Shale

The U.S. shale sector is capable of ramping up oil production even if prices fall to $50 per barrel, according to U.S. Energy Secretary, Chris Wright.  What Happened: Wright, formerly the CEO of Liberty Energy (NYSE:LBRT), is optimistic about the sector’s potential to...

Exxon Mobil Corporation (NYSE: XOM) intends to double oil production from its U.S. shale properties over five years by deploying new technologies, per a Reuters report. The company expects some promising new technologies to significantly improve recovery volumes. XOM seeks to double...

Pioneer Natural Resources Co (NYSE: PXD) is in talks with Parsley Energy Inc (NYSE: PE) for an acquisition deal, according to the Wall Street Journal. If the deal goes through, Pioneer could become one of the largest oil producers in the Permian Basin. What Happened: Reportedly, both the Texas-...

America’s largest independent oil explorer, ConocoPhillips (NYSE: COP) is betting big on shale as it seeks to acquire rival Concho Resources Inc (NYSE: CXO), according to Bloomberg. What Happened: The coronavirus pandemic has dented oil demand, which led to a crash in crude oil prices in...

The recent oil price war between Russia and Saudi Arabia has President Trump caught in tough spot. One the one hand, cheaper oil prices are good for consumers and industries that rely on oil to function. But the 17-year lows in oil is also hurting oil producing countries, of which the U.S. is one...

Oil prices remain in freefall and as the spread of the coronavirus triggers further panic in the markets, and this is in turn is squeezing U.S. shale companies. At the time of writing Monday, Brent crude was down more than 8% and U.S. West Texas Intermediate crude was falling 5.23%...

Plummeting oil prices and uncertainty around the oil market in the midst of a price war between two big producing nations led Bank of America to downgrade nearly every stock in the sector that it didn't already rate Underperform, dropping the outlook on 14 stocks across the industry, from...

Integrated energy global giant Chevron Corporation (NYSE: CVX) said Friday it reached an agreement to acquire Anadarko Petroleum Corporation (NYSE: APC), one of the world's largest independent exploration and production companies. What Happened As part of the merger agreement, Chevron will pay...

WTI crude oil has lost 40 percent since early October, and experts are conflicted on whether the worst is yet to come for the global commodity. Considering Big Dividend Payers One of the biggest contributors to the large decline in oil prices in recent months is an increase in...

Nine Energy Service Inc (NYSE: NINE) launched its initial public offering in early 2018. Despite the stock losing nearly 10 percent since its IPO, one Wall Street analyst sees the potential for 70-percent upside. The Analyst Goldman Sachs' Waqar Syed initiated coverage of Nine Energy...

The United States Oil Fund (NYSE: USO) is down nearly 2.7 percent over the past week, bringing the heavily traded oil exchange-traded product's year-to-date loss to nearly 22 percent. Those data points, among others, highlight oil's status as one of 2017's worst-performing commodities....

History is repeating itself in the oil market — at least its short-term history. Daniel Yergin, IHS Markit vice chairman, was a guest on CNBC's "Squawk Box" and offered two reasons to explain why oil prices are "back to the past." First, oil inventories are now 10 percent higher than it was...

Non-OPEC member countries are expected to boost their combined oil supplies by 1.5 million barrels a day next year, which by itself can satisfy the expected global demand growth of 1.4 million barrels a day, CNBC reported citing a report from the International Energy Agency. The bulk of new oil...

The price of oil has been supported by an OPEC agreement to lower the collective output of the organization by 1.2 million barrels a day. But doing so may have awakened a sleeping giant: U.S. shale producers looking to take advantage of the now higher oil prices. According to a Bloomberg report, U....

The defeat of Hillary Clinton to Donald Trump in the 2016 U.S. presidential election has led to contrasting reactions within the energy sector, particularly regarding coal and solar stocks. Trump's Energy Plans The Trump win is seen as a boost to coal producers, as he intends to revive the...