Oil Boom Shifts The Landscape Of Rural North Dakota

S&P: Producers could face more serious cash crunch by year end

In a report released Friday, Standard & Poor’s Rating Service said it has downgraded credit ratings for oil companies 26 times this year and has only issued three upgrades. And its gloomy assessments will likely continue to stay well ahead of positive ones over the next year, especially if capital market investors and lenders pull back in coming months.
Linn Energy execs ring closing bell at Nasdaq

Linn Energy among hardest hit E&Ps on Wall Street

Jeff Tillery, Houston-based managing director and head of research at Tudor, Pickering, Holt & Co., said Linn’s dip in value made sense because the large offering coincided with a bad day for oil prices.
T. Boone Pickens speaks at the 2014 LNG Conference Jan. 22, 2014, in Houston.  (Eric Kayne/For the Chronicle)

T. Boone Pickens makes stock picks amid oil slump

Energy mogul T. Boone Pickens, who has said many times he believes oil prices are headed higher, snapped up shares in a U.S. rig contractor and a pair of oil tanker operators in the first quarter.
(Image: Fotolia)

Costs are dropping in the Eagle Ford, producer says

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:
Furmanite service technicians install a custom-engineered leak sealing enclosure to prevent their client from having to shut down a process unit. (photo: Furmanite)

Investor proxy battle comes to a head at embattled Houston company

The on-site machining company for energy infrastructure and industrial plants saw its chairman resign and its corporate board expanded to welcome three activist investors who had accused the corporate leadership of ineptitude and cronyism.

Apache takes big writedown, report loss for the quarter

Apache Corp. reported a $4.7 billion writedown because of falling oil and natural gas prices, leading the company to declare a $4.65 billion net loss for the first quarter.
(Photographer: Jamie Schwaberow/Bloomberg)

Anadarko writes down $3.7 Billion in value from Utah field

Anadarko Petroleum Corp. reported its biggest quarterly loss in more than a decade after writing down the value of a single field in Utah by $3.7 billion.
The Ocean Monarch (Image: Diamond Offshore)

Diamond Offshore sees drilling rig downturn ‘lower for longer’

Exploration and production customers have canceled more than $4 billion of future work for offshore rig owners globally, Chief Executive Officer Marc Edwards said Monday on a first- quarter earnings conference call.
(AP Photo/Paul Sakuma, File)

Chevron earnings fall 50 percent along with crude prices

The San Ramon, California-based company said Friday that its average realized price for a U.S. barrel of crude was $43 in the first quarter of 2015, compared to $91 per barrel in the same three months last year.
(AP Photo/ Louis Lanzano)

Wall Street models fail as Big Oil crushes estimates

Exxon Mobil Corp., BP Plc and other major oil producers beat analysts’ profit estimates by an average of 46 percent for the first quarter, according to data compiled by Bloomberg