In Texas Oil Town, Early Signs Of Economic Strain As Drilling Slows – Huffington Post


Huffington Post
In Texas Oil Town, Early Signs Of Economic Strain As Drilling Slows
Huffington Post
NEW YORK, March 29 (Reuters) – Sales tax receipts in the thriving oil town of Midland, Texas, fell this month, only the third decline in five years and one of the first signs of how low oil prices are beginning to ripple beyond oil company bottom lines
CORRECTED-In Texas oil town, early signs of economic strain as drilling slowsReuters
Texas oil town boom deflates as drilling slowsFinancial Post

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Texas manufacturing takes a hit from low oil prices – Dallas Morning News


Dallas Morning News
Texas manufacturing takes a hit from low oil prices
Dallas Morning News
The pace of Texas manufacturing activity declined in March, with the production index falling to its first negative number in nearly two years, according to a survey released Monday by the Federal Reserve Bank of Dallas.
Texas hasn’t been this bad in two yearsBusiness Insider
Texas Manufacturing Starts to Shrink: Sub-$50 Oil Reality Sets In24/7 Wall St.
Low Oil Prices Slamming Texas Economy, ManufacturersIndustryWeek
Bloomberg –Financial Times
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Oil workers in West Texas and New Mexico were underpaid millions, Labor … – FuelFix (blog)


FuelFix (blog)
Oil workers in West Texas and New Mexico were underpaid millions, Labor
FuelFix (blog)
ALBUQUERQUE, N.M. – Federal labor officials say oil and natural gas workers in New Mexico and West Texas have been underpaid by more than $1.3 million. The U.S. Labor Department’s Wage and Hour Division made the announcement Monday.
Official: N. Mexico, W. Texas oil workers underpaidLongview News-Journal
Labor officials: New Mexico, West Texas workers underpaidThe State

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Oilfield Services Notes: Baker Hughes-Halliburton Merger, Rig Count … – Forbes


Forbes
Oilfield Services Notes: Baker Hughes-Halliburton Merger, Rig Count
Forbes
The oilfield services sector had another relatively news-filled week. While shareholders of both Halliburton and Baker Hughes voted in favor of the mega-merger between the two companies, Schlumberger agreed to pay about $233 million in fines for
Shareholders Approve $35 Billion Deal Between Halliburton Company (HAL Bidness ETC
Stockholders approve Halliburton, Baker Hughes mergerPrairie Business

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Hong Kong businessman lied to stock exchange over US oil field deal, court hears – South China Morning Post (subscription)


South China Morning Post (subscription)
Hong Kong businessman lied to stock exchange over US oil field deal, court hears
South China Morning Post (subscription)
Opening the case in the Court of First Instance, prosecutor Keith Oderberg told the jury that before Pearl Oriental sought to buy the oil field in January 2010, the land switched owners from one company to another, both of which Wong and Yik had an
Court hears of Lew’s conspiracy over oilfield dealHong Kong Standard

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The global oil price drop may last for the next couple decades, Stanford … – Stanford Report


Stanford Report
The global oil price drop may last for the next couple decades, Stanford
Stanford Report
And while geopolitical and environmental issues may unexpectedly arise that turn oil prices upward, Wolak said many factors point to lower oil prices for the foreseeable future. Crude oil prices fell from a high of $115 a barrel in June 2014 to a low
Cheap Gas Likely To Last Next 20 Years As Global Oil Prices Continue CBS Local
In a low-price world, pain, but no panic, for small oil producersWatchdog.org
US Stock Market Begins to Track Oil PricesStreetWise Journal
FT Adviser –Trefis
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Low Oil Prices Not Enough To Kill Off Oil Sands, Yet – OilPrice.com


OilPrice.com
Low Oil Prices Not Enough To Kill Off Oil Sands, Yet
OilPrice.com
On Friday I visited the University of Alberta in Edmonton, where falling oil prices have brought a record provincial budget deficit despite aggressive tax increases and spending cuts. Here I pass along some of what I learned about how the plunge in oil
Does The Canadian Oil Sands Model Have A Future? (COSWF)Seeking Alpha (registration)

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Oil Prices To Fall Or Fly Depending On Iranian Nuclear Talks – OilPrice.com


Financial Times
Oil Prices To Fall Or Fly Depending On Iranian Nuclear Talks
OilPrice.com
Although nuclear weapons proliferation is the headline item, one of the most significant side effects of the negotiations will be their effect on the price of oil. Iran, as a member of OPEC and a major oil producer on the world stage, still has
MarketsOil price climbs 1% as Saudi Arabia bombs YemenFinancial Times

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In Texas oil town, early signs of economic strain as drilling slows – Reuters


Midland Reporter-Telegram
In Texas oil town, early signs of economic strain as drilling slows
Reuters
However, the town has become a potent symbol of the oil boom, and its economy could shed light on the potential future impact for Texas and other oil producing regions across the country. Moreover, the fact that the first cracks in the Midland economy
State legislature faces off with municipalities over oil regulationMidland Reporter-Telegram

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US oil storage crunch might cut crude prices – USA TODAY


Latin American Herald Tribune
US oil storage crunch might cut crude prices
USA TODAY
The U.S. is running out of places to stash its overflowing oil supplies, threatening to further drive down crude prices that rebounded in recent days. Supply — including oil produced in the U.S. and imported — has been outpacing U.S. refiners’ demand
Venezuela Oil Price JumpsLatin American Herald Tribune

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Oil prices fall as Iran, world powers seek nuclear deal – Reuters


Reuters
Oil prices fall as Iran, world powers seek nuclear deal
Reuters
“Any relaxation of Iran oil sanctions could see increased exports adding to swelling global supplies and further pressuring prices,” ANZ bank said on Monday. Singapore-based brokerage Phillip Futures said that it expected oil prices to fall further in
US crude falls as Iran, world powers seek dealCNBC
Oil price erases gains through week on Iran talks speculationIndia Gazette
Oil prices dip as Iran, world powers seek nuclear dealMoneycontrol.com
Northern Voices Online
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Oil's slide pushes down job gains in Texas – Dallas Morning News


Dallas Morning News
Oil’s slide pushes down job gains in Texas
Dallas Morning News
Texas‘ job growth continued to be pulled down by low oil prices in February as the state reported the smallest monthly job gain since October 2011. Texas added 7,100 jobs in February, the second straight month of slower growth, according to government …
What a drag: Low oil prices continue to slow Texas job growthDallas Business Journal
How much has the oil drop really cost Texas … and Midland?Midland Reporter-Telegram (blog)
Midland school’s to receive grade A support from Texas oil and gas companiesBakken.com
Houston Chronicle
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Frank's International: A Hidden Gem In The Oilfield-Services Patch Is On Sale (FI) – Seeking Alpha (registration)

Frank’s International: A Hidden Gem In The Oilfield-Services Patch Is On Sale (FI)
Seeking Alpha (registration)
The oilfield services company Frank’s International (NYSE:FI) is a fairly unknown stock. The company is one of the oldest names in the energy sector, yet it barely gets any coverage in the financial media. This stock, however, could be an interesting

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Marathon Oil (MRO) Stock Closes Lower Today on Oil Price Drop – TheStreet.com


TheStreet.com
Marathon Oil (MRO) Stock Closes Lower Today on Oil Price Drop
TheStreet.com
Crude oil (WTI) is falling by 5.93% to $48.38 per barrel and Brent crude is retreating by 5.17% to $56.13 per barrel this afternoon, according to the CNBC.com index. Oil prices reversed gains from Thursday which were spurred by unrest in the Middle
Whiting Petroleum – Balance Sheet Repaired, But Oil Needs To Recover In 2016 Seeking Alpha (registration)

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Shell Sells Nigerian Oil Lease for $1.7 Billion to Local Company – Bloomberg


Bloomberg
Shell Sells Nigerian Oil Lease for $1.7 Billion to Local Company
Bloomberg
(Bloomberg) — Royal Dutch Shell Plc has completed the sale of its oil lease in Nigeria’s eastern Niger River delta for $1.7 billion to the country’s Aiteo Eastern E&P Co. Ltd. The divestment is part of Shell’s strategic review of its onshore portfolio
Shell share price: Nigerian oil interest sold for $1.7bniNVEZZ

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Recent Trends In U.S. Land Drilling Market: Re-fracking, Growing Well … – Forbes


Forbes
Recent Trends In U.S. Land Drilling Market: Re-fracking, Growing Well
Forbes
While it can cost about $8 million to drill, complete and stimulate a new tight oil well, re-fracking an existing well can cost just about $2 million. While the results of re-fracking have been decidedly mixed in the past, many operators seem to be
Recent Trends In The US Land Drilling Market: Re-fracking, Growing Well Trefis

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