This threatens to be a dangerous situation for the U.S. oil industry going into the new year. Many experts have touted $50 as a threshold, the minimum the shale industry needs to break even.

It comes as analysts and investors are debating whether the American shale oil boom — production based on “fracking” technology — could be losing momentum. For a decade, fracking ...

Hamm’s words represent one the first signs of public push-back from the US shale industry against the Trump administration’s energy policy. Hamm, 79, was one of the president’s biggest ...

Simply sign up to the Oil & Gas industry myFT Digest -- delivered directly to your inbox. Two big American shale producers said they would cut capital expenditure on Monday in response to sliding ...

The White House is strongly considering pushing federal assistance for oil and natural gas producers hit by plummeting oil prices amid the coronavirus outbreak, as industry officials close to the ...

business and the world US energy secretary Chris Wright has said the US shale sector can deliver President Donald Trump’s pledge to “drill, baby, drill” and boost oil production even if ...

When energy companies started extracting oil from shale formations in South Texas a few years ago, they invested hundreds of millions of dollars to make the volatile crude safer to handle.

Total rig count falls six to 578, oil down five, gas steady Gulf of Mexico rig count drops to lowest since September 2021 Permian shale rig count hits lowest since December 2021 May 9 (Reuters ...

(Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy services firm Baker Hughes said in its closely followed report on ...