Thursday, April 16, 2026
Devon joins shale firms to cut spending as oil hovers at $30- oil and gas 360

Devon joins shale firms to cut spending as oil hovers at $30

Reuters U.S. oil and gas producer Devon Energy Corp on Thursday cut its 2020 spending forecast by $500 million or nearly 30% to about $1.3 billion, joining its shale peers as the industry battles a slump in crude prices. Shale producers, including Occidental Corp and Diamondback Energy Inc, have tightened belt after a price war between Saudi Arabia and Russia

HighPoint Resouces- oil and gas 360

HighPoint Resources provides summary of hedge position

Oil and Gas 360 Approximately 95% of anticipated 2020 oil volume hedged at a WTI price of $58.32 per barrel ensures certainty of cash flows DENVER, March 12, 2020 (GLOBE NEWSWIRE) — HighPoint Resources Corporation (“we”, “us”, or the “Company”) (NYSE: HPR) today provided a summary of the Company’s hedge position. The Company currently has approximately 95% of anticipated 2020

More U.S. oil producers slash budgets amid price rout- oil and gas 360

More U.S. oil producers slash budgets amid price rout

Reuters Devon Energy, Apache Corp and Murphy Oil Corp on Thursday became the latest in a string of North American oil producers to slash their capital spending and drilling plans as crude prices tumble. Oil producers have been scaling back spending since the last price crash in 2014, and the latest cuts come as the coronavirus outbreak crimps demand and

Oil drops as much as 8%, on pace for worst week in more than a decade- oil and gas 360

Oil drops as much as 8%, on pace for worst week in more than a decade

CNBC Oil prices dropped as much as 8% on Thursday as crude continues to take a hit on both the supply and demand side. U.S. West Texas Intermediate crude is now down more than 25% this week, putting it on track for its worst week since December 2008, and its third largest weekly decline on record. On Thursday WTI fell $2.04, or

Russian producers are ready to survive flood of Saudi crude- oil and gas 360

Russian producers are ready to survive flood of Saudi crude

Houston Chronicle A flood of discounted Saudi crude is heading for Europe, but Russia might just have the only producers in the world equipped to compete with it. With some of the world’s lowest production costs, a flexible tax system and a free-floating ruble, Russian companies can keep pumping, even in an extremely bearish price scenario, analysts from Bank of