'Another leg up': Experts see oil price surge powering upstream activity in 2022
Elevated Brent and WTI oil prices now will help with upstream activities later
Source: upstreamonline.com
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Patterson UTI Energy : UTI Completes Acquisition of Pioneer Energy Services
HOUSTON, Oct. 4, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. today announced that it has closed its previously announced acquisition of Pioneer Energy Services Corp. Total... | October 4, 2021
Source: marketscreener.com
Struggling oilfield firm Pioneer Energy gobbled up by rival
Struggling oilfield firm Pioneer Energy gobbled up by rival as oil industry recovers FacebookTwitterEmail 1of3 Andy Hendricks, left, president and CEO of Patterson-UTI, and Mark Siegel, chairman of Patterson-UTI, pose for a portrait at the Houston Chronicle, Thursday, April 27, 2017, in Houston. ( Jon Shapley / Houston Chronicle )Jon Shapley, Staff / Houston ChronicleShow MoreShow Less 2of3 Patterson-UTI APEX-XK 1500 oil rig drill. Tuesday, May 9, 2017, near College Station. ( Marie D. De Jesus / Houston Chronicle )Marie D. De Jesus, Staff / Houston ChronicleShow MoreShow Less 3of3 San Antoni...
Source: expressnews.com
As OPEC+ talks stall, US shale producers hedge their bets
As soon as OPEC+ negotiations fell apart on Monday, stoking fears of a supply squeeze and sending oil prices soaring, U.S. shale executives began hitting the phones. They weren’t ordering their crews to drill for more oil. They weren’t game-planning a miraculous comeback in American crude production. They were securing hedges — locking in prices for the oil they plan to produce next year and protecting themselves against a potential market slump, people familiar with the trades said, asking not to be named because the information isn’t public. The hedges are just about the only thing ...
Source: aljazeera.com
Shale Rushes to Lock In Oil's Rally as OPEC+ Rift Roils Market
Dennis Da Silva's Top Picks: July 6, 2021 U.S. stocks pare losses; Yields drop to February lows Ross Healy's Top Picks: July 5, 2021 Telus, Enbridge greenium boosts sustainability-linked bonds Alex Ruus' Top Picks: July 2, 2021 We're #28! TSX rides commodity rally to outpace Dow Industrials Colin Stewart's Top Picks: June 30, 2021 U.S. stock euphoria abates at end of big first half Bruce Campbell's Top Picks: June 29, 2021 Lorne Steinberg's Top Picks: June 28, 2021 Wall Street and C-Suite grapple with a meme-stock new normal Haters everywhere in stock market after S&P 500's big first half Lar...
Source: bnnbloomberg.ca