NYSE:CEI
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At Close: Nov 15, 2024
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.
Viper Energy Partners is a major royalty owner of the Permian Basin. The company’s unique asset base benefits as oil prices recover. The company’s asset base wi
EOG Resources has made an above-average reduction in capex and is bracing for a sharp drop in earnings in Q2-2020. EOG Resources' high-quality asset base and co
The U.S. rig count fell below the 300 mark for the first time to the lowest level on record, as energy companies continue to shut down rigs in the face of low oil prices.
Tomball oilfield service company BJ Services plans to expand use of cost-saving technology that can take natural gas produced at a remote drilling site to power hydraulic fracturing operations.

U.S. Oil Output Continues Its Steady Decline

12:26am, Wednesday, 03'rd Jun 2020
New Mexico was one of only three states to increase its production in March. Production was up by 9 kb/d to 1,105 kb/d. California's slow output decline has res
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