Searching for meaning in the North Dakota oil boom

Feb 16, 2021
In a new book, Michael Patrick F. Smith reflects on his time working on an oil field in North Dakota.
An oil drilling rig in North Dakota in 2013.
Andrew Burton/Getty Images

Oil drilling bids for Alaskan wildlife refuge expected to be meager

Jan 1, 2021
Oil giants are expected to sit out the bidding, which would mean low lease prices and measly royalties for the government.
Native American leaders hold signs against drilling in the Arctic National Wildlife Refuge outside the U.S. Capitol in 2018.
Saul Loeb/AFP via Getty Images

The name of the game in West Texas oil and gas these days: consolidation

Dec 22, 2020
The Diamondback-QEP deal demonstrates the urge to merge while energy prices are weak.
Rail cars carrying crude oil near Odessa, Texas. Sluggish markets are driving companies to find partners.
Paul Ratje/AFP via Getty Images

OPEC has to decide whether it will continue to curb oil output

Nov 27, 2020
Ramping up production when demand is still weak could have major consequences on a relatively stable oil market.
Joe Klamar/AFP via Getty Images

Oil-rich countries have been hit hard by the pandemic. How can they move on?

Oil prices are still far below the break-even point for many producers in the Middle East.
Transitioning away from oil, for countries that depend on the industry, is easier said than done.
Joe Raedle/Newsmakers

$8 billion natural gas pipeline canceled, raising questions about fuel's future

Jul 6, 2020
With challenges from environmental groups and state governments, the idea of natural gas as a bridge fuel may be fading.
Climate activists protest the Atlantic Coast Pipeline in front of the U.S. Supreme Court in February.
Mark Wilson/Getty Images

Pandemic may be a turning point for oil business, executives and analysts say

Jun 9, 2020
With carbon emissions and air pollution plummeting during the lockdown, experts question whether we'll return to our old driving and flying habits.
Oil storage tanks in Carson, California. The use of fossil fuels dropped during the lockdown, and supplies piled up.
Robyn Beck/AFP via Getty Images

The future is bright… let’s make it even brighter together.

Be a Marketplace Investor with a donation in any amount today.

Texas oil regulator throws in the towel on supply cut

May 4, 2020
Low crude oil prices have already achieved what regulators were seeking: to cut state production.
The sun sets behind smoke rising from a refining plant in Houston.
Mark Felix/AFP via Getty Images

First the virus, then the oil crash, hit Midland, Texas

Apr 23, 2020
Midland, Texas, is ground zero for oil and gas production in the U.S., and much of the local economy, in some way or another, is tied to the industry. When West Texas Intermediate went negative for the first time ever on Monday, everybody in Midland felt it — on top of the coronavirus. This morning […]
A pumpjack in Midland. The Texas oil patch has never seen a bust like this one.

Explaining how oil prices work, after the cost of a barrel dropped below zero

Apr 21, 2020
At this point, oil is like that broken-down car you pay to have towed off to the junkyard.
The agreement to cut production from OPEC, Russia and the U.S. clearly hasn't worked.
Spencer Platt/Getty Images