Roger Diwan, vice president of financial services for IHS, (right) leads a panel of financial industry professionals during IHS CERAWeek in April 2015.

CERAWeek: Investors gambling on oil making U.S. “center” of oil market

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Investors are pouring capital and corporate debt into oil companies because they’re more afraid of missing the upside of an oil-price recovery than making a bad investment – a risky gamble, a private equity fund manager said Tuesday.
(Johnny Hanson/Houston Chronicle file photo)

Halliburton cuts 9,000 jobs as oil slump takes toll

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Oil field services firm Halliburton posted a first-quarter net loss of $643 million as drilling rigs continued to go silent in North American oil fields and producers asked for pricing concessions for services, it said Monday.
(AP Photo/Brennan Linsley)

Schlumberger CEO lays out his plan to weather the crude crash

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The growing re-fracturing business is one that could boost Schlumberger’s suffering bottom line amid tumbling commodity prices.
(Photo by Andrew Burton/Getty Images)

Shale output is falling faster than expected

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Just five months after Saudi Arabia put the market into a tailspin by refusing to cut supply despite a global glut, the shale oil industry will record its first monthly dip since 2013.
(Photo by Andrew Burton/Getty Images)

Cheap crude won’t slow U.S. oil fields by much, EIA says

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The EIA said low oil prices would only cut the nation’s daily production by 700,000 barrels from 2022’s projected 10.4 million barrels.
Oil Boom Shifts The Landscape Of Rural North Dakota

Shale boom to start busting as U.S. output set to fall

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The shale oil bonanza that made millionaires from Texas to North Dakota is slowing down for the first time in years, a sign that painful industry cutbacks are starting to have an impact.
(Victor Dubreuil)

EnCap raises $6.5 billion to pour into North American oil firms

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Private equity firm EnCap Investments has closed its tenth energy fund with $6.5 billion to back North American oil and gas producers, the latest firm to collect billions to pump into the shale business.
(Daniel Acker/Bloomberg)

Reckoning arrives for cash-strapped oil firms amid bank squeeze

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April is a crucial month for the industry because it’s when lenders are due to recalculate the value of properties that energy companies staked as loan collateral.
The Polar Pioneer, a drilling rig contracted by Shell for Chukchi Sea exploration in 2015, is transported across the Pacific on the heavy-lift vessel Blue Marlin. (Photo: Vincenzo Floramo / Greenpeace)

Energy Department study: Shale won’t last, Arctic drilling needed now

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In order for the U.S. to keep domestic production high and imports low, oil companies should start probing the Artic now because it takes 10 to 30 years of preparation and drilling to bring oil to market, according to a draft of the study’s executive summary obtained by the Associated Press.
The sand is needed to keep open cracks in the shale after water and chemicals under high pressure fractures the rock. (Ariana Lindquist/Bloomberg)

Frac sand exec to slumping oil producers: You’re not going to drill your way out of this

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“Every so often we have to reinvent the oil industry again,” says an executive from frac-sand firm Trican Well Service.