Category: Shale

Shale boom redraws oil routes as Alaska ships to Korea

South Korea received this month a shipment of Alaskan oil for the first time in at least eight years and may buy more.  More »

U.S. crude output rises to highest since 1980s on shale boom

U.S. crude production climbed to the highest level in at least three decades last week as the shale boom moved the country closer to energy independence.  More »

OPEC head tells oil market to stop panicking about prices

Crude collapsed into a bear market this month as Saudi Arabia and other producers deepened price discounts for their oil.  More »

Anadarko profits jump on U.S. oil production

Anadarko Petroleum Corp.’s net income surged fivefold in the third quarter.  More »

Mercedes drivers stung by shale boom’s quirks at the pump

The shale oil boom is proving far less kind to Mercedes-Benz drivers than it is to those sitting behind the wheel of a Toyota Camry or Chevrolet Impala.  More »

Chesapeake files SEC papers to get IPO filing fee back

A unit of Chesapeake Energy on Friday filed regulatory papers to cancel its $862.6 million public offering — because it had already made its Wall Street debut under another name.  More »

Markets for advanced rigs rising, Nabors CEO says

Rising prices for the Bermuda rig contractor’s most advanced machines are helping Nabors crank out more of them for operators in U.S. shale plays.  More »

Wilbur Ross sees profits for Texas shale as Venezuela struggles

Wilbur Ross, the investor who’s made billions betting on on-out-favor industries, is bullish on Texas oil after its recent tumble.  More »

Oil price could bite companies whose production made it cheaper

The companies that helped turn around the domestic oil supply situation now face lower profits because crude’s become so plentiful it’s getting cheaper.  More »

Government lags in measuring gush of U.S. crude

The federal Energy Information Administration relies on state agencies for data about oil production, sometimes two years late. For natural gas, the EIA is collecting data from an outdated survey of producers in five states that was designed before technological advancements opened up new plays across the country.  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 »

Tesoro Logistics buying QEP’s gas processing business

Tesoro Logistics LP agreed to buy QEP Resources natural-gas gathering and processing business for $2.5 billion in cash to expand in the Rocky Mountain region and North Dakota.  More »
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