Hints and tips:
...Analysts will be watching shale companies’ drilling plans this earnings season for signs of a renewed focus on growth....
...They are also clearly more comfortable with drilling than renewables: Shell’s 2021 capital expenditure strategy called for putting $2bn-$3bn into renewables and $12bn in oil and gas....
..., a Denver-based drilling company....
...The oil company has tapped debt markets, launched an initial public offering for its retail arm and brought international investors into its drilling, refining and trading businesses....
...Ian McIntosh, the chief executive of Louis Dreyfus Company, is retiring from the agricultural trading company less than two years after taking the position....
...EP Energy, whose drilling activities are focused on Texas and Utah, had been acquired by an investor group led by Apollo in 2012 for $7.2bn....
...“As [drilling] activity [from other oil companies] increases, this can probably happen again. It sets a precedent,” he said....
...Now shares in the real estate company are trading higher than the level of the Fortress bid, and with good reason....
...It flourished in the early days of the US shale drilling surge as domestic crude supplies rose and a ban on exports “kept shale oil production trapped in the US and enabled refineries to get their hands...
...Energy companies are increasingly looking to use the type of analytics often employed by companies such as Google and Amazon for consumer data across their operations, from boosting the performance of drilling...
...Many observers in the industry believe Saudi Arabia is pumping close to the maximum level it can without spending hundreds of millions of dollars on further drilling of its fields....
...The hectic pace of drilling and the productivity gains have boosted output from the Permian Basin by 60 per cent in the past two years, to 3.2m barrels a day....
...But then oil prices reversed, drilling slowed and volumes on pipelines declined....
...capital rather than pursuing a “one-sided strategy” of “merely drilling for growth’s sake”, particularly if commodity prices fall....
...However, Rice was still outspending its operating cash flows on drilling and completing new wells. It does not expect to be able to cover those costs from its own cash flows until 2019....
...Coty shares popped in extended trading after the S&P Dow Jones Indices said the company would replace Diamond Offshore Drilling on the S&P 500....
...Investors are now drilling into their portfolios to better understand how a company’s revenues derive from fossil fuels and whether some of their earnings are linked to activities designed to mitigate climate...
...The industrial equipment maker has been buffeted by its exposure to the North American oil and gas sector, where drilling activity is down due to the collapse in crude prices....
...The number of rigs drilling for oil has dropped from a peak of 214 to 37, and businesses, from small “mom and pop” service providers to venture capital companies, are trying to offload unused equipment....
...bases for most of our rated issuers to decline due to hedges rolling off this year, futures prices that are below many bank borrowing base prices and lack of reserve replacement as result of a decline in drilling...
...Diversification into owning oil-drilling rigs — through Ocean Rig, in which DryShips now holds only a minority stake — proved robustly profitable when oil prices were high....
...But it also announced a financing joint venture with GSO Capital Partners, in which the lender would fund $500m in drilling costs....
...“If cactus could cure cancer, but cactus is worthless.” Mr McCullin, the ditch digger on enforced vacation, sees the writing on the wall for Carrizo....
...More than 90 per cent of the aggregate enterprise value of MLPs comes from energy logistics companies (so-called midstream and downstream)....
...This deprives landowners and communities of economic incentives to back drilling, and with it, the erection of picturesque 15m drilling rigs on the village green....
International Edition