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Drilling for shale oil is getting more expensive at the worst possible time

Inflation in the oil sector is worsening and industry executives see no reason to expect cost pressures on everything from steel pipe to frac sand to ease any time soon. ....

North Dakota , United States , Tom Jorden , Scott Sheffield , Kevin Crowley , Paul Takahashi , John Christmann , Ryan Lance , Coterra Energy Inc , Continental Resources Inc , Murphy Oil Corp , Laredo Petroleum Inc , Hess Corp , Bullish Oil , David Wethe , Chief Executive Officer John Christmann , Murphy Oil , Laredo Petroleum , Continental Resources , Bakken Shale , Pioneer Natural Resources , Wall Street , Chief Executive Officer Tom Jorden , Hydraulic Fracturing ,

Shale giants dump oil hedges as losses spiral toward $42 billion

U.S. shale giants stung by billions of dollars in hedging losses are spending big bucks to ditch their positions in a risky bet that prices stay high. ....

Devika Krishna Kumar , Matt Marshall , Paul Takahashi , Pioneer Natural Resources Co , Hess Corp , Resources Inc , Krishna Kumar , Pioneer Natural Resources , Aegis Hedging , Oil Companies ,

Shale explorers Diamondback, Devon boost payouts over production

Shale drillers Diamondback Energy, Devon Energy and Coterra Energy are boosting dividends while keeping oil output flat despite pleas from President Joe Biden to increase supplies and help take some the edge off of inflation. ....

Paul Takahashi , Joe Biden , Exxon Mobil Corp , Coterra Energy Inc , Continental Resources Inc , Hess Corp , Devon Energy Corp , Diamondback Energy Inc , Devon Energy , Coterra Energy , President Joe Biden , Continental Resources , Chief Executive Officer Travis Stice ,

Shale giants dump oil hedges as losses spiral toward $42 billion

U.S. shale giants stung by billions of dollars in hedging losses are spending big bucks to ditch their positions in a risky bet that prices stay high. ....

Devika Krishna Kumar , Matt Marshall , Paul Takahashi , Pioneer Natural Resources Co , Hess Corp , Resources Inc , Krishna Kumar , Pioneer Natural Resources , Aegis Hedging , Oil Companies ,

Gulf of Mexico oil drilling makes comeback, but won't close supply gap

A new wave of oil platforms is sweeping into the U.S. Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever. ....

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