Gas Industrial Oil Prices Texas 
Green Car Congress
DECEMBER 5, 2014
The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. When oil prices were high and production was relentlessly climbing, energy related junk bonds looked highly profitable. The situation will compound itself if oil prices stay low.
Green Car Congress
JANUARY 21, 2015
US oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending. That pushed companies to focus on wet gas and oil.
Green Car Congress
NOVEMBER 26, 2015
an industry consultant, oil and gas companies have laid off more than 250,000 workers around the world, a tally that will rise if oil prices remain in the dumps. “I Still, upstream E&P companies are also being substantially squeezed by another plunge in oil prices. According to Graves & Co.,
Green Car Congress
JULY 13, 2016
Because of this, the collective US shale industry has been likened to the new “swing producer”: low oil prices force quick cutbacks but higher prices trigger new supplies. The Wall Street Journal , using data from IHS, estimates that roughly 70 percent of the fracking equipment across the shale industry has been idled.
Green Car Congress
NOVEMBER 7, 2014
The shale revolution’s sweet spot is oilfield services, the lower-risk backbone of the American oil and gas boom that pays off regardless of a play’s economics. And while oil prices slumped in October, drilling activity continues to rise, according to Baker Hughes , the third-largest oil services company.
Green Car Congress
AUGUST 31, 2016
The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas. The West Texas shale basin has captured two-thirds of the 90 oil rigs that have been added since hitting a nadir in May. by Nick Cunningham of Oilprice.com.
Green Car Congress
MAY 30, 2019
ExxonMobil expects to increase annual earnings potential by more than 140% and double potential annual cash flow from operations by 2025 from 2017 adjusted earnings, assuming a 2017 oil price of $60 per barrel adjusted for inflation and based on 2017 margins. —Darren Woods.
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