Displaying 10 out of 20 results

  1. A trader waits for the opening of Whiting Petroleum's stock at the post where it is traded on

    US shale company Whiting becomes first major bankruptcy of oil-price crash

    Shale producer Whiting Petroleum Corp said on Wednesday it filed for Chapter 11 bankruptcy, the first major casualty of a free fall in crude ...
  2. EOG Resources Chairman and CEO Papa speaks during the IHS CERAWeek energy conference in Houston

    Shale pioneer Mark Papa to retire as Centennial Resource's CEO, chairman

    Centennial Resource Development Inc said on Monday shale pioneer and Chief Executive Officer Mark Papa would retire at the end of May.
  3. Oil production equipment is seen in a Halliburton yard in Williston

    Halliburton takes US$2.2 billion charge on shale slump

    Halliburton Co swung to a loss in the fourth-quarter as it took a charge of US$2.2 billion on its fracking business due to falling demand from oil ...
  4. Pump jacks operate at sunset in Midland

    US shale producers to tap brakes in 2020 after years of rapid growth

    Vastly slower US oil growth this year and the prospect of a plateau for the world's top oil producer have signaled a new and unfamiliar era of ...
  5. FILE PHOTO: Chevron oil exploration drilling site near Midland

    US oil output growth slows: just how much is anyone's guess

    U.S. oil producers could expand daily output by 1 million barrels next year, or by as little as 100,000 barrels, with the wide gap creating huge ...
  6. FILE PHOTO: Natural gas flares off at a production facility near Carlsbad

    Shale CEO calls out industry for Permian Basin gas flaring

    Pioneer Natural Resources Chief Executive Scott Sheffield on Tuesday called on producers in the top U.S. shale field to limit natural gas flaring ...
  7. A general view of a refinery in Hobbs

    Investors brace for poor US shale earnings amid weak oil and gas prices

    Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have ...
  8. FILE PHOTO: Logo of Swiss bank UBS is seen in Zurich

    UBS, Simmons Energy pare bankers as shale M&A slows: sources

    UBS Group AG and the energy arm of Piper Jaffray Companies have cut staff in their oil and gas investment banking teams, three people familiar ...
  9. FILE PHOTO: Oil production equipment is seen in a Halliburton yard in Williston

    Halliburton vows more cost cuts as shale demand dwindles, shares rise

    Oilfield services provider Halliburton Co reported a 32per cent slump in quarterly profit on Monday, hit by a slowdown in shale drilling in North ...
  10. Piece of equipment stands in the ProPetro yard before being sent to a fracking site in Midland

    Oilfield services firm ProPetro cuts almost 150 workers: Sources

    ProPetro this month cut about 150 workers, people familiar with the matter said on Monday, the latest sign of growing trouble in the oilfield ...