August 2016

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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Capitalizing on opportunities: Private equity investment in oil and gas
August 22, 2016

Our survey reveals PE funds are aiming to raise more money to invest in the industry. However, we also found a…

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U.S. crude oil exports are increasing and reaching more destinations
August 18, 2016

The number of countries receiving exported U.S. crude oil has risen since the removal of restrictions on exporting U.S. crude oil…

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Oil at five-week high as OPEC sources, Russia, talk of cooperation
August 17, 2016

Oil settled up nearly 2 percent on Tuesday, hitting five-week highs for a second straight day as sources at OPEC spoke…

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Oil tycoon Pickens boosted energy holdings as rigs bottomed out
August 16, 2016

Oil tycoon T. Boone Pickens boosted the value of his energy holdings by more than a third in the second quarter,…

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U.S. rig count up 17 this week to 481, Texas up 13
August 15, 2016

The number of rigs exploring for oil and natural gas in the U.S. increased by 17 this week to 481. A…

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U.S. operators need $60 oil to stage real comeback, IEA says
August 12, 2016

While shale drilling in the U.S. is on the rise again, prices need to climb nearer to $60/bbl for U.S. producers to…

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