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  • UPDATE 1-Halcon Resources cuts 2015 spending again Thursday, 8 Jan 2015 | 6:06 PM ET

    Jan 8- Oil and gas producer Halcon Resources Corp said it would further cut its drilling and completion budget for 2015, responding to the continuing fall in oil prices. Halcon said on Thursday it now expected to spend between $375 million to $425 million, down from its earlier forecast of $750 million to $800 million. The midpoint of the earlier forecast on Nov. 10...

  • Halcon Resources cuts 2015 spending again Thursday, 8 Jan 2015 | 4:44 PM ET

    Jan 8- Oil and gas producer Halcon Resources Corp said it would further cut its drilling and completion budget for 2015, responding to the continuing decline in oil prices. Halcon said on Thursday it now expected to spend between $375 million to $425 million, down from its earlier forecast of $750 million to $800 million. The company, which operates in the Bakken...

  • These 2 U.S. drillers have 'great rocks': Analyst Thursday, 8 Jan 2015 | 3:09 PM ET
    Workers connect drill bits and drill collars on Endeavor Energy Resources’ Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas, Dec. 12, 2014.

    Investors who believe in a long-term recovery in oil prices should look to exploration and production companies, said David Tameron.

  • WASHINGTON, Jan 8- The treasuries of U.S. states with large energy sectors are swinging wildly from full to empty as oil prices take unexpected turns, a new report released on Thursday by the Pew Charitable Trusts shows. North Dakota follows, alongside Vermont, at 11.6 percent. In 2013 severance taxes made up 39.7 percent of Wyoming's revenue and 46.4 percent of...

  • WASHINGTON, Jan 8- U.S. Senate Republicans on Thursday advanced a bill to approve construction of the Keystone XL oil pipeline, their top priority in a new campaign to push back President Barack Obama's policies now that they fully control Congress. The Republican-led Senate Energy Committee approved the measure on a 13-9 vote, sending it to the full Senate for...

  • OPEC decided against limiting production at its last meeting on Nov 27, despite misgivings from non-Gulf members, after Saudi Oil Minister Ali al-Naimi said the group needed to defend market share against U.S. shale oil and other competing sources. OPEC has forecast an increasing surplus in 2015, citing rising supplies outside the group and lackluster...

  • COLUMN-Bakken oil prices not far from 2008-09 lows: Kemp Wednesday, 7 Jan 2015 | 10:19 AM ET

    LONDON, Jan 7- Prices received by oil producers in North Dakota's Williston Basin have averaged less than $34 per barrel so far this month, according to the list of posted prices issued by Plains Marketing. News reports in recent days have been full of stories about WTI and Brent futures prices falling down through $50 but many U.S. physical crude producers are...

  • LONDON, Jan 7- Unless prices recover, U.S. oil production will start falling before the end of 2015 as new drilling is insufficient to replace declining output from wells completed in 2013 and 2014.. Decline curves for typical shale wells in the Bakken, the Permian Basin and the Eagle Ford are all widely available on the internet, as are basic data on the number of...

  • Jan 6- Harold Hamm, the chief executive of oil driller Continental Resources who is embroiled in a bitter divorce, offered to pay his former wife $974.8 million, but she rejected a hand-written check, lawyers for both sides said on Tuesday. Hamm's offer would have paid his ex-wife, Sue Ann Arnall, immediately the full cash value of what he owes based on a November...

  • WASHINGTON, Jan 6- Republican senators kicked off the new U.S. Congress with legislation to approve the hotly disputed Keystone XL oil pipeline, but the White House promptly threatened a veto. "There is already a well-established process in place to consider whether or not infrastructure projects like this are in the best interest of the country," White House...

  • New GOP Congress, new Keystone pipeline bill Tuesday, 6 Jan 2015 | 1:27 PM ET
    A weld shack is moved toward a pipe joint during construction of the Keystone XL Pipeline in Atoka, Oklahoma.

    Newly empowered Republicans are wasting no time in their agenda, with a push to revive the Keystone XL Pipeline bill.

  • WASHINGTON, Jan 6- Republican senators this week made good on a campaign promise and kicked off the new Congress with a bill to approve the Keystone XL pipeline, saying if President Barack Obama vetoes it, they have a plan to pass the measure later in the year. Senator John Hoeven, a North Dakota Republican, introduced a bill on Tuesday to approve TransCanada Corp's...

  • LONDON, Jan 5- "Don't try to catch a falling knife" is sage advice for investors trying to identify the trough in a market like oil following a sharp selloff. Prices realised by oil producers in Texas have fallen below $50 per barrel and those for producers in North Dakota are sub- $40.. Continental Resources, one of the largest producers in the Bakken, revised its...

  • WASHINGTON, Jan 2- The head of the Senate energy committee plans to introduce a bill next week to force approval of the Keystone XL oil pipeline, though the full chamber faces a battle in obtaining needed votes to overcome any veto by President Barack Obama. Keystone supporters say they picked up votes for TransCanada Corp's $8 billion project in November's...

  • WASHINGTON, Jan 2- The head of the Senate energy committee plans to introduce a bill next week to force approval of the Keystone XL oil pipeline, though the full chamber faces a battle in obtaining needed votes to overcome any veto by President Barack Obama. Senator Lisa Murkowski, an Alaska Republican and the new head of the energy committee, will introduce the...

  • The Bakken Club, which Halliburton, Statoil, Weatherford and other companies joined for a $15,000 initiation fee and minimum monthly food spend of $750, was evicted from its downtown Williston locale on Dec. 21 for not paying rent, according to court filings. "The business model was working and it will continue to work," added Lundeen, who is also an investor in The...

  • NEW YORK, Dec 31- Mexican crude oil is sailing to the U.S. East Coast at the highest rate in over a decade, according to customs data reviewed by Reuters, in a sign deepening discounts help crack open new markets as domestic shale inundates Texas. It was the refiner's first imports from Mexico since 2009, the furthest the data go back. Monroe has received two more...

  • The retrenchment at Civeo Corp, which provides temporary housing for oilfield workers and miners, is the most-severe symptom of pain inflicted on the oil service industry by the slide in crude prices, and may presage similar steps by peers. Analysts and investors say Civeo's problem is that it has spread itself geographically too thin, with not enough cash to...

  • WILLISTON, N.D., Dec 29- Civeo Corp, which provides temporary housing for oilfield workers and miners, slashed its workforce on Monday and said revenue could fall by a third as slumping crude prices force oil producers to cut costs. The warning adds jitters to the already-wary global oil market and highlights weakness in Australia's coal industry, one of Civeo's...

  • Price plunge puts oil patch jobs at risk Tuesday, 23 Dec 2014 | 1:54 PM ET
    A derrick hand works on an oil rig drilling into the Bakken shale formation outside Watford City, North Dakota.

    Whlie falling oil prices are helping the U.S. economy, job prospects in the oil patch aren't so bright.