http://www.worldoil.com WorldOil Chesapeake joins more than 200 other bankrupt U.S. shale producers https://www.worldoil.com/news/2020/6/29/chesapeake-joins-more-than-200-other-bankrupt-us-shale-producers More than 200 North American oil and gas producers, owing over $130 billion in debt, have filed for bankruptcy since the beginning of 2015, according to a May report from law firm Haynes and Boone. This year alone, at least 20 have gone under after oil prices plunged amid the Covid-19 pandemic. Shale oil production may take years to recover, despite a short-term uptick https://www.worldoil.com/news/2020/6/24/shale-oil-production-may-take-years-to-recover-despite-a-short-term-uptick Looking out 18 months, U.S. output will still be around 16% below its peak in February, according to an average of surveys from the IEA, Genscape, Enervus, Rystad and IHS Markit. It will probably be at least 2023 before the U.S. again hits its record close to 13 million barrels a day. As oil job losses mount, is a resurgence in U.S. shale production on the horizon? https://www.worldoil.com/news/2020/6/19/as-oil-job-losses-mount-is-a-resurgence-in-us-shale-production-on-the-horizon In our weekly preview podcast, Kurt and Cameron explore PESA's research into oil and gas job losses and their impact on the economy; what new rig count numbers mean for oilfield service companies; and the potential for Continental Resources to lead another U.S. shale production trend. Continental Resources to begin phasing out production curtailments in July https://www.worldoil.com/news/2020/6/18/continental-resources-to-begin-phasing-out-production-curtailments-in-july The company previously announced it would curtail 70% of operated oil production in May, with continued curtailments into June. In July, the Company expects to partially begin resuming production but still expects to curtail approximately 50% of its operated oil production. Chesapeake’s fate marks the end of an era in U.S. shale https://www.worldoil.com/news/2020/6/12/chesapeake-s-fate-marks-the-end-of-an-era-in-us-shale As the remnants of shale’s turn-of-the-century heyday turn to dust, it’s unclear who will step into the void. Chesapeake preps bankruptcy plan to hand control to lenders https://www.worldoil.com/news/2020/6/9/chesapeake-preps-bankruptcy-plan-to-hand-control-to-lenders A bankruptcy filing by Chesapeake would reverberate well beyond its investors and employees because it will put millions of dollars in pipeline, fracing and other contracts at risk. EIA data suggests official U.S. oil stockpile figures are too high https://www.worldoil.com/news/2020/6/4/eia-data-suggests-official-us-oil-stockpile-figures-are-too-high Various government data sets including stockpiles, production, imports and exports are signaling that current official figures on at least some supplies are excessive. While it’s unclear where exactly the discrepancy lies, the difference could signal a more bullish outlook for crude prices. Shale’s reawakening begins as oil holds above $30 https://www.worldoil.com/news/2020/6/2/shale-s-reawakening-begins-as-oil-holds-above-30 EOG Resources Inc., America’s largest shale-focused producer, plans to “accelerate” output in the second half after shutting in about a quarter of its crude in May, exploration chief Ken Boedeker told an RBC Capital Markets conference Tuesday. Weekly Preview podcast: How prepared is the industry for an oil price rebound? https://www.worldoil.com/news/2020/5/29/weekly-preview-podcast-how-prepared-is-the-industry-for-an-oil-price-rebound Our look ahead the coming week, including how drillers' ability to react to an increase in oil and gas demand could be impacted by technical and manpower limitations, and what key OPEC players have in store for the first week of June. Precision Drilling CEO sees shale’s recovery a year away, at best https://www.worldoil.com/news/2020/5/28/precision-drilling-ceo-sees-shale-s-recovery-a-year-away-at-best Even if the economy continues to recover and a second wave of the pandemic is less damaging than the first, U.S. shale drillers may still take at least a year before moving rigs back into the field, according to the leader of an oilfield-services company.