Shale Oil Company Chesapeake Energy Files for Bankruptcy
The company said it will eliminate $7 billion in debt though the restructuring.
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.
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.
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.
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.
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.
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.
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.