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Debt a complicating factor in oil bust, Occidental CEO warns
2016-02-23 02:22:58| Oil & Gas - Topix.net
The massive amount of dollars owed and the terms they come with could force more oil and gas drillers to restructure their businesses in bankruptcy court instead of pursuing cost-saving combinations with competitors, Occidental Petroleum CEO Stephen Chazen tells the IHS CERAWeek conference. Companies typically can combine to reduce costs in times of struggle, but many oil and gas companies already have made deep cuts to overhead, and a number of loans come with terms that could make mergers difficult, Chazen says.
It's Time To Call The Shale Gas Revolution As Well As "The Mighty Marcellus" A Bust
2016-02-21 02:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Counter Currents: Here's a February 4, 2016 production graph for the United States shale gas industry It's from David Hughes, who's been a natural gas geologist in Canada and the United States for over 35 years. His data are the latest government production statistics. The writer believes it is the most up-to-date graphic display of "peak shale gas" and "peak Marcellus." These events were predicted by this writer in "2015: Is It The Year Marcellus Shale Gas Peaked And Then Began Falling As Fast As It Rose?" http://www.countercurrents.org/arguimbau210515.htm...
Redding real estate agent arrested in Arkansas pot bust
2016-02-06 02:51:10| Real Estate - Topix.net
A Redding real estate agent was arrested in Pope County, Arkansas, after state troopers said they found 253 pounds of high grade marijuana with a street value over $400,000 after they pulled over the truck she was driving Monday. According to The River Valley Leader , Heidi Hampton, 50, was pulled over Monday afternoon on I-40 in a 1995 Dodge Ram 2500 towing a trailer near the 79 mile marker.
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Key to Surviving the Oil Bust: Beware Bankers Bearing Cheap Debt
2016-01-26 23:02:29| Energy - Topix.net
During the go-go days of $100 oil, bankers swarmed into Travis Stice's office in downtown Midland, Texas, trying to sell him on the wonders of easy credit. He didn't bite, not even when equity analysts groused that Diamondback Energy Inc. would grow a lot faster if he'd just spend more of other people's money.
Key to Surviving the Oil Bust: Beware Bankers Bearing Cheap Debt
2016-01-26 15:19:16| Oil & Gas - Topix.net
During the go-go days of $100 oil, bankers swarmed into Travis Stice's office in downtown Midland, Texas, trying to sell him on the wonders of easy credit. He didn't bite, not even when equity analysts groused that Diamondback Energy Inc. would grow a lot faster if he'd just spend more of other people's money.
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