Chesapeake Denies Plans to File for Bankruptcy
Shares of Chesapeake Energy were halted in the late morning Monday after the stock had plummeted by about 50% with news pending.
Shares of Chesapeake Energy were halted in the late morning Monday after the stock had plummeted by about 50% with news pending.
With crude oil prices diving below $30 a barrel again Monday morning, announcing a change in top management at an already-weakened MLP is having a huge negative impact on its stock price.
Monday morning's price a gallon of regular gasoline is the lowest for this date since GasBuddy began keeping records in 2008.
Diamond Offshore Drilling reported fourth-quarter and full-year 2015 results before markets opened on Monday.
The three largest U.S. oil and gas companies have now reported fourth-quarter earnings, and the results were about what most observers expected with one mildly positive surprise.
With the national average price for a gallon of regular at $1.83, the price in some parts of California is 120% above that.
As bad as it is for National Oilwell Varco employees who lose their jobs, investors are more receptive to cost cutting.
In the week ended February 5, the number of rigs drilling for oil in the United States totaled 467, according to the Baker Hughes North American Rotary Rig Count.
The price for a gallon of regular gasoline has risen to about $5 in San Francisco, according to GasBuddy.
When the Obama Administration on Thursday proposed imposing a $10 per barrel tax on every barrel of oil produced in the United States., the reaction was muted because it didn't really need to be…
Everyone is wondering just how low the price of oil can go. The reality is that we now have an oversupply issue.
Very early Friday morning, independent oil and gas producer Hess announced that it had priced an underwritten offering of 25 million shares of common stock at $39 per share
The EIA reported Thursday morning that U.S. natural gas stocks decreased less than expected for the week ending January 22.
On Wednesday, the EIA reported that crude oil in storage now totals more than 500 million barrels. Are the tanks about to overflow?
With fourth-quarter results reasonably good, Deutsche Bank is raising price targets on some top oil exploration and production stocks.