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Exxon Buys Pioneer for $60 Billion to Create Shale Giant
Business

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
Business

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.
Business

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

The Race to Drill America's Longest Oil and Gas Wells
Business

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

Russia Defies Sanctions by Selling Oil Above Price Cap
Business

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
Business

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

These Energy Companies Don't Need Sky-High Oil and Gas Prices
Finances

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

Shale Industry Is Dropping Drilling Rigs, Fast
Finances

Shale Industry Is Dropping Drilling Rigs, Fast

Smaller fracking companies are feeling the pinch of inflation, lower oil and gas prices, and fewer prime drilling spots. Source link

Saudi Arabia to Lose Top Spot in OPEC+
Finances

Saudi Arabia to Lose Top Spot in OPEC+

The kingdom is set to fall below Russia as the largest oil producer in the alliance as its production cuts begin to bite, tightening the

Iran Floods Global Markets With Cheap Oil as Saudi Arabia Cuts Output
Finances

Iran Floods Global Markets With Cheap Oil as Saudi Arabia Cuts Output

Iranian crude exports have hit a five-year high in recent months as the country ships more oil to China and other buyers. Source link