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shale

(ALEXANDER KLEIN/AFP/Getty Images

Speculators retreat from oil as OPEC oversupply crowds out shale

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Saudi Arabia, OPEC’s biggest member, is ready to produce more oil if demand rises, Oil Minister Ali-Al Naimi said June 18. It has 1.5 million to 2 million barrels a day of spare capacity, he said.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

The shale industry could be swallowed by its own debt

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The problem for shale drillers is that they’ve consistently spent money faster than they’ve made it, even when oil was $100 a barrel.
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Colorado energy companies take trespassing claims to court

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Encana Corp. has sued WPX Energy, saying WPX knowingly drilled a well that passed horizontally through Encana’s mineral estate in the Parachute Creek area without getting Encana’s permission.
(Image: Fotolia)

Oil drilling in Montana taps out

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Montana drilling has been very limited during the Bakken oil boom, but it’s been decades since the state was without a single drilling rig.
Ryan Lance, ConocoPhillips CEO, speaks during the opening panel discussion of the 2015 IHS Energy CERAWEEK. (Brett Coomer/Houston Chronicle)

Shale is ‘here to stay’ Conoco chief tells OPEC

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In June 2012, when Lance spoke at the last biennial seminar held by the Organization of Petroleum Exporting Countries, the U.S. was pumping 6.2 million barrels a day. Now, it produces 9.5 million barrels at day, the highest since 1972.
In this Wednesday, May 13, 2015 photo, Henry Plange, a power generation engineer, checks temperatures of solar panels at the Space Coast Next Generation Solar Center, in Merritt Island, Fla. Industry experts rank Florida third in the nation in rooftop solar energy potential but 13th in the amount of solar energy generated. (AP Photo/John Raoux)

Solar as fastest growing U.S. power source rivals shale boom

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Solar power capacity in the U.S. has jumped 20-fold since 2008 as companies including Apple Inc. use it to reduce their carbon footprint. Rooftop panels are sprouting on homes from suburban New York to Phoenix, driven by suppliers such as SolarCity Corp. and NRG Energy Inc.
Categories: Shale, Solar
(ALEXANDER KLEIN/AFP/Getty Images

OPEC seen backing Saudi Arabia’s plan to keep supplies elevated

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Crude plunged for eight of nine weeks prior to the group’s November gathering, when the kingdom faced down opposition from the majority of fellow members, who advocated output reductions to tackle a global glut.
Oil Boom Shifts The Landscape Of Rural North Dakota

Despite dramatic drop in rigs, Bakken’s sweet spots remain attractive

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The Bakken has seen a dramatic decline in horizontal rigs since prices collapsed last year, but the play’s sweet spots remain attractive, especially as oil prices begin to inch upward, a new analysis finds.
Marathon Bakken drilling

‘Shale-ionaires’ suffering from wave of bankrupt oil drillers

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A rebound in oil prices that bottomed near $44 a barrel in March has provided some relief to stronger companies that have been able to compensate with cost cuts and more efficient operations. For many smaller, cash-strapped producers, current prices of almost $60 still aren’t enough to make ends meet compared to the $100-plus prices seen during the boom days.
(Spencer Platt/Getty Images)

Just 38 miles apart, one Texas oil town is still booming and the other is dead

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For the townspeople of Karnes City, it’s like nothing ever changed: Roughnecks pack into Stripes gasoline station by the dozens to load up on Doritos and Slim Jims at the end of their shift; giant drilling rigs dominate the horizon in all directions; and the roar of tanker trucks and industrial machinery is never-ending.