The surge of oil and gas from America’s shale rock regions has been big news for years. Shale formations in North Dakota, Texas, and other locations have been a vital source for hydrocarbons, heavily influencing the economy and the price of oil worldwide. 656 more words
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Houston-based Nobel Energy, Inc. (NYSE: NBL) announced Monday it is acquiring Houston-based Rosetta Resources Inc. (NASDAQ: ROSE) in a deal worth $3.9 billion total.
The agreement consists of Nobel Energy receiving all Rosetta’s common stock valued at $2.1 billion and assuming the company’s net debt of $1.8 billion as of March, 2015. 338 more words
Noble Energy Inc. agreed to acquire Rosetta Resources Inc. for $2.1 billion in stock, giving the natural gas and oil producer a position in two of the largest areas of shale production in Texas.Noble will also assume Rosetta’s net debt of $1.8 billion, the companies said in a statement on Monday. 107 more words
After falling roughly 60% from July through March, oil prices are now up around 44% from their bottom. The chatter among many investors and industry players is that the… 752 more words
The U.S. shale oil boom that powered the country’s highest crude oil production levels in decades appears to be slowing down due, in part, to a glut of supplies. 282 more words
U.S. crude oil production surged last year by the largest volume in more than 100 years.
American producers pumped an additional 1.2 million barrels per day of crude oil and condensate in 2014 compared with the year before, reaching 8.7 million daily barrels, according to the U.S. 179 more words
According to the US Energy Information Administration’s (EIA) latest Drilling Productivity Report (DPR) published Monday, US shale oil production is projected to see a net gain of only 1,000 barrels per day (bpd). 426 more words