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Tag: producers
Texas Shale Producers Ask State To Limit Oil Production
2020-03-20 18:05:00| OGI
The Texas oil and gas regulator, the Texas Railroad Commission, imposed production limits on producers in the 1930s to try to prop up prices and later was a model for the creation of OPEC.
Tags: state
production
limit
texas
Oklahoma Producers On Shaky Ground As Oil Price War Hits
2020-03-20 13:54:15| OGI
It costs about $48.19 a barrel to produce oil in Oklahomas SCOOP and STACK shale plays, the highest in the United States, according to a Deutsche Bank analysis.
US Shale Producers Cut Executive Pay As Oil Prices Crash
2020-03-19 10:10:00| OGI
U.S. shale producer Parsley Energy said March 18 it would slash executive pay 50%, the deepest such cut announced so far since the oil price collapse.
Tags: pay
prices
cut
executive
Halliburton To Furlough 3,500 Workers As Shale Producers Cut Spending
2020-03-18 02:30:00| OGI
Halliburton's stock has fallen around 70% in the past four weeks, to $6.14. The oilfield services provider already took a series of aggressive cost-cutting measures last year.
Tags: cut
workers
spending
producers
Exxon Mobil, Hess, Concho, Callon, Kosmos Join US Producers Tightening Capex
2020-03-17 19:00:00| OGI
On average, Reuters estimates North America oil and gas producers have cut their 2020 budgets by about 30% since the fall in oil prices.
Tags: join
mobil
producers
hess
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