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Oil Crash Exposes New Risks for U.S. Shale Drillers
2014-12-19 15:24:37| Oil & Gas - Topix.net
Tumbling oil prices have exposed a weakness in the insurance that some U.S. shale drillers bought to protect themselves against a crash. At least six companies, including Pioneer Natural Resources Co.
Oil Rigs in U.S. Climb as Shale Drillers Face OPEC Challenge
2014-12-06 18:29:00| Oil & Gas - Topix.net
The nation's crude explorers, engaged in a pricing war with the world's largest suppliers, defied predictions of a drilling slowdown and ran the most rigs since mid-November, boosting the U.S. count by three to 1,575, Baker Hughes Inc. said yesterday. Rigs targeting natural gas were unchanged at 344, the Houston- based field services company's website showed.
Tags: face
oil
challenge
climb
Low oil prices hurting some US shale operations; slumping oil prices putting pressure on drillers
2014-10-24 11:55:14| Green Car Congress
Tags: low
prices
operations
pressure
There Has Been A Massive Rout In Oil Drillers And We Might Be Nowhere ...
2014-10-15 20:13:11| Oil & Gas - Topix.net
There Has Been A Massive Rout In Oil Drillers And We Might Be Nowhere Near The Bottom On Wednesday, crude fell below $81 a barrel, its lowest level since 2012 and more than 20% lower than it was this past summer when it was trading above $105. There are numerous possible reasons for and repercussions from this decline, but one sector of the market has really been taking it on the chin as crude has tumbled: oil drillers.
Shale Boom Tested as Sub-$90 Oil Threatens U.S. Drillers: Energy
2014-10-08 12:05:16| Energy - Topix.net
The U.S. shale boom is producing record amounts of new oil as demand weakens, pushing prices down toward levels that threaten to reduce future drilling. Domestic fields will add an unprecedented 1.1 million barrels a day of output this year and another 963,000 in 2015, raising production to the most since 1970, according to the U.S. Energy Information Administration.
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