Oil giants are expected to sit out the bidding, which would mean low lease prices and measly royalties for the government.
The Diamondback-QEP deal demonstrates the urge to merge while energy prices are weak.
Ramping up production when demand is still weak could have major consequences on a relatively stable oil market.
Oil prices are still far below the break-even point for many producers in the Middle East.
With challenges from environmental groups and state governments, the idea of natural gas as a bridge fuel may be fading.
With carbon emissions and air pollution plummeting during the lockdown, experts question whether we'll return to our old driving and flying habits.
Low crude oil prices have already achieved what regulators were seeking: to cut state production.
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 […]
At this point, oil is like that broken-down car you pay to have towed off to the junkyard.
Demand for oil is falling so quickly that even a reduction in supply will take some time to affect markets.