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U.S. crude oil prices last week climbed to their highest this year, but a weak natural gas market, steeper costs and a focus on shareholder returns over new production are keeping shale drillers from... -April 08, 2024 at 06:00 am EDT - MarketScreener
U.S. oil companies are not in a rush to boost production as low natural gas prices are holding back drilling in parts of the Permian.
Natural gas firms including Chesapeake Energy, Comstock Resources and Antero Resources have warned they were dropping rigs and frack crews as ultra-low gas prices slammed profits
Oilfield service companies and drillers have put the brakes on hiring and further job cuts could loom as natural gas producers respond to sliding prices by slashing spending on new wells to reduce...
When Lower Burrell Council meets and reorganizes Wednesday evening, almost everyone behind the dais will have spent fewer than five years in their current roles. But that’s not a cause for concern, says incoming Mayor Chris Fabry. “Thanks to my relationship with (outgoing Mayor John Andrejcik), this administration is going