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EIA: US Shale Oil Output To Rise To Record 9.08 Million Barrels Per Day In April

2020-03-16 20:47:04| OGI

Output from the Permian Basin of Texas and New Mexico, is expected to rise 38,000 bbl/d to a record 4.79 MMbbl/d, data from the U.S. Energy Information Administration (EIA) showed.

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Few US Shale Producers Can Withstand Prolonged Oil Price War, Analysts Say

2020-03-16 18:15:44| OGI

Just 16 U.S. shale companies operate in oil fields where the average new well costs are below $35 per barrel, according to Rystad Energy.

Tags: price war say oil

 
 

Post-Meltdown: Expect Surge Of Shale Bankruptcies, Experts Say

2020-03-10 16:26:13| OGI

A wounded oil and gas industry enjoys better numbers the day after prices plummeted, but steep debt will likely bring about a wave of M&A, bankruptcies and litigation.

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Marathon Joins Growing Number Of Shale Producers Slashing Spending

2020-03-10 16:15:29| OGI

Analysts with Tudor, Pickering, Holt & Co. applauded Marathon Oils swift reduction, but noted more cuts might be needed.

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US Shale Producers Prepare To Adjust Amid Volatility, Coronavirus

2020-03-09 23:00:00| OGI

Continued fears about the coronavirus, demand uncertainty and OPEC moves are adding to a growing list of challenges for U.S. shale players.

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