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....
...(NYT) Oilfield blues Drilling rigs that supported the local economy in west Texas — including barbers earning $180,000 per year — are now sitting untouched after the spread of Covid-19 caused demand to...
...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....
...(FT) Drilling down The Permian Basin straddling Texas and New Mexico has made the surrounding areas attractive locations for those chasing the US oil boom, and this time they think it will last....
...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...
...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....
...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...
...share price of $100 — said the move also underscored that other top-tier exploration and production companies have alternatives for their capital rather than pursuing a “one-sided strategy” of “merely drilling...
...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....
...One lucky bargain hunter was able to pick up a flatbed truck for moving drilling rigs — worth about $400,000 new — for just $65,000....
...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....
...Eric D Tucker ValueWorks LLC, New York, NY, US...
...Despite the weaker dollar, gold touched its lowest since mid-March while Brent crude pared an early rise as the number of rigs drilling for oil in the US rose for the first time this year....
...It also announced a $500m drilling joint venture with the lending affiliate of Blackstone, whereby the fund puts up all the cash and earns a preferred return....
...The company announced an alliance with GSO Capital Partners, which has agreed to commit up to $500m to fund oil and gas drilling programmes....
...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....
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