David Wethe
Reporter at Bloomberg News
Energy reporter in Houston @Business. 🎙Voice of the Grizzlies. @Mizzou grad. Formerly @startelegram @DallasBizNews. Opinions = mine. Retweets not endorsements.
Articles
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2 days ago |
bloomberg.com | Kevin Crowley |David Wethe
Terrel Hardin estaba en un restaurante de la Ruta 66, en el oeste de Oklahoma, cuando sonó su teléfono con malas noticias: el motor de una de sus plataformas petrolíferas se había averiado. En otros tiempos, habría sido una reparación sencilla de US$6.000, pero la guerra comercial del presidente Donald Trump ha trastocado las cadenas de suministro y no estaba seguro de que la pieza estuviera disponible.
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3 days ago |
financialpost.com | Kevin Crowley |David Wethe
Advertisement 1Terrel Hardin was at a diner along Route 66 in western Oklahoma when his phone rang with bad news: The engine on one of his oil rigs had broken. In times past it would be a straightforward $6,000 fix, but President Donald Trump’s trade war has upended supply chains, and he wasn’t sure the part would even be available.
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3 days ago |
bloomberg.com | Kevin Crowley |David Wethe
Four months after Trump’s inauguration, producers are cutting crews, mothballing rigs and reining in spending as they grapple with rising costs and lower revenue because of the oil price plunge. (Bloomberg) -- Terrel Hardin was at a diner along Route 66 in western Oklahoma when his phone rang with bad news: The engine on one of his oil rigs had broken.
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6 days ago |
bloomberg.com | David Wethe
An oil pump jack. Photographer: Luke Sharrett/Bloomberg(Bloomberg) -- ConocoPhillips became the latest US oil explorer to cut spending after a drop in crude prices below $60 a barrel this year. The Houston-based oil giant cut its spending outlook by 3.5% to $12.45 billion, when taken at the midpoint of its guidance range, while leaving its production view unchanged, it said Thursday in a statement announcing first-quarter results.
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1 week ago |
bloomberg.com | David Carnevali |David Wethe
Pumpjacks operate on oil wells in the Permian Basin. (Bloomberg) -- APA Corp., a US oil explorer with wells from Egypt to Alaska, said it’s selling some of its assets in the world’s busiest shale patch to Permian Resources Corp. as it streamlines its portfolio. The transaction covers APA’s assets in the New Mexico portion of the Permian Basin, which Permian Resources is paying $608 million, prior to closing adjustments, according to a statement confirming an earlier report by Bloomberg News.
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US oil executives are feeling anxious due to President Trump's trade war, which has made buying and repairing equipment more expensive https://t.co/DBA8Ylb8Xj w/@CrowleyKev
Diamondback, the largest independent oil producer in the Permian Basin, says production has likely peaked in America’s prolific shale fields and will decline in the months ahead as crude prices have plummeted. https://t.co/InNYBTjeRo via @markets
Exxon and Chevron are likely to shoulder more of the Permian Basin’s oil growth as independent producers cut back due to falling crude prices. https://t.co/I8LmC9VZtn w/ @CrowleyKev via @markets