A gas driller that was targeted with allegations that it polluted residential water wells in Pennsylvania has filed a $5 million lawsuit against a Pennsylvania resident and his lawyers, asserting they tried to extort the company through a frivolous lawsuit. Cabot Oil& Gas Corp. said Dimock resident Ray Kemble and his lawyers sought to harass and extort the...
U.S. OIL DRILLERS CUT RIGS FOR 2ND WEEK IN THREE -BAKER HUGHES.
DIMOCK, Pa.— The Latest on federal government testing of water wells in Dimock:. Cabot Oil and Gas Corp. released a statement Thursday after learning that government scientists are collecting water samples from about 25 homes in Dimock, where some residents continue to blame the driller for contaminating their drinking water. Government scientists are...
TULSA, Okla. _ Unit Corp. on Thursday reported second-quarter net income of $9.1 million, after reporting a loss in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.
Iain Reid, senior oil and gas equity analyst at Macquarie, expects Shell to have a positive quarter and discusses oil players he thinks are doing well - and those who aren't.
OIL DRILLERS CUT RIGS FOR SECOND WEEK SINCE JANUARY- BAKER HUGHES.
Colorado offers a view into how the U.S. shale oil recovery is unfolding beyond the high-growth Permian Basin in Texas.
U.S. shale production is expected to surge throughout the remainder of the year but investors should be prepared for nowhere near as much growth in 2018, according to Dan Yergin, vice chairman at IHS Markit.
More mergers and acquisitions and shareholder activism are likely on the way in the oil market, Osmar Abib, head of oil and gas at Credit Suisse said.
A turning point in the oil market is on the horizon amid a sharp drop in investments and a lack of fresh conventional discoveries, Saudi Aramco's chief executive told CNBC on Monday.
Qatar Petroleum plans to boost gas production from its giant North Field, which it shares with Iran, by 20 percent after new gas development, the CEO said.
Helima Croft, RBC managing director and head of commodity strategy, and Stephen Schork, editor of The Schork Report, discuss the impact of the Gulf crisis on oil markets.
OIL PRICES HIT SESSION HIGHS AFTER BAKER HUGHES DATA SHOWS OIL DRILLERS CUT RIGS FOR FIRST WEEK SINCE JANUARY.
OIL DRILLERS CUT RIGS FOR FIRST WEEK SINCE JANUARY- BAKER HUGHES.
Goldman has downgraded its forecast for oil prices over the next quarter amid a sudden uptick in shale drilling.
Investors worry when oil prices tank, the stock market will fall next. Oil prices are falling, but something is different this time.
The Tel Aviv Stock Exchange is about to see its largest IPO ever with the sale of part of the Tamar natural gas field by Delek Drilling.
Oil prices have lost 20 percent in value this year, marking its worst performance since 1997.
West Texas Intermediate futures are now 20 percent off their January high.
Oil prices fall to the lowest levels since November after news of increases in supply.