Post Tagged with: "shale producers"

Source: Reuters

Third-quarter profits to sparkle for shale producers without hedges

Reuters


With oil and gas prices at multi-year highs, U.S. shale producers are poised to deliver the strongest earnings since the onset of the coronavirus pandemic, so long as they didn’t lock in sales tied to much lower prices.

Sky-high …

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 …