Displaying 10 out of 22 results

  1. FILE PHOTO: A pump jack on a lease owned by Parsley Energy operates in the Permian Basin near Midla

    US shale companies to boost oil output by 500,000 bpd by month-end

    U.S. shale producers are expected to restore roughly half a million barrels per day (bpd) of crude output by the end of June, according to crude ...
  2. FILE PHOTO: An oil pumpjack operates near Williston

    US shale bust slams rural economies as oil checks shrivel

    Royalties from oil pumped on Paul Ruckman's land allowed the South Texas retiree to build a six-bedroom, seven-bathroom vacation home. He had ...
  3. Halliburton and Baker Hughes announced their would-be tie-up in November 2014 as oil prices were in

    Commentary: After years of being the golden boy, will US shale go bust?

    US oil companies have feasted on a decade-long diet of rampant liquidity thanks to very low short-term interest rates and quantitative easing, ...
  4. FILE PHOTO:  Storage tanks stand on a Continental Resources oil production site near Williston

    US oil firm Continental Resources halts shale output, seeks to cancel sales

    The largest oil producer in North Dakota has halted most of its production in the U.S. state and notified some customers it would not supply crude ...
  5. Oil pump jacks work at sunset near Midland, Texas

    Oil gains as US shale production set to fall sharply

    Oil prices rose on Tuesday after a U.S. agency said shale output in the world's biggest crude producer would fall by the most on record in April, ...
  6. 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 ...
  7. 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.
  8. 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 ...
  9. 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 ...