Unconventional oil and gas operators that is. Bloomberg research indicates numerous companies operating in various US shale plays are severely overleveraged, with interest expenses making up significant double-digit percentages of revenue in many cases. “The list of companies that are financially stressed is considerable,” said Benjamin Dell, managing partner of Kimmeridge Energy, a New York-based… Keep reading →
The “out there” in this case is the Permian Basin in West Texas where Pioneer Natural resources has over 20,000 drilling locations. With over 10,000 net producing wells currently operating, the company has a significant drilling inventory that it plans to tap over the long term, assuming oil prices remain above $80 per barrel and… Keep reading →
The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance,… Keep reading →
With tax reform on the agenda in Washington this year, the oil & gas industry is paying close attention. One idea is to eliminate a provision that allows companies to write off intangible drilling costs. The industry argues this tax incentive allows them to continually invest in capital-intensive drilling programs and the country’s oil and… Keep reading →
On Friday, March 28, 2014, the White House unveiled its comprehensive, interagency strategy to reduce methane emissions as part of President Obama’s Climate Action Plan introduced last summer. The President’s Climate Action Plan proposed three key pillars upon which strategies would be developed for cutting pollution that is believed to cause climate change and damage… Keep reading →
The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance,… Keep reading →
The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance,… Keep reading →
President Barack Obama came into Tuesday’s State of the Union address with some pretty compelling environmental credentials. On his watch, the U.S. has led the world in cutting carbon emissions, the use of renewables has dramatically expanded, and the Obama White House has consistently pushed to raise taxes and increase regulation on the oil and… Keep reading →
A group of fracking protesters in England were arrested Monday when they reportedly glued and chained themselves to gasoline pumps at a retail station they thought was owned by French oil major Total. The group was protesting against the oil company’s regional gas develop operations, but embarrassingly Total no longer owns the station. The service… Keep reading →
The EIA recently said that U.S. oil production will peak at 9.61 million barrels per day by 2019 and thereby nearly match the 9.64 mmb/d record set back in 1970. This is great news for U.S. energy self-sufficiency aspirations. Moreover, as Rex Tillerson, CEO of Exxon Mobil, pointed out in a recent interview:”We’re already the… Keep reading →
