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Swift gave an insightful breakdown of what it costs the company to produce oil and get it to market, as well as the level of cost-cutting companies have been making:
FuelFix Voices contributor Matt Smith writes about contrasting repercussions from the oil price drops.
BP will raise $486 million selling its stake in a natural-gas transportation system in the U.K. North Sea.
There are nearly 1,400 wells in the Eagle Ford Shale that have been drilled but not completed, according to new analysis from the firm IHS. Oil prices are hovering around $50 per barrel, down by half since last summer. And some Eagle Ford oil producers have been drilling but not fracking wells.
The Houston-based exploration firm plans to move into former Exxon Mobil space in the Five Greenspoint Place 19-story building at 17001 Northchase Drive.
More than five years of rising oil prices spurred thriving sales of million-dollar trophy homes in Calgary and a doubling of home prices in the last decade.
Pioneer reported late Tuesday a profit of $431 million or $2.91 per share.
The two companies said they could make money on the expected $1.1 million in monthly revenue from oil production in the Eagle Ford Shale even if oil prices were at $50 a barrel.
Swift shares have fallen 79 percent since June 20, when oil prices peaked in 2014.
The cut reflects lower spending on major projects, several of which are nearing completion.