May 2- Magnum Hunter Resources Corp and its founder Gary Evans are emblematic for the U.S. shale revolution: it started small, borrowed heavily to snap up land and rivals and then crumbled under the weight of debt when prices crashed. With little chance of seeing hundreds of millions of dollars in debt repaid, creditors including Goldman Sachs, Highbridge Capital...
OMAHA, Neb., April 30- Warren Buffett said on Saturday that Berkshire Hathaway Inc is poised to do well no matter who wins the White House in November, and the billionaire investor defended the performance and tactics of the conglomerate's several large investments. Buffett, a staunch supporter of Democrat Hillary Clinton for president, was asked about the...
OMAHA, Neb., April 30- Warren Buffett on Saturday defended several of Berkshire Hathaway Inc's larger or struggling investments, including Coca-Cola and the BNSF railroad. Speaking at Berkshire's annual shareholder meeting in Omaha, Nebraska, Buffett also said overall first-quarter operating profit probably fell 12 percent to $3.73 billion from $4.24...
HOUSTON, April 29- Exxon Mobil Corp, the world's largest publicly traded oil producer, reported a higher-than-expected first-quarter profit on Friday as it slashed costs to offset plunging crude prices and weak refining margins. Exxon reported net income of $1.81 billion, or 43 cents per share, down from $4.94 billion, or $1.17 per share, a year earlier.
Sen. Heidi Heitkamp (D-N.D.), discusses North Dakota's turnaround plan after the collapse in oil prices.
The crash in oil prices has brought a major economic hangover to states that are big energy producers.
Some states are better than others at giving their residents returns on their tax dollars. WalletHub.com takes a look
Some North Dakota oil drillers are turning to acreage beyond the Bakken formation where their cost per barrel is lower.
CNBC's Brian Sullivan reports from Williston, North Dakota about the state of oil drilling there as oil prices stay low.
This is a time action will speak louder than words, says Tom Petrie, Petrie Partners chair, discussing the collapse in crude prices, OPEC's production, and Iran's return to the oil market.
CNBC's Brian Sullivan reports on how the collapse in oil prices is impacting the epicenter of the domestic oil revolution in the U.S.
As oil prices have collapsed, drilling and overall business are down in Williston, a shale boomtown in North Dakota.
The shale revolution transformed North Dakota's economy. The question is what growth will look like on the other side of the oil price downturn.
Less than a year ago major shale firms were saying they needed oil above $60 a barrel to produce more; now some say they will settle for far less.
Lower crude prices are helping lift much of the U.S. economy, but oil-producing regions are getting clobbered.
Some states dependent on energy revenues are facing strained budgets due to low oil prices, according to an S&P report.
Boot Barn says sales during its recently ended quarter were hurt by weakness in regions where the local economy depends on oil.
The projected declines in 2016 non-OPEC crude production will come from shale drillers, not oil majors, analysts tell CNBC.
A number of drillers saw their stock rise on Tuesday despite oil prices hitting their lowest levels since 2009.
U.S. oil producers proved remarkably resilient in the face of an OPEC policy aimed squarely at curtailing American output.