Oil & Gas News
$60 is the new $50 for U.S. drillers contemplating rebound Posted on Thursday January 01, 1970
For U.S. oil drillers, $60 is the new $50.Earlier this year, oil and natural gas companies facing the worst slump in a generation said they’d need crude to reach $50/bbl before resuming drilling.
U.S. explorer Halcon Resources files for bankruptcy Posted on Thursday January 01, 1970
Halcon Resources Corp., the oil and gas explorer founded by wildcatter Floyd Wilson, filed for bankruptcy as part of a restructuring agreement reached with key lenders in May.
U.S. shale gas shaking up global markets as LNG supply surges Posted on Thursday January 01, 1970
Shale drillers from Pennsylvania to Texas flooded the U.S. with so much natural gas over the past decade that prices slid to a 17-year low. Now they’re going global, with the potential to upset markets from London to Tokyo.