Wednesday, December 11, 2019

Pioneer Natural Resources News

Top Shale CEO Says OPEC Shouldn't Worry About U.S. Oil Growth

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Pioneer Natural Resources Chief Executive Scott Sheffield said on Tuesday that he expects the Permian Basin, the top U.S. shale field, to "slow down significantly over the next…

Investors Brace for Poor US Shale Earnings

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Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations.Major…

Chevron to Buy Anadarko for $33 Bln

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Chevron Corp on Friday said it will buy oil and gas producer Anadarko Petroleum Corp for $33 billion in cash and stock in a deal that doubles down on its bet on U.S. shale and LNG as U.S.

Oil Majors Rush to Dominate US Shale

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In New Mexico's Chihuahuan Desert, Exxon Mobil Corp is building a massive shale oil project that its executives boast will allow it to ride out the industry's notorious boom-and…

Oil, Gas Majors Join Blockchain Consortium

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A group of seven major oil and gas companies, including ExxonMobil Corp., Chevron Corp. and ConocoPhillips, announced a partnership to establish the first industry blockchain consortium…

US Rig Count Climbs

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U.S. energy firms this week increased the number of oil rigs operating for a second week in a row amid concerns that crude supplies will swamp global demand as U.S. output keeps…

India's Reliance Sheds TX Shale Assets

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Reliance Industries Ltd said on Tuesday its unit would sell some of its shale assets in the United States to privately held Sundance Energy Inc for $100 million, as the Indian oil…

Apache's Latest Plan Shows U.S. Shale Boom Has Legs

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Apache Corp Chief Executive John Christmann is betting the future of his company on a remote corner of the Permian Basin, the largest U.S. oilfield, planning to spend billions of…

API Launches Voluntary Program to Cut Methane

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The American Petroleum Institute on Tuesday launched a voluntary program to cut emissions of the greenhouse gas methane from oil and gas operations, a move environmentalists said…

US Shale Eases Into Detente with OPEC as Supply Cut Extended

U.S. producers applauded Thursday's decision by the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers led by Russia to extend output cuts until the end of 2018.

OPEC Agrees Oil Cut Extension to End of 2018

OPEC agreed on Thursday to extend oil output cuts until the end of 2018 as it tries to finish clearing a global glut of crude while signalling it could exit the deal earlier if the market overheats.

US Shale Producers Promise Higher Output and Returns

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U.S. shale producers are telling investors impatient for better returns that they can keep boosting oil output aggressively and do so while still making money for shareholders. Investors have pushed top U.S.

Pioneer Natural Swings to Q3 Loss on Hedging Charges

Pioneer Natural Resources Co , one of the largest oil producers in the Permian Basin of West Texas and New Mexico, said on Wednesday it swung to a quarterly loss due to hedging charges.

US Oil Rig Count Highest Since Sept. 2015 -Baker Hughes

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U.S. drillers added oil rigs for an eighth week in a row to the most since September 2015, extending a ten-month recovery as energy companies boost spending to take advantage of…

As Trump Targets Energy Rules, Oil Companies Downplay their Impact

President Donald Trump (Official White House photo)

President Donald Trump’s White House has said his plans to slash environmental regulations will trigger a new energy boom and help the United States drill its way to independence from foreign oil. But the top U.S.

Chevron Boosts Permian Shale Output

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Nearly a century after Chevron Corp amassed the No. 2 stake in America's largest oilfield, Chief Executive John Watson is hitting the accelerator on developing the company's vast Permian Basin holdings.

US Shale CEO Sees Saudi Arabia Moving to Lift Oil Prices

Saudi Arabia likely will move to boost oil prices after a recent drop in order to prop its own national finances, the chief executive of U.S. shale oil producer Pioneer Natural Resources Co said on Tuesday.

US Shale Producers Say Spending Flexibility Is Key

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U.S. shale oil producers plan to keep drilling new wells despite this month's crude price drop but expect to revisit spending should pricing remain below $45 a barrel for several months.

Pioneer Natural Swings to Profit, but Slashes 2017 Budget

U.S. shale oil producer Pioneer Natural Resources Co said on Tuesday it swung to a quarterly profit but would cut $100 million from its 2017 capital budget. The company, one of…

US Shale Output Poised to Keep Rising Despite Investor Concerns

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Shale production in the largest U.S. oilfield should rise by as much as 300,000 barrels per day by December, according to updated forecasts following the industry's latest quarterly results.