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...Before Thursday’s report the streaming pioneer’s shares had risen 30 per cent this year, significantly outperforming the broader market. The shares fell 7 per cent on Friday....
...Scott Sheffield, chief executive of Pioneer Natural Resources, the biggest producer in Texas, said in a December interview that last year’s increases meant there was a “good chance” output would now reach...
...As Pioneer and other frackers spent billions of dollars on drilling, Wall Street grew weary of their mounting losses....
...drilling sites....
...Pioneer, led by chief executive Scott Sheffield, was among the challengers to the likes of Exxon. Now, as drilling inventory dwindles, a new wave of mergers is under way in the shale patch....
...Japan is a pioneer in seeking the answers to these pressures, but other countries are bound to follow....
Once high-flying company gained a $1bn valuation five years ago, but has since struggled to make profits
...Charif Souki, a pioneer of the US liquefied natural gas industry, will receive a payout of more than $8mn after being ousted from project developer Tellurian as the company struggles to get a costly gas...
...After years of profligate spending, Wall Street has insisted companies ditch costly drilling ventures and instead return cash to shareholders....
...Wood Mackenzie believes operators can shave about $5 a barrel off the break-even costs of drilling that sit at about $30-$35 a barrel in the basin....
...ExxonMobil announced a $60bn deal in October to buy Pioneer Natural Resources, the biggest participant in the Permian....
...Analysts and dealmakers expect more multibillion-dollar transactions as big producers aim to stock up on prime drilling spots that they can exploit into the coming decades despite warnings that fossil fuel...
...The streaming pioneer ended the year with 12.5 per cent revenue growth — a strong rebound from 2022 when it experienced subscriber losses that shook investor confidence in the streaming business model....
...US onshore producers risk entrapment in a cycle of inefficient drilling, forsaking positive cash flow for greater volumes and market share....
...Exxon has agreed to buy Pioneer for $60bn and Chevron is spending $53bn on Hess as they bet on strong future fossil fuel demand....
...Exxon pointed to Pioneer acreage in the eastern portion of the Permian Basin that abutted its own, enabling it to wring efficiencies from its drilling programme, including horizontal wells that extend as...
...Bird Global, the e-scooter rental pioneer, has filed for Chapter 11 bankruptcy protection. The start-up was the fastest ever to reach a “unicorn” valuation above $1bn....
...“It is a huge turnaround from where we were at in the 1970s,” said Harold Hamm, chair of Continental Resources and a shale pioneer....
...significant coup for Occidental, one of America’s biggest oil producers, and would mark the third significant transaction in the sector in less than two months as large operators vie to snap up dwindling prime drilling...
Strong sales increase pressure on US pioneer to keep crown as top seller of purely electric vehicles
...America’s shale pioneers have vowed to keep a lid on drilling even if oil hits $100 a barrel, citing a need to maintain capital discipline and what they claim is a “war” on fossil fuels waged by the Joe...
...The potential tie-up comes as a wave of merger and acquisition activity sweeps across the US oil and gas sector as companies look to build scale and bulk up on dwindling prime drilling acreage....
...“We’re drilling wells 10,000 feet underground into these saltwater reservoirs....
...of the most significant antitrust cases in US history, including challenges against AT&T, Standard Oil and Microsoft, which was accused two decades ago of using its Windows monopoly to crush web browser pioneer...
...Chevron’s $53bn takeover of renowned operator Hess and ExxonMobil’s $60bn acquisition of shale specialist Pioneer have made oil and gas a rare bright spot for Wall Street’s dealmakers....
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