LONDON, Aug 9- U.S. shale producers need a WTI oil price around $50 per barrel to break even, according to an analysis of financial statements for the second quarter. Some firms claim they can break even and even make large profits with benchmark WTI prices below $50 or even $40 per barrel. However, Harold Hamm, chief executive of Continental Resources, a large shale...
BISMARCK, N.D.— The Latest on the resolution of the pipeline protest case against former Green Party presidential candidate Jill Stein.:. Former Green Party presidential candidate Jill Stein has pleaded guilty to misdemeanor criminal mischief in North Dakota for protesting the Dakota Access oil pipeline last year. Court records show former Green Party...
HOUSTON, Aug 9- Continental Resources Inc, one of the largest U.S. shale oil producers, will fund future wells from cash flow and not take on any new debt, Chief Executive Harold Hamm said on Wednesday. The vow from one of the shale industry's leaders and strongest advocates comes as prices mostly below $50 a barrel this year pressure oil companies to live within...
BISMARCK, N.D.— A North Dakota judge on Wednesday accepted a plea agreement that spares former Green Party presidential candidate Jill Stein any jail time for protesting the Dakota Access oil pipeline nearly a year ago. Judge Gail Hagerty accepted a plea deal in which Stein pleaded guilty to misdemeanor criminal mischief and prosecutors dropped a...
LONDON, Aug 9- U.S. shale producers need a WTI oil price around $50 per barrel to break even, according to an analysis of financial statements for the second quarter. Some firms claim they can break even and even make large profits with benchmark WTI prices below $50 or even $40 per barrel. However, Harold Hamm, chief executive of Continental Resources, a large shale...
The "alternative relief" that Standing Rock Sioux attorney Jan Hasselmen "reluctantly" proposed in court documents filed Monday includes increased public reporting of pipeline issues such as repairs, and implementation of a spill response plan— including equipment staging— at the Lake Oahe reservoir on the Missouri River, from which the tribe draws its water.
BISMARCK, N.D.— North Dakota Gov. Drought Monitor map shows 82 percent of North Dakota in some stage of drought. Most of central and western North Dakota remains in extreme or exceptional drought, the two worst categories.
Enbridge, North America's largest pipeline operator, said the project from Hardisty, Alberta, to Superior, Wisconsin, will cost C $8.2 billion, 9 percent more than its previous forcecast. Chief Executive Al Monaco said on a conference call Line 3 had obtained permits in Canada and North Dakota and Wisconsin, but still required regulatory approval from Minnesota,...
Aug 1- Philadelphia Energy Solutions LLC, the owner of the largest U.S. East Coast oil refining complex, has hired an investment bank to help tackle its debt burden, as it continues to struggle with low profit margins, people familiar with the matter said on Tuesday. The company's latest woes come five years after private equity firm Carlyle Group LP and Energy...
But it adds to growing signs of interest in bipartisan cooperation since the collapse of Republican healthcare legislation in the Senate last week. In an Aug 1 letter to President Donald Trump and Republican leaders in the Senate, 45 lawmakers led by Senate Democratic leader Chuck Schumer said a bipartisan effort would raise wages for workers, grow jobs,...
CHICAGO, July 28- U.S. wheat futures rose on Friday, buoyed by signs of poor yields in drought-hit U.S. spring wheat belts, but the benchmark Chicago Board of Trade soft red winter wheat contract was still headed for a third straight weekly loss as U.S. crop troubles were set against ample global supplies. CBOT September soft red winter wheat futures ended up 1-1/ 4...
CHICAGO, July 28- U.S. wheat futures rose on Friday, buoyed by signs of poor yields in drought-hit U.S. spring wheat belts, but the benchmark Chicago Board of Trade soft red winter wheat contract was still headed for a third straight weekly loss as U.S. crop troubles were set against ample global supplies. At 11:20 a.m. CDT, CBOT September soft red winter wheat...
PARIS/ SYDNEY, July 28- Chicago wheat rose on Friday, buoyed by poor yields shown during a tour of weather-hit U.S. spring wheat belts, but prices still headed for a third straight weekly loss as U.S. crop troubles were set against ample global supplies. The most active wheat futures on the Chicago Board Of Trade were up 0.9 percent at $4.84 a bushel at the end of the...
Chicago Board of Trade September soft red winter wheat futures were 2-1/ 2 cents higher at $4.80-1/ 4 a bushel. Spring wheat yield prospects in central and northwestern North Dakota are down significantly from a year ago following hot and dry weather during the growing season, scouts on Wheat Quality Council's annual crop tour of the state said on Wednesday.
HOUSTON, July 27- U.S. shale producers have started to trim their 2017 capital spending budgets, a tacit acknowledgement that such plans were too aggressive when crafted months ago before commodity prices weakened. The quartet are just the first in a wave of oil industry earnings results expected over the next two weeks, with many analyst expecting peers...
PARIS/ SYDNEY, July 27- Chicago wheat futures rose on Thursday, pulling away from a one-month low struck a day earlier, as a widely watched crop tour showing poor yields for U.S. spring wheat shifted attention back to weather risks. The most active wheat futures on the Chicago Board of Trade had climbed 0.9 percent to $4.82 a bushel by 1133 GMT. The rise extended a...
SYDNEY, July 27- U.S. wheat rose 1 percent on Thursday to rebound from a near one-month low touched in the previous session, with a widely watched crop tour showing extensive damage to yields from recent hot, dry weather. The most active wheat futures on the Chicago Board of Trade had climbed 1.2 percent to $4.83-1/ 2 a bushel by 0248 GMT. The Wheat Quality Council tour...
*The most active wheat futures on the Chicago Board Of Trade rose 0.5 percent to $4.80-1/ 4 a bushel by 0110 GMT, having closed up 0.8 percent on Wednesday when prices touched a near one-month low of $4.73 a bushel. *The most active corn futures were also little changed at $3.86-1/ 4 a bushel, having gained 1 percent in the previous session after prices had earlier hit a...
Despite the weak results and oil price environment, Chief Executive John Hess touted the company's growth potential, citing process and technology improvements. In North Dakota's Bakken shale, for instance, the company expects output to grow 10 percent per year "over the next several years," Hess said. Gulf of Mexico and the Gulf of Thailand, posted a net loss of...
Most of that will be spent in North Dakota, though some will be used in the company's Colorado operations. Fellow North Dakota producer Hess Corp slashed its 2017 spending earlier on Wednesday. Whiting posted a net loss of $66 million, or 18 cents per share, compared to a net loss of $301 million, or $1.33 per share, in the year-ago period.
