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(Ken Childress/Rosetta Resources)

Noble Energy to buy Rosetta Resources for $2.1 billion

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Noble Energy will buy Rosetta Resources in a $2.1 billion deal that gives Noble a footprint in the Eagle Ford and Permian Basin, two of the largest shale plays in the United States.
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.
(Daniel Acker/Bloomberg)

EIA: Eagle Ford production will slow in April

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Oil production from the six largest shale plays in the U.S. will hit 5.6 million barrels per day in April, an increase of less than 300 barrels per day over March.
(Photographer: Eddie Seal, Bloomberg)

U.S. rigs are being idled, but the oil boom is not ending

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The industry has become better at blasting crude out of deep underground layers of rock, according to productivity data tracked by the EIA in the major shale prospects.
(AP Photo/Sue Ogrocki, File)

Rosetta Resources to cut 2015 spending

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The company also said it would pare back the number of drilling rigs it will use and announced plans to refocus more of its budget on the Permian Basin.
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Apache to cut North American spending

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Apache will cut its North American spending from $5.4 billion to $4 billion, the company told analysts at a presentation in New York, but it said it will be able to spend that money more efficiently.
Growing concern about water use during hydraulic fracturing prompted the Railroad Commission to adopt new rules for water recycling.  Photo: Daniel Acker/Bloomberg

Water outreach should be a priority for drillers, report says

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Oil companies don’t have the best reputations in the communities where they drill, and can be seen as threats to local water supplies.
(AP file photo)

Permian crudes weaken after Sunoco pipeline spill

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Crude extracted from the largest U.S. oil field weakened against the U.S. benchmark after producers lost access to Midwest markets when a 4,000-barrel spill in Louisiana forced the shutdown of a key pipeline.
Targa Resources is provider of midstream natural gas and NGL services. Targa employees are working at the Galena Park terminal. Photo: NA / HC

Targa Resources to acquire Atlas for $5.9 billion

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The acquisition will create a company with a presence in four of the top five basins by active rig count.
The West Texas sky silhouettes a Linn Energy pumpjack in the Permian basin. (Linn Energy)

Eagle Ford, Permian drilling production surges

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According to the Texas Petro Index, oil production in Texas rose almost 20 million barrels.