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As U.S. shale sinks, pipeline fight sends woes downstream
February 22, 2016 by publisher · Leave a Comment
By Tom Hals WILMINGTON, Del. (Reuters) – Within weeks, two low-profile legal disputes may determine whether an unprecedented wave of bankruptcies expected to hit U.S. oil and gas producers this year will imperil the $500 billion pipeline sector as well. In the two court fights, U.S. energy producers are trying to use Chapter 11 bankruptcy protection to shed long-term contracts with the pipeline operators that gather and process shale gas before it is delivered to consumer markets. The attempts to shed the contracts by Sabine …
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As U.S. shale sinks, pipeline fight sends woes downstream
south-texas
Oil below $30 fans wipeout fears among U.S. shale survival artists
January 20, 2016 by publisher · Leave a Comment
By Terry Wade and Anna Driver YORKTOWN, Texas (Reuters) – Across oil fields from Texas to North Dakota fears are growing that crude's plunge below $30 a barrel is more than just another market milestone and marks a countdown to an endgame for many shale producers that so far have braved the 18-month downturn. Oil prices tumbled by more than a fifth this month to 12-year lows 70 percent below mid-2014 levels and…
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Oil below $30 fans wipeout fears among U.S. shale survival artists