US shale oil producers are in line to suffer more than USD 10 billion in derivative hedging losses this year if oil prices remain around $100 per barrel, Rystad Energy research shows. Many shale operators […]
US E&P companies have so far hedged 41% of their total forecasted 2021 oil output at an average price floor of $42 per barrel (Nymex WTI equivalent), lower than this year’s floor of $56 per […]
Several large and small independent US oil and gas producers have filed for bankruptcy this year as their debt burden peaked and hopes of cash flow recovery plunged due to the downturn caused by the […]
US oil producers have been expected for some time to have to shut down oil production as a result of the Covid-19 pandemic, but they were initially slow to move. Now that profitability and storage […]
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