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  • NEW YORK, Jan 8- Sue Ann Arnall, the ex-wife of Oklahoma oil magnate Harold Hamm, has deposited a handwritten $975 million divorce check, Hamm's lawyer said on Thursday, in a move that may end an epic divorce battle over a fortune worth billions. In the November ruling by an Oklahoma County Court judge, Hamm, the chief executive of Continental Resources was allowed to...

  • 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...

  • 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.

  • Frack no! Some locals lament NY ban: Report Monday, 22 Dec 2014 | 11:12 AM ET
    New York Governor Andrew Cuomo greets fracking protesters outside his office in New York December 17, 2014.

    While some are praising New York's decision to ban fracking, some business owners who were hoping for a drilling-related boom are disappointed.

  • Slowdown signs emerge for oil states as crude slides Monday, 15 Dec 2014 | 7:25 AM ET
    Workers prepare pipes used in the drilling of shale gas.

    Some of the nation's top oil states are showing early signs of a slowdown as a result of the plunge in crude prices.

  • Bakken-Cushing pipeline project slammed shut Saturday, 13 Dec 2014 | 11:01 AM ET
    Tomco oil workers sands facility sign, oil field, oil pipeline

    Enterprise Products Partners is shelving a pipeline that would have transported crude from North Dakota to Oklahoma, the company said Friday.

  • Falling oil, but Bakken area up & running Monday, 1 Dec 2014 | 1:30 PM ET
    Falling oil, but Bakken area up & running

    CNBC's Brian Sullivan reports from Williston, North Dakota, on the impact of dropping oil prices. Sullivan is getting the feeling business isn't seeing a slowdown there yet.

  • Debt & costs hit Bakken stocks Monday, 1 Dec 2014 | 12:52 PM ET
    An oil-drilling rig stands on the Bakken formation in Watford City, N.D.

    CNBC's Brian Sullivan reports heavy debt loads are among the reasons why some of the Bakken stocks are taking a hit.

  • Playing oil—buy these stocks, avoid these: Pros Monday, 1 Dec 2014 | 10:03 AM ET
    A floor hand for Raven Drilling, works on an oil rig drilling into the Bakken shale formation outside Watford City, North Dakota.

    Oil stocks have taken a beating, but companies that run on energy have taken the Dow Transports to new highs.