One emerging theme at CERA Week, currently underway in Houston, is the need for major oil companies to reduce capital expenditure amid range-bound oil prices and escalating costs. Chevron CEO John Watson reportedly said “One hundred dollars per barrel is becoming the new $20, in our business.” So ostensibly oil prices need to increase by… Keep reading →
Continental Resources’ Chariman and Chief Executive Harold Hamm will not lose his controlling interest in the company as a result of divorce proceedings, according to an Oklahoma District Court judge. Continental is one of the largest oil producers operating in the Bakken Shale and Hamm’s roughly 124 million shares in the company are estimated to… Keep reading →
