Halliburton, Schlumberger Limited, and Basic Energy Services have seen their stock prices decimated by weak demand and a fierce price war.
OPEC’s cuts have brought its output down to the level where forecasts are saying it needs to be to keep markets in balance.
Targa Resources Corp. (NYSE: TRGP) has agreed to sell a 45 percent stake of Targa Badlands LLC (Badlands), the entity which holds all of Targa’s assets in North Dakota, to investment funds owned by GSO Capital Partners and Blackstone Tactical Opportunities.
U.S. shale oil production is fast-growing, but pipeline bottlenecks at the Permian basin could mean that it can’t completely fill the gap being created by the drop in Venezuelan oil production.
The trucking industry has a significant relationship with shale. Can shale in the U.S. remain successful if it doesn’t throw off cash?
The number of oil rigs and the demand for flatbed trucking are rising in tandem, as WTI prices go up and the Brent-WTI spread widens.
