Reuters – U.S. shale oil producers are reversing production cuts as prices recover from historic lows, underscoring shale’s ability to quickly adjust...
Forbes – Oil is back. The collapse in the global oil price at the start of the Coronavirus crisis got many headlines,...
Bloomberg – While OPEC has helped global oil markets recover from the coronavirus crisis, the cartel will soon face a new challenge:...
Forbes – As our energy-environment discussion marches on amid the pandemic, one of our biggest concerns must be that temporary fallen demand...
The Oklahoman – Unit Corp. files BK. – The energy pricing shock caused by an economic shutdown because of the COVID-19 pandemic...
Bloomberg – Oil prices have surged more than 75% in the U.S. this month. But don’t expect a quick rebound in supply from shale...
The Oklahoman – Oklahoma is a state that has learned how to live through boom and bust. While we are constantly working...
Reuters – Royalty checks from shale oil pumped on Paul Ruckman’s land allowed the South Texas retiree to build a six-bedroom, seven-bathroom...
Reuters – Continental Resources, one of the largest U.S. shale oil producers, on Wednesday urged North Dakota energy regulators to intervene in the...
Midland Reporter-Telegram – U.S. operators have been slashing production in response to the collapse in both oil demand and oil prices. Those...
Coterra Energy Inc. is expanding its investments in the Permian Basin by adding more assets to its $3.95 billion deal with Franklin Mountain Energy and Avant Natural Resources. Specifically, Coterra will purchase an additional 1,650 net royalty acres from Sandia Minerals LLC for $43 million, as disclosed in a December 31 SEC filing. These royalties were not part of its initial acquisition from Franklin Mountain. The purchase increases the total cost of the Franklin Mountain acquisition to $1.543 billion. This deal initially included 40.89 million shares of Coterra stock, valued at approximately $1 billion, and the separate deal with Avant is worth $1.45 billion. Collectively, these acquisitions will bring Coterra between 400 and 550 new net drilling locations, primarily located in Lea County, New Mexico.
The flow of natural gas through a major pipeline from Russia to Europe was cut off early Wednesday after Ukraine refused to renew an agreement that allowed for the transit of Russian gas through its territory, according to officials in both countries.
The move to suspend the flow of gas through a pipeline that had carried Soviet and then Russian gas to Europe for decades is part of a broader campaign by Ukraine and its Western allies to undermine Moscow’s ability to fund its war effort and to limit the Kremlin’s ability to use energy as leverage in Europe.
“This is a historic event,” Ukraine’s energy minister, Herman Galushchenko, said in a statement. “Russia is losing markets, it will suffer financial losses.”
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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