Guggenheim Capital LLC raised its position in Pioneer Natural Resources (NYSE:PXD – Get Rating) by 6.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,793 […]
CNBC’s Brian Sullivan talks to Scott Sheffield of Pioneer Natural Resources about oil supply and what he sees for oil prices over the next year. ENB Top News ENB Energy Dashboard ENB Podcast ENB Substack […]
Pioneer Natural Resources Corp. chief executive officer Scott Sheffield got to the point within 40 seconds of starting his formal remarks at an investor conference hosted by JPMorgan. “We’re [Pioneer] only going to grow 5% […]
Inflation in the oil sector is worsening and industry executives see no reason to expect cost pressures on everything from steel pipe to frac sand to ease any time soon. The price spiral has been […]
Crude oil prices moved higher today after the U.S. Energy Information Administration reported a crude oil inventory draw of 3.4 million barrels for the week to March 25. This compared with a decline of 2.5 million barrels the EIA […]
The U.S. shale patch is on the verge of a new boom in mergers and acquisitions, in which companies that have expanded with recent deals are expected to continue growing via acquisitions of scale to […]
The U.S. shale industry first went on a consolidation spree back in 2015 when prices tanked after Saudi Arabia turned the taps on full in response to growing shale output. Since then, the consolidation has […]
U.S. energy firms this week added oil and natural gas rigs for the fifth time in six weeks although growth in the rig count over the past few months has slowed as drillers continue to […]
KKR & Co. is building a shale-oil acquisition vehicle with the $5.7 billion combination of two little-known explorers. The buyout firm’s Independence Energy will merge with Contango Oil & Gas Co. in an all-stock deal that will be used […]
Two oil-and-gas producers that operate in Colorado— Bonanza Creek Energy Inc. BCEI -1.32% and Extraction Oil & Gas Inc. XOG 1.12% —plan to announce Monday that they are combining into a company valued at about $2.3 billion. The all-stock, no-premium merger of companies that produce […]
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