Halcón to pull back from Tuscaloosa Marine Shale
The decision underscores the wide disparity between the economics of established shale plays and younger ones. More »
Halcón to slash spending, cut rigs as oil prices fall
Although Halcón posted a $186.9 million profit and saw production surge 16 percent in the third quarter, the Houston-based independent oil and gas company said falling oil prices necessitate a more conservative approach in 2015. More »
Texas leads nation in oil field job growth
The resurgence in domestic drilling made possible by new techniques like hydraulic fracturing and horizontal drilling has created thousands of new jobs since the recession, and nowhere is that more evident than the Lone Star State. More »
BHP Billiton to export condensate overseas
BHP Billiton is preparing to export a processed, ultra-light oil overseas without the government’s explicit authorization — a move likely to be mimicked by other energy companies eager to sell crude to foreign buyers. More »
Marathon remains committed to shale drilling despite falling oil price
Despite falling oil prices, Marathon Oil said it remains committed to key U.S. shale plays. More »
Marathon’s profit falls 24 percent on crude price slump
Marathon Oil reported a 24 percent drop in third-quarter profit, as lower crude prices offset higher production. More »
Cabot’s profits soar 44 percent on climbing production
The Houston energy producer posted record high production thanks largely to its footprint in the Marcellus Shale and Eagle Ford Shale. More »
Oil rout goes unnoticed in Eagle Ford shale
U.S. benchmark West Texas Intermediate oil has dropped 24 percent from its June high, but oil workers in the Eagle Ford shale can’t help but feel optimistic. More »
Oil rigs slump by most in two months after prices slide
Rigs targeting oil in the U.S. fell by the most in two months as producers curbed drilling following the biggest price rout since 2012. More »
Investor says Swift Energy needs to cut debt
Swift Energy’s debt has ballooned to nearly $1.2 billion and has shareholders nervous. More »
Frac sand company sees IPOs today, mergers tomorrow
It’s a good time to be among the handful of companies providing sand to the oil industry — one of the largest projects that the market will grow 30 percent in 2014. More »
Proposed LNG plant aims to fuel drilling rigs, pressure pumpers
Drilling companies in the booming Permian Basin may soon have an option to power their heavy-duty equipment with the same stuff they’re pumping from the ground. More »
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