National Energy Correspondent for @Reuters with triathlons/marathons on the side. @ColumbiaJourn & @UMaine alum. Let's talk: 713-210-8512 ernest.scheyder@tr.com

Shale industry's health expected to worsen

worldoil.com — By ERNEST SCHEYDER on 2/3/2016 HOUSTON (Reuters) -- The latest blow to the energy industry's collective psyche has been inflicted by National Oilwell Varco Inc, with the giant oilfield equipment maker warning the pace of drilling and fracing will only slow more as 2016 drags on.

Barometer of shale oil industry's health warns agony to get worse

reuters.com — HOUSTON The latest blow to the energy industry's collective psyche has been inflicted by National Oilwell Varco Inc, with the giant oilfield equipment maker warning the pace of drilling and fracking will only slow more as 2016 drags on.
Feb 03, 2016

A key barometer of the oil industry's health just made a very dire warning about the rest of 2016 reuters.com/article/us-usa…

Feb 03, 2016

Grim to grimmer: National Oilwell, major oilfield equipment maker, dashes hopes for industry turnaround in 2016. mobile.reuters.com/article/idUSKC…

Barometer of shale oil industry's health warns agony to get worse

reuters.com — HOUSTON Feb 3 The latest blow to the energy industry's collective psyche has been inflicted by National Oilwell Varco Inc, with the giant oilfield equipment maker warning the pace of drilling and fracking will only slow more as 2016 drags on.

Chevron posts first loss since 2002 on cheap oil prices

worldoil.com — By ERNEST SCHEYDER on 1/29/2016 SAN RAMON, California (Reuters) - Chevron Corp. reported its first quarterly loss in more than 13 years on Friday as the oil producer struggled to cope with plunging crude prices that are eroding profitability across all its divisions.

Hess' quarterly loss less than expected on cost cuts

worldoil.com — By ERNEST SCHEYDER AND SWETHA GOPINATH on 1/27/2016 HOUSTON (Reuters) - Oil producer Hess Corp. lost less money than expected in the fourth quarter, as it managed to cut costs to weather the low-price storm that has battered the entire energy industry. The company, which produces oil in North Dakota's Bakken shale and the U.S.

RPT-U.S. shale firms, struggling to profit with $30 oil, slash spending more

reuters.com — (Repeats with no changes to text) By Anna Driver and Ernest Scheyder HOUSTON Jan 27 Three major U.S. shale oil companies have slashed their 2016 capital spending plans more than expected in a bid to survive $30 a barrel oil prices, with one of them saying prices would need to rise more than 20 percent just to turn a profit.

U.S. shale firms, struggling to profit with $30 oil, slash spending more

worldoil.com — By ANNA DRIVER, ERNEST SCHEYDER on 1/27/2016 HOUSTON (Reuters) -- Three major U.S. shale oil companies have slashed their 2016 capital spending plans more than expected in a bid to survive $30/bbl oil prices, with one of them saying prices would need to rise more than 20% just to turn a profit.

U.S. shale firms, struggling to profit with $30 oil, slash spending more

reuters.com — HOUSTON Three major U.S. shale oil companies have slashed their 2016 capital spending plans more than expected in a bid to survive $30 a barrel oil prices, with one of them saying prices would need to rise more than 20 percent just to turn a profit.
Jan 27, 2016

RT @ReutersBiz: U.S. shale firms, struggling to profit with $30 oil, slash spending more reut.rs/1OOp4D2

Jan 27, 2016

U.S. shale firms, struggling to profit with $30 oil, slash spending more reut.rs/1Qrohsm via @Reuters

Continental Resources slashes 2016 budget by 66 percent

reuters.com — HOUSTON Continental Resources Inc (CLR.N), North Dakota's second-largest oil producer, said on Tuesday it would slash its 2016 capital budget by 66 percent as it tries to preserve cash amid tumbling crude prices. Led by billionaire wildcatter Harold Hamm, Continental plans to spend $920 million this year, down from $2.7 billion in 2015.
Jan 26, 2016

Continental Resources, North Dakota's 2nd-largest oil producer, slashes 2016 budget by 66 percent (FULL STORY) reuters.com/article/us-con… $CLR

Jan 26, 2016

Continental Resources is basically admitting it can no longer afford to extract & sell oil at depressed prices reuters.com/article/us-con… $CLR

Jan 27, 2016

Continental Resources slashes 2016 budget by 66 percent | Reuters - go.shr.lc/1JE9KdA

EXCLUSIVE-Private-equity backed oil producer buys Texas acreage

uk.reuters.com — HOUSTON A private equity-backed U.S. oil company led by former Statoil executives has bought 18,000 acres in rural west Texas, the latest deal by investors snapping up land whose value has plunged along with crude prices.
Jan 21, 2016

Even though oil prices are tanking, a private-equity backed oil firm just bought 18,000 acres in Texas. Here's why: uk.mobile.reuters.com/article/idUKL2…

More Articles →
Feb 05, 2016

RT @mariannaparraga: "Given the cost of restarting production, many producers will continue to take the loss in the hope of a rebound in prices" -Wood Mackenzie

Feb 05, 2016

"If you were the last one to build a pipeline in the Bakken ... it could be painful" reut.rs/1UPI1XP latest from @JarrettRenshaw

Feb 05, 2016

RT @JamesPindell: BREAKING: New Suffolk_U / @BostonGlobe poll shows Sanders / Clinton within single digits bit.ly/20x2Y0L #fitn #nhpolitics

Feb 05, 2016

Poor Williston, ND: First, the oil price drop drains its jobs. Now, the mayor is getting rid of the strip clubs thenewstribune.com/news/business/…

Feb 05, 2016

Special Report: Why Obama and other gun control advocates own stock in firearms makers reut.rs/1QhKrLc via @Reuters

Feb 05, 2016

After rapid growth, U.S. energy MLPs running out of road reut.rs/1UPI1XP via @Reuters


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