In: News

Price Downturn Results in Asset Write-Downs of more than $185 billion
October 3, 2016

SINCE THE PRICE of oil suddenly dropped in late 2014, nearly 400 public oil and gas companies have written down over…

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Oil execs see 2017 as a year of recovery, Deloitte survey finds
September 22, 2016

The two-year downturn in the oil and gas industry may be coming to a close. An annual survey released by Deloitte,…

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Oil extends gain after U.S. crude supply tumbles to 7-month low
September 21, 2016

Oil extended gains after government data showed U.S. crude inventories declined to the lowest level since February. Crude stockpiles decreased 6.2…

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Oil is setting up for a monster rally
September 20, 2016

Bank of America Merrill Lynch is bullish on the energy sector again. In a note out Tuesday, Savita Subramanian, the head…

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Oil Bankruptcies Leave Lenders With ‘Catastrophic’ Recovery Rate
September 13, 2016

U.S. oil bankruptcies haven’t been this “catastrophic” for lenders in a long time, in what may be the worst bust of…

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Texas company to purchase Yates Petroleum in $2.5B deal
September 7, 2016

One of the largest oil and gas producers in the U.S. is purchasing a privately-held New Mexico company and some of its subsidiaries in a…

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Market Alert: Oil majors’ debt climbs to record high
August 30, 2016

The total debt held by four of world’s largest oil companies has hit a record high. According to data collected by…

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M&As are back as oil industry shifts from survival to growth
August 29, 2016

Multi-billion-dollar oil and gas deals are back on the table. More than $11 billion of transactions were announced globally in July…

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Haynes and Boone, LLP Oil Patch Bankruptcy Monitor
August 24, 2016

Haynes and Boone has tracked 90 North American oil and gas producers that have filed for bankruptcy since the beginning of…

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2016 on pace for worst E&P year since Great Depression, but improvement seen
August 23, 2016

According to the latest mid-year forecast assembled by World Oil magazine, only 14,430 wells will be drilled in the U.S. this year, on par with…

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