shale oil

Shale Oil Company Chesapeake Energy Files for Bankruptcy
Credit & Capital

Shale Oil Company Chesapeake Energy Files for Bankruptcy

The company said it will eliminate $7 billion in debt though the restructuring.
By Lauren Muskett | June 29, 2020
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Whiting Petroleum Files for Bankruptcy Amid Oil Price Plunge
Credit & Capital

Whiting Petroleum Files for Bankruptcy Amid Oil Price Plunge

The company has enough liquidity to keep operating during the restructuring without the need for additional financing.
By Lauren Muskett | April 1, 2020
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Marathon Buys Rival to Become Top U.S. Refiner
M&A

Marathon Buys Rival to Become Top U.S. Refiner

The $36 billion acquisition will push Marathon ahead of Valero Energy, with 16 refineries processing 3 million barrels of oil per day.
By Matthew Heller | April 30, 2018
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U.S. Oil Production to Hit New Record in 2018
The Economy

U.S. Oil Production to Hit New Record in 2018

With the shale boom continuing, the IEA says the U.S. will overtake Saudi Arabia as the world's No. 2 producer.
By Matthew Heller | January 19, 2018
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U.S. Shale Surge Drives up Global Oil Supply
The Economy

U.S. Shale Surge Drives up Global Oil Supply

The International Energy Agency warns that U.S. shale production could complicate OPEC's efforts to restrain output.
By Matthew Heller | December 15, 2017
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Oil Prices Fall on Supply Fears
The Economy

Oil Prices Fall on Supply Fears

U.S. shale drilling is seen as a major culprit in the oversupply.
By William Sprouse | June 20, 2017
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SandRidge Declares Bankruptcy to Restructure Debt
Strategy

SandRidge Declares Bankruptcy to Restructure Debt

In a familiar refrain, SandRidge says the oil price slump has left it unable to service the debt load it took on while aggressively pursuing growth.
By Matthew Heller | May 17, 2016
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Oil Prices to Fall Through 2016 Until Supply Rebalances
The Economy

Oil Prices to Fall Through 2016 Until Supply Rebalances

Low prices and large inventories are not stopping OPEC from adding to the glut of crude oil.
By Katie Kuehner-Hebert | July 10, 2015
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Oil Glut May Last Until 2016
Supply Chain

Oil Glut May Last Until 2016

OPEC countries pumped oil at record monthly rates in May.
By Katie Kuehner-Hebert | June 16, 2015
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Dark Clouds Looming for Small Shale-Oil Producers
Risk

Dark Clouds Looming for Small Shale-Oil Producers

Exploration and production companies have amassed total debt of $285 billion and their leverage metrics have increased notably, says an ABI Journal paper.
By Matthew Heller | March 9, 2015
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Shale Oil: In a Bind
The Economy

Shale Oil: In a Bind

Will falling oil prices curb America’s shale boom?
By Economist Staff | December 9, 2014
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