Bankruptcies in the upstream sector are on the rise this year as commodity prices have fallen with little sign of a rebound anytime soon, according to Haynes and Boone LLP, which regularly tracks filings across the oil and gas industry.
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E&P Borrowing Capacity Looking Solid; Bankruptcy Filings Falling Sharply
The outlook is bright for the U.S. oil and gas producers, based on a survey about borrowing base redeterminations by Haynes and Boone LLP.
Pickens: Koch Industries ‘Biggest Deterrent’ to Broad U.S. Energy Plan
Investor guru and natural gas proponent T. Boone Pickens Wednesday blamed President Obama, Congress and Koch Industries for the lack of a comprehensive energy policy in the United States, although not necessarily in that order.
Pickens ‘Doubles Down’ on Gas for Transportation
Oil and gas industry billionaire T. Boone Pickens and other investors injected another $150 million into the natural gas transportation fueling company Pickens founded, Clean Energy Fuels Corp., it was reported Thursday. Clean Energy’s CEO confirmed the additional capital for the gas transportation infrastructure company, which is based in Seal Beach, CA.
Pickens Predictions: High Oil, More Gas
It wouldn’t be a proper T. Boone Pickens speech without a wild predication or two, and the legendary oilman made a handful at Hart Energy’s 2011 DUG (Developing Unconventional Gas) East conference in Pittsburgh on Wednesday.
Pickens Promotes Gas Vehicles as Oil Import Alternative
Energy billionaire T. Boone Pickens continues to lash out at U.S. oil import levels, urging Congress to reduce the nation’s foreign oil dependency — and a recent research report in Colorado and utility plan in Georgia may help him make his case.
Pickens Decries Oil Imports, Pushes Gas for Vehicles
Energy billionaire T. Boone Pickens on Wednesday lashed out at recent U.S. oil import levels and urged Congress to reduce the nation’s foreign oil dependency.
North Carolina Bill Backs Review of Shale Gas Laws, Offshore Drilling
North Carolina lawmakers are considering a bill that would authorize a review of existing onshore shale gas laws and create a framework for possible new state regulation, as well as allow offshore natural gas drilling and create a compact with neighboring states.
Pickens: NAT GAS Act Will Pass This Year
Independent oil billionaire T. Boone Pickens said last week he was heartened by President Obama’s remarks on energy security and predicted the New Alternative Transportation to Give Americans Solutions Act (NAT GAS Act) would pass Congress with strong bipartisan support and be signed into law by Obama by year-end.
Pickens Predicts NAT GAS Act Passage This Year
Independent oil billionaire T. Boone Pickens said Wednesday he was heartened by President Obama’s remarks on energy security and predicted the New Alternative Transportation to Give Americans Solutions Act (NAT GAS Act) would pass Congress with strong bipartisan support and be signed into law by Obama by year-end.