Permian Basin
News
April 07, 2020
Collapsing oil prices are having at least one positive side effect: less flaring in North America’s biggest shale field.
News
April 07, 2020
The largest U.S. oil-producing state hasn’t restricted crude production in almost 50 years, but a growing chorus of explorers and related industries are advocating just such a move.
News
April 07, 2020
Halliburton is making reductions to its field staff in Oklahoma and Texas, including its Duncan field camp, as the company continues to adapt to a new market normal following a crash in shale exploration.
News
April 02, 2020
Texas Railroad Commission Chairman Wayne Christian
News
April 01, 2020
The bruised and battered U.S. shale industry is poised to emerge from the oil crash a winner, according to Goldman Sachs Group Inc.
News
April 01, 2020
“We have made substantial progress on our organizational redesign initiative, which began in the fall of 2019. This is enabling more flexible resource allocation and increased collaboration while delivering cost savings that are critical in the current environment,” said John J. Christmann, Apache’s chief executive officer and president.
News
March 30, 2020
Pioneer Natural Resources Co. and Parsley Energy Inc. are asking Texas oil regulators for an emergency meeting to consider curbs on state output as a collapsing oil market envelops the nation’s biggest crude-producing state.
News
March 27, 2020
The American shale industry shocked the world with its rebound after the 2014-2016 bust, setting records for output that pushed the U.S. to the top spot among oil-producing countries. A handful of experts is saying that will happen again.
News
March 27, 2020
The oil industry’s meltdown is accelerating as explorers shut down scores of drilling rigs across the U.S. in response to cratering crude prices and expanding supply gluts.
News
March 25, 2020
In an exclusive World Oil guest editorial, Wayne Christian, Chairman, Railroad Commission of Texas says time is of the essence to identify and implement a solution to global oil market turmoil.
News
March 25, 2020
Equinor says the company can be organic cash flow neutral before capital distribution in 2020 with an average oil price around $25/bbl for the remaining part of the year.
News
March 24, 2020
Two of the world’s biggest oilfield service companies are warning of a bigger shale crash than the one that hit the U.S. and Canada just five years ago.
News
March 24, 2020
Chevron became the latest oil company to take an ax to its budget, cutting capital expenses by $4 billion and suspending its share buybacks.
News
March 23, 2020
Activist investor Carl Icahn is nearing a truce with Occidental Petroleum Corp. that will see three new directors appointed to the oil company’s board, according to people familiar with the matter.
News
March 23, 2020
Oil dropped toward the lowest level since 2003 as prospects for a deal between OPEC and Texas to limit production appeared to fade, while a U.S. coronavirus rescue package ran into political delays.
News
March 20, 2020
Occidental Petroleum started reaching out to debt and equity investors about how to ease its $39 billion debt load after collapsing oil prices cast doubt on plans to raise cash via asset sales.
News
March 20, 2020
Kurt and Cameron discuss the week's oil price swings, and the developing palace intrigue at Texas' oil regulator as a commissioner is invited to the next OPEC meeting after suggesting a joint agreement to reduce oil production.
News
March 20, 2020
One of the most powerful officials in the biggest U.S. oil state has been invited to OPEC’s inner sanctum in June in a rare rapprochement between two historically antagonistic crude powers.
News
March 20, 2020
The United States recently became the largest producer of oil and natural gas in the world, producing a record 12.4 MMbbl in August 2019. Texas is responsible for about 40% of this production.
News
March 20, 2020
One of the most painful busts in the history of crude oil happened just six years ago, when a sharp price drop cost 200,000 industry professionals, almost half the entire workforce, their jobs.
