Archives for December 2016
Gas prices in Houston rise again
Average gasoline prices in Houston rose another three cents over the leak, following the steady climb in crude oil prices, according to the website GasBuddy. com, Gasoline averaged $2.05 cents in the Houston area Tuesday,...
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Three more U.S. oil companies plan bankruptcy filings
Three small U.S. oil companies will file bankruptcy papers soon, they said on Friday, as the financial squeeze that led to scores of bankruptcies across the industry continues. Houston-based Memorial Production Partners and two others...
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Rig count up 16, third week of double-digit growth
The number of oil and gas rigs in U.S. fields rose again this week, up 16 over last week. It’s the third double-digit increase in a row and a boom of 85 rigs over the...
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Oil bankruptcies decline as prices rise
The past two and a half years haven’t been kind to oil companies. But drillers and energy services firms have dramatically slowed the deluge of bankruptcies that tied up nearly $80 billion of debt in...
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Energy junk bond defaults double in 2016
U.S. energy companies have defaulted on $39 billion in high-yield bonds so far this year, more than double the $15 billion delinquent last year, according to a new report from the ratings agency Fitch. Almost...
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