Post Tagged with: "shale producers"

Source: Houston Chronicle

Diamondback Energy shares plunge on lower oil output

Source: Reuters


HOUSTON (Reuters) – Shares of Diamondback Energy Inc plummeted 13% on Wednesday after the oil and gas firm disclosed a dip in third-quarter oil output, raising fresh concerns about well spacing in the top U.S. shale basin.

Diamondback …

Alaska Is the Biggest Bet Yet for Texas’s Anti-Shale Oil Billionaire

Alaska Is the Biggest Bet Yet for Texas’s Anti-Shale Oil Billionaire

From Bloomberg


Hildebrand gained fortune buying old, conventional oil assets, bet may be timely as investors begin to sour on shale

Texas oilman Jeffery Hildebrand became a billionaire by shunning the shale revolution taking place in his home state. Now, …

The New Normal:  U.S. Oil Company Executives Determine Global Supply

The New Normal: U.S. Oil Company Executives Determine Global Supply

With OPEC out, is this what the new normal looks like for the oil and gas industry?

Wednesday’s 1.1 million-barrel build in U.S. crude oil inventories drove West Texas Intermediate crude prices down by roughly a buck.  A couple days …