OklahomaMinerals.com
Exploration
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1.6K‘We are on the verge of a massive collapse’: Ex-Energy Secretary Perry says COVID-19 will ravage oil industry
USA TODAY – Former Energy Secretary Rick Perry believes that the oil industry could collapse because of the dramatic decrease in demand...
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Texas shale producers ask state to cut oil output as demand plummets during coronavirus pandemic
Texas Tribune – Two Texas oil companies with large footprints in the West Texas oil patch sent a letter Monday to state...
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“Rocks Don’t Go Bankrupt” Experts Say Shale Will Rise Again
Bloomberg – The American shale industry shocked the world with its rebound after the 2014-2016 bust, setting records for output that pushed...
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Oil falls as sinking demand outweighs stimulus hopes
Reuters – Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand...
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U.S. Shale Goes Viral
Forbes – When it rains it pours. International and domestic oil and gas markets and prices are under heavy pressure from COVID-19 impacts and...
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Few U.S. shale firms can withstand prolonged oil price war
Reuters – For the last five years, U.S. shale oil producers have been battling suppliers for lower costs and running equipment and...
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Oil drops as much as 8%, on pace for worst week in more than a decade
CNBC – Oil dropped as much as 8% on Thursday as crude continues to take a hit on both the supply and...
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Chevron studies lower spending, output in face of oil rout
Financial Post – Chevron said it is looking at ways to cut spending, which could lead to lower near-term oil and gas...
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Several SCOOP and STACK producers look to scale back operations in 2020
S&P Global Platts – Multiple operators in the SCOOP/STACK look to cut capital expenditures and oil and gas production volumes in 2020...
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Natural gas CEO questions why any driller would be growing ‘in this market’
Pittsburgh Business Times – Cabot Oil and Gas Corp. CEO Dan O. Dinges on Friday questioned why other drillers are continuing to...
