The Latest
Investment
Report: Oilfield Service Spending to Fall 21% as Producers Slash Costs
Oilfield segments with the greatest share of North American revenue will see the biggest hits, with hydraulic fracturing spending down 44% from last year and land contract drilling down 29%.
Obituaries
Tribute: Goodbye to Claytie
Wildcatter Clayton W. Williams Jr. was larger than life, with a quick wit, a big vision and a bigger legacy.
Public Capital
Oil and Gas Dealmaking Outlook: M&A Gone Mild
In a market environment where buyers and sellers are at odds over price and the public market is openly hostile to deals, E&P shoppers may sit out an uncertain 2020.
Public Capital
Trump Invites Big Oil to Discuss Help for Ailing Industry
The collapse in prices has threatened the once-booming U.S. oil and gas industry, which has a relatively high cost of production, leading Washington to scramble for ways to protect the sector.
Investment
Oil Trade Groups Release New Guidelines on ESG Reporting
Guidance provides framework for detailing sustainability efforts as environmental, social and governance remains a key priority for many upstream oil and gas companies.
Restructurings
Shale Producer Whiting Petroleum Files for Chapter 11 Bankruptcy
Whiting Petroleum had explored a wide variety of alternatives to address its balance sheet and looming note maturities in a “highly capital-constrained market environment,” CEO Bradley J. Holly says.
Earnings
Schlumberger Cuts Executive Salaries, Reduces Workforce Amid Oil Price Crash
Oilfield services provider Schlumberger on March 31 said it will implement widespread salary and job cuts as it grapples with a sharp decline in revenue from the oil price collapse.
People
Nine Energy Service CFO Clinton Roeder Steps Down
Nine Energy Service Inc. said that Clinton Roeder, senior vice president and CFO has departed the company by mutual consent effective on March 31.
Public Capital
A&D Trends: Oil Industry Money Trouble
Lately, M&A is a mess. Oil and gas market dysfunction swirls as buyers hunt for PDP assets with discounts of PV-20 or higher on their minds.
Business
Consolidation Musings: E&P M&A Fantasies
E&P analysts weigh in on what makes a dream combo and whether the oil and gas majors will play.