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Itochu sells back its $1bn US shale stake to Samson for $1

2015-06-24 01:00:00| Hydrocarbons Technology

Japanese Itochu has sold its 25% stake for shale oil assets in the US, back to Samson Resources for $1.

Tags: back sells stake samson

 

The shale industry could be swallowed by its own debt

2015-06-20 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: The debt that fueled the U.S. shale boom now threatens to be its undoing. Drillers are devoting more revenue than ever to interest payments. In one example, Continental Resources Inc., the company credited with making North Dakotas Bakken Shale one of the biggest oil-producing regions in the world, spent almost as much as Exxon Mobil Corp., a company 20 times its size. The burden is becoming heavier after oil prices fell 43 percent in the past year. Interest payments are eating up more than...

Tags: its own industry debt

 
 

Oil prices fall on Friday over higher US shale output forecast

2015-06-19 01:00:00| Offshore Technology

Oil prices have dropped below $64 a barrel following a higher shale output forecast in the US.

Tags: friday prices fall higher

 

Opinion: The Dark Side Of The Shale Bust

2015-06-17 12:55:44| Green Car Congress

Tags: side opinion dark bust

 

06.17.15 -- Treatment Systems Special Edition: Steady Shale Means Opportunity For Water Reuse

2015-06-16 02:45:17| oilandgasonline Home Page

06/17/15 Oil and Gas Online Newsletter

Tags: special means systems water

 

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