers on pace for most bankruptcies since last oil downturn
Oasis Petroleum Inc and Lonestar Resources US Inc’s bankruptcy filings are the latest in a slew of restructurings that put oil-and-gas producers on track for their biggest year of bankruptcies Continue Reading
Yet Another Shale Producer Files For Bankruptcy
Eagle Ford producer Lonestar Resources filed for bankruptcy protection under Chapter 11 this week, becoming the latest casualty in the string of bankruptcies in the U.S. shale patch this year. Continue Reading
Texas Taxpayers Face $117 Billion Bill For Orphaned Oil Wells
The state of Texas and its taxpayers could be on the hook for paying up to US$117 billion for the cleaning-up of abandoned wells as a growing number of U.S. Continue Reading
US oil, gas rig count jumps 18 to 326 for second week of double-digit gains: Enverus
The US oil and gas rig count jumped 18 to 326 in the week ended Sept. 30, rig data provider Enverus said, marking a second consecutive week of double-digit gains Continue Reading
Oil bankruptcies could shift clean-up bill to US taxpayers
US taxpayers could be left footing a bill of tens or even hundreds of billions of dollars to clean up oil and gas wells across the country as a growing Continue Reading
Rejoining Paris Would Be Easy for Biden. The Hard Part Is Averting Climate Disaster
For a President Joe Biden, rejoining the Paris Agreement would be almost as simple as signing an autograph. The hard part would be everything else. With global warming already fueling wildfires, Continue Reading
Joe Biden Could Never Ban Fracking
I have always viewed politicians that promise to ban hydraulic fracturing — commonly known as “fracking” — with some level of suspicion. In fact, a year ago as candidates were Continue Reading
Devon to Become Bigger Permian Player
Devon Energy Corp. agreed to acquire WPX Energy Inc. in a $2.56 billion all-stock deal, creating one of the largest independent U.S. shale producers and answering investor calls for consolidation Continue Reading
Exclusive: U.S. shale producer Devon in talks to acquire peer WPX
U.S. shale producer Devon Energy Corp is in talks to acquire rival WPX Energy Inc in an all-stock transaction that would create a company worth around $6 billion, people familiar Continue Reading