(RJ Sangosti/The Denver Post via Getty Images)

North American oil spending to plunge $58 billion, Barclays says

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North American oil producers and oil field service firms are expected to cut deep into the U.S. shale boom.
Waiting For Bust

Texas city that prepared for oil boom now waits for bust

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Sweetwater envisioned becoming a major player in the hydraulic-fracturing boom, thanks to its location atop the Cline Shale, once estimated to be the nation’s largest underground petroleum formation.
Photographer: Ty Wright/Bloomberg

Small Texas oil company files for bankruptcy protection

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Austin-based WBH Energy Partners told a Texas federal bankruptcy court this week that its partner in North Texas oil and gas leases had warned it may foreclose on the private firm’s stake in the leases this month after it failed to pay its $12 million share of operational expenses.
In search of natural gas, Jacob Spraggins with Helmerich & Payne works on a drill in the Piceance Basin on the western slope of the Rocky Mountains, Monday, June 22, 2009, in Rio Blanco County. (Johnny Hanson / Chronicle)

Oil driller says its high-tech rigs can’t compete with cheap crude

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An Oklahoma oil driller expects 40 to 50 of its souped-up drilling machines to come off the market over the next month.
(Ty Wright/Bloomberg file)

Oil company cuts spending but expects production growth

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Concho is the latest U.S. oil company to hack its 2015 spending.
(AP Photo/Sue Ogrocki, File)

Small oil company to quit drilling amid falling crude

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The move makes American Eagle Energy, worth $17 million on the stock market Wednesday, the first U.S. oil producer to completely stall its drilling plans in the face of the 50-percent slide in crude prices since this summer.
(Helge Hansen / Statoil)

Chesapeake ups payment amount in leaseholders suit

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A subsidiary of energy giant Chesapeake Energy is increasing the amount it will pay to settle a federal lawsuit over natural gas drilling royalties for Pennsylvania landowners.
(Ty Wright/Bloomberg file)

Vertical rigs dropped first as producers pull back

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Baker Hughes data shows the rig count falling across the board, but with the sharpest falloff in vertical rigs.
(AP Photo/Matthew Brown)

Bakken Club gets evicted as oil plunge tests shale boom

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The club owed $21,598 for rent plus $1,329.90 in late fees, the landlord, On The Spot Development LLC, said in a Nov. 25 complaint.
Gas drilling sites in Arkansas for Southwestern Energy.
(photo: Southwestern Energy)

Southwestern Energy to buy more Marcellus, Utica acreage

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Southwestern Energy Co. said Tuesday it is planning to snap up Statoil’s 20-percent stake in oil and gas assets in West Virginia and southwest Pennsylvania for $394 million, just a day after closing its biggest-ever deal with Chesapeake Energy in the region.