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U.S. oil output from seven major shale formations is expected to fall to near a two-year low of 7.63 million barrels per day by July, the U.S. Energy Information Administration said on Monday.
Crude-oil production from seven major U.S. shale plays is forecast to decline by 93,000 barrels a day in July to 7.632 million barrels a day, according to a...
A drilling revival may soon be underway in the Permian Basin of West Texas where a flurry of permits for new horizontal wells have been filed.
Lonestar Resources US Inc (NASDAQ:LONE)’s stock price rose 11.7% on Friday . The stock traded as high as $0.88 and last traded at $0.82, approximately 511,764 shares traded hands during trading. An
The job losses have affectected the oil-field services sector the most. The number of oil-field support jobs has decreased by some 20 percent.
Explorers slashed drilling in the world’s biggest shale patch for a 13th straight week as they wrangle with a global pandemic that’s crimping demand for crude and leaving many strapped for cash.
The U.S. rig count fell for the 14th straight week to another record low as energy companies continue to shut down oil-field operations amid low crude prices.
Shale patch production soared from zero to more than 8 million barrels per day in the pre-pandemic world.

A reshaped U.S. oil sector awaits post-pandemic

02:02pm, Wednesday, 10'th Jun 2020
The economics of shale are expected to remain tough for a long time.
Viper Energy Partners (NASDAQ:VNOM) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, BidAskClub rep
Russell Investments Group Ltd. lessened its stake in Earthstone Energy Inc (NYSE:ESTE) by 70.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 216,526 shares of t
UBS Group AG decreased its stake in Viper Energy Partners LP (NASDAQ:VNOM) by 78.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commissi

$190 Oil? J.P. Morgan Thinks It's Possible

12:00pm, Monday, 08'th Jun 2020
J.P. Morgan believes Brent crude could hit $190/barrel by 2025. We believe this figure to be incredibly optimistic but still strongly subscribe to the underlyin
Last week's top-gaining stocks on the TSX were Baytex Energy, Gran Tierra, Athabasca Oil, Seven Generations and International Petroleum.
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