OklahomaMinerals.com
Oil & Gas News
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7.0KWeekly Rig Count Update: April 17, 2020
Stay updated on Oklahoma oil and gas stories, prices and the weekly rig count. Sign up for our Weekly Newsletter HERE. Only...
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1.8K
Oil Futures Have Dropped Below $12. Crude’s Problems May Get Worse Before They Get Better.
Avi Salzman – Barrons – Oil futures plunged on Monday as an enormous oversupply of crude is building up at U.S. pipelines....
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Oil’s Collapse Is Taking an Entire Oilfield Services Industry Down With It
David Wethe, (Bloomberg) — No one is feeling the pain of an oil collapse more than the shale producers. Except, perhaps, their...
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2.5K
Joint Interest Billings – Not Paying the Piper
By Stephen Clayman – When credit is cheap, commodity prices are adequate, and the wells are economic, it is easy for an...
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Oil in the age of coronavirus: a U.S. shale bust like no other
Reuters – Texas oilman Mike Shellman has kept his MCA Petroleum Corp going for four decades, drilling wells through booms and busts...
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Shale Giants Clash Over Oil-Supply Cut to Survive Crude Rout
By: Kevin Crowley & Rachel Adams-Heard at Bloomberg – One of the biggest Texas shale explorers warned it will halt all drilling...
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North America’s Oil Industry Is Shutting Off the Spigot
By Ryan Dezember and Vipal Monga, Wall Street Journal –ENERGY: Canceled orders were mounting when Texland Petroleum LP recently decided to shut in each of...
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Railroads Resist Oil Companies’ Demands for Storage in Rail Cars Citing Safety Concerns
NEW YORK (Reuters) – Railroads are clamping down on rising demand from oil companies to store crude in rail cars due to...
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US crude storage could fill up in May as refinery demand, oil exports plunge 30%
Jordan Blum – S&P Global Platts – HOUSTON — US commercial crude storage could hit its capacity in mid-May as refinery demand and...
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4.2K
U.S. banks prepare to seize energy assets as shale boom goes bust
Reuters – Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time...
