· Hillenbrand: Softness In End-Markets To Weigh On 2020 Revenue →
It is intuitively evident that demand for proppant and, hence, liquidity of frac sand companies depend on the capital allocation priorities of the U.S. shale players and drilling activity, which, in turn, hibernates when oil prices are lingering well below $40 a barrel.
· Bulls And Bears On Texas Pacific Land →
Oil prices crashed and drilling continues to slow.
· Are Non-OPEC's Best Days In The Rear-View Mirror →
The increase is due to Chinaʼs oil companies increasing spending and drilling to maintain and increase output.
The Wall Street Journal
· Coronavirus Threatens to Hobble the U.S. Shale-Oil Boom for Years →
While oil prices have rebounded in recent days and are above $33 a barrel, U.S. output is still poised to fall because companies aren’t drilling enough wells to make up for production declines from existing wells.
· Cobalt Miners News For The Month Of May 2020 →
This agreement provides a platform for Barra to unlock the potential at Burbanks on a zero risk basis with FMR funding initial drilling and mining costs at the shallower Mainlode deposit, with profits going into a future fund for deep exploration drilling below historical workings and where high grade mineralisation is known to continue.
· Cabot Oil & Gas: Best Of Breed, But Appears Overpriced →
As such, it is now speculated that with oil drilling being cut back as a result of the diminished demand, NG produced as a byproduct of oil drilling will be reduced to the point that NG prices overall will rise considerably, to the great benefit of an efficient NG producer such as COG.
· UNG: Natural Gas Could Rally By 50% Over The Next Year →
However, since prices have crashed, producers are no longer incentivized to produce at the same levels of times past, so drilling activity slows.
· Gran Tierra Energy: Quickly Deteriorating Liquidity Leaves Them Vulnerable →
To minimize their negative free cash flow, the company has elected to defer the majority of capital expenditures for the remainder of 2020, by stacking all drilling and workover rigs and suspending development activities.
· From Macau's casinos to a Kallang farm: The gaming industry professional who now grows baby spinach →
It was challenging work, as he did all the sawing, drilling and lifting, and even suffered a back injury from hunching over and moving around too much.
· Pacific Drilling: Strong Recent Performance But The Decline Could Be Coming →
On Thursday, May 7, 2020, ultra-deepwater drilling specialist Pacific Drilling S.A. (PACD) announced its first quarter 2020 earnings results.