Oil Glut Set to Thwart Trump’s Call to ‘Frack, Frack, Frack’
President-elect Donald Trump’s vows to “frack, frack, frack” are about to collide with a global crude glut that’s set to, finally, temper record shale production.
November 19, 2024Shale Oil ‘Fracklog’ Resumes Expansion After Yearlong Hiatus
Shale explorers are drilling wells faster than they’re fracking them, a strong signal that U.S. oil production growth is slowing.
Exxon Works to Improve Fracking Methods
Exxon Mobil Corp. is betting that a better way to frack will double the amount of oil it can pump from shale fields.
Oil Explorers Are Fracking at Breakneck Pace, Fueling Inflation
Shale oil companies are using almost all of the fracking equipment and crews available as exploration expands, accelerating cost inflation and pointing to worsening supply chain disruptions across the industry.
California Lawmakers Propose Ban on Fracking by 2027
SACRAMENTO, Calif. — New legislation would ban all fracking in California by 2027, taking aim at the powerful oil and gas industry in a state already planning to ban the sale of new gas-powered cars by 2035.
World’s Biggest Fracker Halliburton Sees Signs of Rebirth as Slump Ebbs
Halliburton Co. expects the rout in North American shale to peter out after history’s worst crude crash decimated many of its customers.
Shale Loses Another Global Giant After Schlumberger’s Frack Sale
Schlumberger has become the biggest oil service industry player yet to abandon frack work in North America, a sign that activity in the U.S. shale patch may never revisit previous highs.
Halliburton Rises on ‘Outstanding’ Cuts After Frack Slump
Halliburton Co. impressed investors by slashing costs more than expected as the fracking behemoth works its way through an historic shale bust. The shares surged more than 8%.
Chesapeake Pushed Into Bankruptcy by Plunging Energy Prices
Chesapeake Energy Corp., the archetype for America’s extraordinary shale-gas fortunes, filed for bankruptcy, becoming one of the biggest victims of a spectacular collapse in energy demand from the virus-induced global lockdown.
June 29, 2020Pennsylvania’s Gas Politics Churn as Trump Embraces Industry
EXTON, Pa. — For a second time in three months, President Donald Trump is headed to Pennsylvania to promote his support for the natural gas industry, making clear that he sees his pro-industry policies as a boost to his chances of winning the battleground state.