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Oil and Gas Drilling Commodity Market Trades, Charts

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  • Land driller Patterson-UTI profit slumps 74 pct Thursday, 23 Apr 2015 | 6:12 AM ET

    April 23- Land rig provider Patterson-UTI Energy Inc reported a 74 percent drop in quarterly profit as weak oil prices weighed on drilling activity and costs rose. Net income fell to $9.1 million, or 6 cents per share, in the first quarter ended March 31, from $34.8 million, or 24 cents per share, a year earlier. The Snyder, Texas- based company's revenue fell 3 percent to...

  • This country wants to be the next oil-boom shocker Wednesday, 22 Apr 2015 | 10:03 AM ET
    A worker looks up while changing a drill pipe on the Laurus oil drilling rig operated by Petroleos Mexicans (Pemex) in the Ku-Maloob-Zaap oilfield at Campeche Bay off the coast of Ciudad del Carmen, Mexico.

    Mexico is opening its state-run oil industry to outside investors for the first time in 75 years in a bid to match the U.S. oil-boom story.

  • Noble Energy agrees to settle Colorado air pollution case Wednesday, 22 Apr 2015 | 9:02 AM ET

    DENVER— Large oil and gas driller Noble Energy has agreed to a settlement over alleged air-pollution violations north of Denver, a deal federal officials say could cost the company up to $73.5 million. Noble, the second biggest driller in Colorado, has agreed to evaluate, make upgrades and perform inspections of its 3,400 clusters— or batteries— of tanks in the...

  • April 21- Contract driller Nabors Industries Ltd's quarterly revenue fell 10.5 percent, hurt by slower drilling activity in North America, and the company said it had cut its workforce by more than 18 percent since the end of 2014.. The company reported revenue of $1.42 billion in the quarter ended March 31, compared with the analysts' average estimate of $1.34...

  • April 21- Contract driller Nabors Industries Ltd said it reduced its global workforce by more than 18 percent since the end of 2014 as the slump in oil prices hurt drilling activity. Nabors said on Tuesday it cut its workforce by 41 percent in its U.S. drilling operations and 26 percent in Canada. The company's revenue fell 10.5 percent to $1.42 billion in the first...

  • BP CEO: Oil prices will stay 'lower for longer' Tuesday, 21 Apr 2015 | 5:18 PM ET
    Bob Dudley, chief executive officer of BP, speaks during the 2015 IHS CERAWeek conference in Houston.

    BP CEO Bob Dudley said oil companies need to adjust to new realities, including a cheap crude environment and tougher regulations.

  • 50% chance of lifting oil export ban this year: CEO Tuesday, 21 Apr 2015 | 4:16 PM ET
    Robert "Bob" Dudley, chief executive officer of BP, right, speaks with Scott Sheffield, chairman and CEO of Pioneer Natural Resources, during the 2015 IHS CERAWeek conference in Houston.

    Pioneer Natural Resources CEO Scott Sheffield says he's optimistic the U.S. will lift an oil export ban after recent meetings with lawmakers.

  • The low oil price CEOs think will last for years Tuesday, 21 Apr 2015 | 3:43 PM ET
    Gas prices

    Oil CEOs expect low oil prices to linger for at least a few years, due to a market flush with private financing and productive wells.

  • Oklahoma: From two 3.0 quakes a year—to two a day Tuesday, 21 Apr 2015 | 1:00 PM ET
    Chad Devereaux examines bricks on Nov. 6, 2011, that fell from three sides of his in-laws' home in Sparks, Oklahoma, after two earthquakes hit the area in less than 24 hours.

    Oklahoma's earthquakes are racking up millions of dollars in damages and unleashing a political and financial maelstrom.

  • The oil-price collapse changes everything: Yergin Tuesday, 21 Apr 2015 | 11:10 AM ET
    Idled oil well pump jacks sit in the yard at Wood Energy Inc. in Woodlawn, Ill, Jan. 20, 2015.

    The oil-price crash has upset the most fundamental assumptions in long-term plans to meet the world's energy needs, says the CERAWeek chair.

  • The BP oil spill: Five years later   Monday, 20 Apr 2015 | 4:30 PM ET
    The BP oil spill: Five years later

    Mitch Jurisich, the owner of Jurisich Oysters LLC, speaks to CNBC about how the oyster fishing business has fared five years following the BP oil spill.

  • How Iran is being used in US oil export arguments Monday, 20 Apr 2015 | 4:19 PM ET
    An oil tanker ship is shown moored at the loading bay of an oil refinery in Houston.

    Alaska Sen. Lisa Murkowski plans to introduce legislation this year to end the ban on US oil exports, in place since the 1970s.

  • BP spill: 5 years later   Monday, 20 Apr 2015 | 1:17 PM ET
    BP spill: 5 years later

    CNBC's Jackie DeAngelis reports on recovery 5 years after the disastrous BP Gulf oil spill.

  • The world's most important oil producer is now ... Monday, 20 Apr 2015 | 9:52 AM ET
    An oil well in the Permian Basin is shown in Garden City, Texas, Feb. 5, 2015.

    US oil companies have quickly become the new swing factor in the oil market. How they react to the crash will be key to future oil prices.

  • Crunch time for drillers   Thursday, 16 Apr 2015 | 12:51 PM ET
    Crunch time for drillers

    Energy companies are in talks with bank lenders about borrowing money, which is prompting some to dump out of their bank loans, reports CNBC's Kate Kelly.

  • Rising oil and energy stocks push market higher at midday Wednesday, 15 Apr 2015 | 12:08 PM ET

    The price of oil jumped $2.30 a barrel to $55.59 a barrel in New York. Among energy companies, offshore drilling services firm Noble Corp rose 7 percent. Delta Air Lines climbed 4 percent after its quarterly profit more than tripled.

  • Are floodgates about to open for Australia M&A? Thursday, 9 Apr 2015 | 12:38 AM ET

    Shell's takeover bid for BG may be a harbinger of more deals for Australia's resources sector, which has taken a body blow from low commodity prices.

  • Shell gambles on rocky Brazil, Petrobras with BG bid Wednesday, 8 Apr 2015 | 9:49 AM ET
    A Petrobas platform at the Brasfels shipyard in Angra dos Reis, about 115 miles west of Rio de Janeiro.

    Shell’s $69 billion bid for BG Group could increase its exposure to Brazil at a time when the country appears to be destabilizing and stagnating.

  • Goldman: Oil prices must 'stay low for longer' Tuesday, 7 Apr 2015 | 9:56 AM ET
    Pipelines and oil storage tanks in Cushing, Okla.

    U.S. oil inventory and capex falls may boost prices modestly near term, but production growth is still too strong for substantial gains, Goldman said.

  • Oklahoma shakes, and fingers point to fracking Saturday, 4 Apr 2015 | 3:09 PM ET
    Floor hands work on an oil rig in the Bakken shale formation outside Watford City, North Dakota.

    Scientists say thousands of Oklahoma quakes are caused by wells used to bury wastewater from oil and gas exploration, the NYT reports.