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Stock Market Rout Doubles Pain For Oil Firms That Took Shares For Deals
2020-03-17 10:10:00| OGI
EnCap Investments pulled off a rarity in the U.S. shale business earlier this month with the sale of Felix Energy to rival WPX. However, EnCap's big payday proved short-lived.
Saudi-Russian Oil Price War Unlikely To End Soon
2020-03-16 22:30:00| OGI
Several industry experts agree that the Russian move was directly targeted at the U.S. shale oil industry, which will bear the brunt of the price war.
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.
Coronavirus Case Forces Equinor To Pause Martin Linge Oil Project
2020-03-16 14:36:36| OGI
The oil industrys first coronavirus case on an offshore installation, reported on March 11, highlighted the challenge of preventing contamination for thousands of workers living in close quarters on rigs and platforms.
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