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Ovintiv Dropping 16 Rigs
Friday, March 13, 2020 Ovintiv Inc. plans to drop more than two-thirds of its operated rigs amid $300 million in Q2 capex cuts.

Texas Shale Heartland Rattled by Virus and Price War
Friday, March 13, 2020 Just last week, when crude oil prices fell to $46 a barrel, the mayor of the biggest city in the world's largest shale oil patch seemed oddly calm, almost relieved.

OPEC+ Wages War on US Shale Sector
Friday, March 13, 2020 Here are some of Rigzone's top stories during the last week, just in case you missed them...

Murphy Oil to Delay Some Gulf of Mexico Wells
Friday, March 13, 2020 Murphy has reevaluated its 2020 budget and reduced it by $500 million to $950 million.

Saudi-Russia Price War Drives Rough Week for Oil
Friday, March 13, 2020 Here is a breakdown of the most-viewed articles on Rigzone during the period that had some connection to the downstream.

Shale Drillers Seek Jones Act Waiver to Ease Price Pain
Friday, March 13, 2020 US oil companies are encouraging the Trump administration to waive a law that says only American vessels can transport goods among US ports.

TC Energy to Acquire Pioneer Pipeline
Friday, March 13, 2020 NOVA Gas Transmission Ltd. will integrate the Pioneer Pipeline into its natural gas pipeline infrastructure in Alberta.

ONEOK Suspends Select Expansion Projects
Friday, March 13, 2020 The company has also cut 2020 capex by $500 million.

US to Buy Large Quantities of Oil for Reserve
Friday, March 13, 2020 President Trump said he's instructed the Energy Department to buy crude "at a very good price."

Apache Responds to Low Oil Prices
Friday, March 13, 2020 Apache Corporation has announced multiple actions in response to the current oil price environment.

7 Days

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Which US Oil Companies Are Going to Struggle?
Thursday, March 12, 2020 U.S. shale companies that are highly leveraged will struggle with the current low oil prices due to the nature of their business model, Edison outlines.

US Suspends Oil Sale
Wednesday, March 11, 2020 The U.S. Department of Energy is suspending its recently announced sale of crude oil from the strategic petroleum reserve.

Shell Puts Two US Refineries up for Sale
Monday, March 09, 2020 The move is in line with the company's plans to reshape its global refining portfolio.

Occidental to Slash Spending After Oil Crash
Monday, March 09, 2020 Shares of Occidental dropped as much as 48 percent Monday amid a broad market sell-off.

Texas Oil Bodies Respond to Oil Price Crash
Tuesday, March 10, 2020 The Texas Independent Producers & Royalty Owners Association and the Texas Oil & Gas Association have spoken to Rigzone following the latest oil price crash.

Matador Releasing Rigs, Cutting Management Compensation
Thursday, March 12, 2020 The company expects to take the following actions over the next several months.

Parsley, Diamondback Tweak Drilling Outlook on Weak Prices
Tuesday, March 10, 2020 Planned activities are now in the context of $30-$35 WTI oil prices for the remainder of the year.

Marathon Dials Back Activity, Trims 2020 Budget
Wednesday, March 11, 2020 The revised budget of $1.9 billion or less is a 30 percent reduction in comparison to 2019 capital spend.

Oil Workers Test Positive for Virus
Wednesday, March 11, 2020 One Equinor worker and one Shell worker have tested positive for the coronavirus.

Basic Energy Acquires C&J Well Services Ops for $94MM
Tuesday, March 10, 2020 The deal increases the company's footprint in the Permian, California and other key oil basins.

14 Days

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Which US Oil Companies Are Going to Struggle?
Thursday, March 12, 2020 U.S. shale companies that are highly leveraged will struggle with the current low oil prices due to the nature of their business model, Edison outlines.

Pioneer Energy Service Files Chapter 11 Bankruptcy
Tuesday, March 03, 2020 The Chapter 11 process will not include its international entities.

US Suspends Oil Sale
Wednesday, March 11, 2020 The U.S. Department of Energy is suspending its recently announced sale of crude oil from the strategic petroleum reserve.

Shell Puts Two US Refineries up for Sale
Monday, March 09, 2020 The move is in line with the company's plans to reshape its global refining portfolio.

Denbury Sells Working Interest in Texas Oil Fields
Friday, March 06, 2020 Associated proved reserves were about 4.1 million barrels of oil as of Dec. 31, 2019.

Occidental to Slash Spending After Oil Crash
Monday, March 09, 2020 Shares of Occidental dropped as much as 48 percent Monday amid a broad market sell-off.

Exxon Hits the Brakes on Permian After Virus Pummels Oil
Thursday, March 05, 2020 It's one of the first signs that the majors are throttling back on production in response to the recent price slump.

Texas Oil Bodies Respond to Oil Price Crash
Tuesday, March 10, 2020 The Texas Independent Producers & Royalty Owners Association and the Texas Oil & Gas Association have spoken to Rigzone following the latest oil price crash.

Matador Releasing Rigs, Cutting Management Compensation
Thursday, March 12, 2020 The company expects to take the following actions over the next several months.

ConocoPhillips Divests Niobara and Permian Assets
Friday, March 06, 2020 ConocoPhillips has completed two transactions to sell its Niobara and Waddell Ranch assets.

Month

Most Viewed Articles

Chevron Launching Layoffs in April
Tuesday, February 25, 2020 Some employees will be offered temporary assignments, with extended layoff dates potentially through the end of this year.

Which US Oil Companies Are Going to Struggle?
Thursday, March 12, 2020 U.S. shale companies that are highly leveraged will struggle with the current low oil prices due to the nature of their business model, Edison outlines.

Pioneer Energy Service Files Chapter 11 Bankruptcy
Tuesday, March 03, 2020 The Chapter 11 process will not include its international entities.

US Suspends Oil Sale
Wednesday, March 11, 2020 The U.S. Department of Energy is suspending its recently announced sale of crude oil from the strategic petroleum reserve.

Shell Puts Two US Refineries up for Sale
Monday, March 09, 2020 The move is in line with the company's plans to reshape its global refining portfolio.

Denbury Sells Working Interest in Texas Oil Fields
Friday, March 06, 2020 Associated proved reserves were about 4.1 million barrels of oil as of Dec. 31, 2019.

Occidental to Slash Spending After Oil Crash
Monday, March 09, 2020 Shares of Occidental dropped as much as 48 percent Monday amid a broad market sell-off.

Exxon Hits the Brakes on Permian After Virus Pummels Oil
Thursday, March 05, 2020 It's one of the first signs that the majors are throttling back on production in response to the recent price slump.

Texas Oil Bodies Respond to Oil Price Crash
Tuesday, March 10, 2020 The Texas Independent Producers & Royalty Owners Association and the Texas Oil & Gas Association have spoken to Rigzone following the latest oil price crash.

Oil Sinks in Worst Week Since 2008
Friday, February 28, 2020 Oil had it worst week since the financial crisis as panic over the coronavirus pandemic battered global markets.