SHALE

SHALE

Displaying 10 out of 21 results

  1. A pump jack on a lease owned by Parsley Energy operates in the Permian Basin near Midland

    Shale producer Pioneer Natural to buy rival Parsley for US$4.5 billion in all-stock deal

    Pioneer Natural Resources Co said on Tuesday it would buy smaller rival Parsley Energy Inc for US$7.6 billion, including debt.
  2. FILE PHOTO: A horizontal drilling rig on a lease owned by Parsley Energy operates in the Permian Ba

    US shale mergers accelerate, as Pioneer-Parsley deal joins roster

    Consolidation in the U.S. shale industry is accelerating, ratcheting up pressure on oil and gas producers to gobble up smaller rivals, analysts ...
  3. The logo for ConocoPhillips is displayed on a screen on the floor at the NYSE in New York

    ConocoPhillips to buy Concho Resources for US$9.7 billion in 2020's top shale deal

    ConocoPhillips said on Monday it would buy Permian-focused driller Concho Resources Inc for US$9.7 billion, the largest shale deal this year as ...
  4. A drilling rig on a lease owned by Oasis Petroleum performs logging operations in the Permian Basin

    Oasis Petroleum files for bankruptcy as shale slump drags on

    Oasis Petroleum Inc filed for Chapter 11 bankruptcy protection on Wednesday, the latest U.S. shale producer to seek court-aided restructuring as ...
  5. FILE PHOTO: An energy installation on a property leased to Devon Energy Production Company by the C

    Devon-WPX deal offers a playbook for future shale consolidation

    The latest business combination in the U.S. shale patch is signaling a path forward for the troubled sector.
  6. A WPX Energy natural gas drilling rig in Parachute, Colorado

    Devon Energy to buy shale peer WPX for US$2.56 billion in Delaware push

    U.S. shale producer Devon Energy Corp said on Monday it would buy peer WPX Energy Inc in an all-stock deal that would create a combined company ...
  7. A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma

    US shale producers Devon, WPX Energy in merger talks

    U.S. shale producer Devon Energy Corp is in talks to acquire rival WPX Energy Inc in an all-stock transaction that would create a combined company ...
  8. The exterior of a Schlumberger Corporation building is pictured in West Houston

    Eying a shale rebound, Liberty Oilfield strikes deal with Schlumberger

    Liberty Oilfield Services' acquisition of Schlumberger's shale fracking business will make it the third-largest oilfield services firm by North ...
  9. FILE PHOTO: A flare burns excess natural gas in the Permian Basin in Loving County, Texas

    Second US shale boom's legacy: Overpriced deals, unwanted assets

    Oil and gas companies plunged over US$156 billion into corporate takeovers and land deals during the second U.S. shale boom, in a massive bet that ...
  10. FILE PHOTO: Drill pipe is seen on an oil lease in the Permian Basin near Wink

    Bounceback in US shale oil output is unlikely to last the summer

    A reopening of some major economies locked down due to the coronavirus has lifted global oil prices and encouraged U.S. shale producers to return ...