Boom Goes Bust: Texas Oil Industry Hurt By Plunging Oil Prices

By now, both producers and midstream companies are aware of the Bankruptcy Court decisions in the Sabine bankruptcy proceedings.

Texas Oil Companies Work To Adapt To Falling Oil Prices

Prior to the recent collapse in oil values, prices existed at over $100 a barrel for over three years. It made the economics of oil exploration, production and sale comparatively straightforward, but embedded costs into the industry.

The Shale Bankruptcy Boom Moves Midstream

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

The shale boom has given rise to another, less welcome boom: the bankruptcy boom.

Trucks with TRU waste

On May 4, 2016, the Environmental Integrity Project, National Resources Defense Council, Earthworks; Center for Health, Environment and Justice; and three other environmental groups filed a complaint in the U.S. District Court for the District of Columbia

Oil Price Rise Sees Increase in Suez Canal Traffic

The prolonged turbulence in oil prices has brought cost reduction programmes, the shelving of projects, and insolvencies in the oil field services (OFS) and exploration and production (E&P) sectors — and has presented a once in- a-generation buying opportunity.

August 2015: Energy Litigation Update

Downturn In Oil Prices Rattles Texas Oil Economy

The collapse of oil prices in the latter half of 2014 has led to SEC scrutiny of exploration and production (E&P) company compliance with rules regarding the calculation and reporting of proved reserves.

Kinetic Energy Staffing Logo

Dallas-based privately held E&P seeks to hire a Senior Drilling Engineer. Qualified candidates will have a bachelor’s degree in engineering and a minimum of 12 years of experience with both service companies and operators (3-4 years maximum on the service side). Candidates with domestic horizontal drilling experience will be shown preference.   The Senior Drilling… Keep reading →

50,000 Descend Upon Rio De Janeiro For Rio+20 Earth Summit

The spread between benchmark crude oil prices for WTI and Brent recently widened to over $10 per barrel after reaching parity this past summer, and signals indicate this is partially due to an oversupplied US Gulf Coast refining center. It also suggests that equity investors might want to be wary of US Exploration & Production… Keep reading →

Last-Minute Tax Filers Rush To Finish Returns

Tax reform may not be the sexiest topic, but it’s an extremely important issue for oil and gas companies with strict investment criteria and some of the highest up-front costs of any industry. The words “subsidies” and “incentives” are often mixed up and thrown around in the energy business to either promote or denounce policies… Keep reading →