Panel: Private equity nearly saturated in upstream market
Private equity firms will continue to throw capital at U.S. independent producers despite tell-tale signs that the number of high-quality investment opportunities is shrinking, a panel of private...
View ArticleColorado drillers warn of closures with fines
An attorney for the Colorado Oil and Gas Association industry group told regulators penalties should be waived for minor infractions.
View ArticleSmall oil company to quit drilling amid falling crude
The move makes American Eagle Energy, worth $17 million on the stock market Wednesday, the first U.S. oil producer to completely stall its drilling plans in the face of the 50-percent slide in crude...
View ArticleOil rigs fall by most since 1991
Producers idled the most oil rigs in a single week since 1991, as a more than 50 percent fall in crude prices further impacted drilling.
View ArticleOil at $65 seen freeing 500,000 barrels from shale fracklog
Producers in oil and gas fields from Texas to Pennsylvania have 4,731 idled wells at their disposal.
View ArticleOil majors delay $200 billion of spending, Wood Mackenzie says
Brent crude prices have dropped by half in a year after the Organization of Petroleum Exporting Countries decided to maintain output to defend market share amid a global supply glut.
View ArticleOil industry wins big victory as House OKs crude exports
The House vote to authorize crude exports is a big win for oil producers eager to sell their bounty around the world. But the proposal's real test is in the narrowly divided Senate.
View ArticleOPEC didn’t discuss output cuts with other oil producers
Venezuela has proposed a summit between heads of state from OPEC and other oil-producing nations in November to discuss the price needed to sustain future supplies.
View ArticleRaymond James: $30 oil is worse than anyone expected
The investment bank's bleak outlook means there could be plenty of pain in early 2016 for producers.
View ArticleU.S. oil companies hiked capital spending late last year
U.S. oil companies hiked capital spending the most in half a decade after OPEC’s oil deal late last year, the Energy Department said Monday. These producers raised oil field investments and other...
View Article
More Pages to Explore .....