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Exxon Buys Pioneer for $60 Billion to Create Shale Giant
The deal is Exxon’s largest since its merger with Mobil in the late 1990s and is the biggest corporate transaction so far this year. Source
The Oil Patch Is Primed for an Era of Megadeals
A tie-up between Exxon and Pioneer would put pressure on Chevron and other rivals to pursue deals of their own. Source link
Oil is Near $100. Shale Isn't Coming to the Rescue.
Frackers are constrained by investor payouts, inflation and interest rates, keeping spending in check. Source link
With CEO Out, BP Faces Choice of Whether to Abandon Push to Go Green
The surprise departure of Bernard Looney presents an opportunity for the oil giant to again prioritize fossil fuels. Source link
The Race to Drill America's Longest Oil and Gas Wells
With the shale boom’s end in sight, some companies are trying to impress Wall Street by eking out growth—and drilling ever deeper. Source link
Exxon and Chevron Stalk More Shale Deals as Profits Dip
The oil giants together added $14 billion in profits to their cash piles and have signaled they’re not finished shopping for potential acquisitions. Source link
Russia Defies Sanctions by Selling Oil Above Price Cap
Higher prices could bolster Moscow’s oil-export revenues, which last month dropped to just over half their level from a year ago. Source link
America's Rise as Energy Export Powerhouse Hinges on One Town
Pipelines to Corpus Christi, Texas, are near capacity as U.S. oil production approaches records. Source link
That Extreme Heat Hasn't Budged Natural-Gas Prices
With a glut from the warm winter, the power-generation fuel costs 60% less than last summer. Source link
These Energy Companies Don't Need Sky-High Oil and Gas Prices
Oil field service companies shares are beating those of their customers Source link