By Tsvetana Paraskova Chesapeake will fully focus on key shale gas plays. Chesapeake will look to reduce its Eagle Ford positions. The company will increase exposure in the Haynesville shale formation. Shale pioneer Chesapeake Energy will focus on its key …
By Julianne Geiger BloombergNEF: hedging losses are mounting in U.S. shale. Hess Corp found itself spending $325 million in March to exit hedges at a serious loss. Shale giant Pioneer lost $2 billion to exit hedges last year. With earnings …
By Tsvetana Paraskova U.S. shale producers have been disappointed with the Biden Administration’s policies regarding the oil and gas industry for nearly a year now, and they voiced their disappointment, once again, at this week’s World Petroleum Congress in Houston. …
By Tsvetana Paraskova A year after the pandemic and the disagreement within OPEC+ over supply management crushed oil prices, the industry finds itself at an all-too-familiar crossroads: Will OPEC’s bet that U.S. shale’s “drill, baby, drill” is gone forever be …
Steve St. Angelo interviewed by Jason Burack on Wall St For Main St Jason Burack of Wall St for Main St interviewed oil and precious metals mining analyst Steve St. Angelo of the SRS Rocco Report https://srsroccoreport.com/ Steve goes in depth on the primary …
BY SRSROCCO If you think the carnage taking place in the shale oil companies is nearly over, you couldn’t be more wrong. I believe the bloodbath in the shale oil stocks has only just begun. Once we see the majority …
OPEC REPORT: Venezuela reports collapse in oil supply, tightening global market. “In a monthly report, the Organization of the Petroleum Exporting Countries said Venezuela told the group that it pumped 960,000 barrels per day (bpd) in March, a drop of almost 500,000 …
By Arthur Berman Oil price lost 44% of its value late last year. That price collapse was a signal to tight oil companies to stop over-producing. The message will be repeated until action results. From October 3 to December 24 …
BY SRSROCCO Have you noticed the absolute carnage taking place in the U.S. shale oil stocks? It seems as if Wall Street and investors are finally starting to grow weary of an industry that hasn’t made money in the past …
By Nick Cunningham To Wall Street, the shale industry has lost a lot of its allure. A decade’s worth of promises have failed to materialize, and Big Finance is cutting some of its ties with smaller shale drillers who have …
BY SRSROCCO The United States largest oil company, ExxonMobil, is facing a financial train-wreck in its domestic oil and gas sector. And, the majority of the blame can be attributed to Exxon’s move into shale. After Exxon acquired XTO Energy …
by Jesse Colombo OilPrice.org published a piece this week called “Warning Signs Flash For U.S. Shale” – The shale tidal wave may finally be starting to ebb. The largest oilfield services company in the world says that shale drilling activity …
by Chris One narrative is that US oil companies, displaying the usual plucky ingenuity, are finding ways to extract more and more oil from shale at lower and lower costs. A different narrative says that they’ve been overstating the results …
By Nick Cunningham U.S. shale executives often boast of low breakeven prices, reassuring investors of their ability to operate at a high level even when oil prices fall. But new data suggests that the industry slowed dramatically in the fourth …
BY SRSROCCO There is no better way to describe what is currently taking place in the U.S. Shale Oil Industry, then a bloodbath. Unfortunately, if the situation wasn’t bad enough for the shale oil industry when prices were 30-40% higher, today …
by Jesse Colombo Despite this being a low-volume holiday week, crude oil continues to plunge. West Texas Intermediate (WTI) crude oil is down $3.69 or 6.75% and Brent crude oil is down $3.60 or 5.75% today alone, which further confirms …
BY SRSROCCO While the U.S. Shale Industry produces a record amount of oil, it continues to be plagued by massive oil decline rates and debt. Moreover, even as the companies brag about lowering the break-even cost to produce shale oil, the industry …
BY SRSROCCO The massive debt accumulated by the U.S. Shale Industry is now decimating company profits. As company debts and interest rates rise, these shale producers interest expense also continues to increase. Debt service is not only cutting into company …
by COMPUTER1313 via Bloomberg: …drillers, service providers and trucking companies have been poaching in all corners, recruiting everyone from police officers to grocery clerks. So many bus drivers with the Ector County Independent School District in nearby Odessa quit for the …
The horrible economics of the U.S. Shale Oil Industry will pull down the entire economy. Very few people understand the massive decline rates these shale fields experience. I explain in detail why the U.S. Shale Oil Industry is nothing more …
By Nick Cunningham U.S. shale is growing at a scorching rate, but will the shale industry be around for the long haul? A new study calls into question the heady projections for shale oil and gas, arguing that expectations of huge …