ProPetro said that while it anticipated a slight increase in next year's activity, it did not expect any uptick in profitability per frac fleet.
Callon Petroleum agreed to a lower premium in its acquisition of Carrizo Oil & Gas as part of amended deal terms.
Jason Pigott, who took over as Laredo CEO last month, said the purchase of acreage in Howard County, Texas, is the company’s next strategic step in creating additional value for its stakeholders.
Tullow Oil's stock, which surged on the news from oil discoveries offshore Guyana, shed as much as 22% of its value on Nov. 13.
Kimbell’s all-stock acquisition, with privately-held Buckhorn Resources, includes mineral and royalty assets primarily located in the core of the Eagle Ford Shale in South Texas.
The imminent listing of oil giant Saudi Aramco will be a pivotal moment for Saudi Arabia's young and untested Tadawul stock exchange.
Companies that fracture wells are cutting workers and idling equipment.
Last year, BHP ended a massive loss-making seven-year foray into shale by selling most of its U.S. onshore shale oil and gas assets to BP for $10.5 billion.
Saudi Arabia has been pulling out the stops to entice potential investors in the stock market flotation of its state energy giant, in what could be the world’s biggest ever listing.