http://www.worldoil.com WorldOil 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. Swift production declines may keep shale operators on oil rebound’s sidelines https://www.worldoil.com/news/2020/5/22/swift-production-declines-may-keep-shale-operators-on-oil-rebound-s-sidelines Less than 20% of this year’s expected drop in overall U.S. crude output will come from shuttering existing wells, according to IHS Markit. Rather, the vast majority of the supply drop will be the direct result of canceled drilling projects. Daily Brief podcast: A look ahead at the coming week in oil and gas, May 25-29 https://www.worldoil.com/news/2020/5/22/daily-brief-podcast-a-look-ahead-at-the-coming-week-in-oil-and-gas-may-25-29 Key trends for the coming week, including how industry groups' response to low oil prices differ dramatically in the U.S. versus other producing nations, China's big plans for its economy, and investment analysts turning their backs on key sectors of the industry. Distressed oil drillers find major analysts dropping stock guidance https://www.worldoil.com/news/2020/5/22/distressed-oil-drillers-find-major-analysts-dropping-stock-guidance The smallest shale oil drillers have endured their fair share of pain in this spring’s energy collapse and, with ailing stock prices, analysts are finding it even tougher to cover the group. Shale rout drives working rigs to lowest count since 2009 https://www.worldoil.com/news/2020/5/22/shale-rout-drives-working-rigs-to-lowest-count-since-2009 Shale explorers extended their retreat into a 10th week, dropping the number of oil rigs at work in the U.S. to the lowest since 2009 as some struggle to stay afloat. High premiums, price swings driving decline in shale hedges https://www.worldoil.com/news/2020/5/21/high-premiums-price-swings-driving-decline-in-shale-hedges After oil’s crash below zero, explorers face hefty premiums for the financial instruments they rely upon to insure against price swings. Meanwhile, they’re also unwilling to lock in future supply with forward prices for crude remaining lackluster. Texas Alliance working with DOE to solve key energy issues https://www.worldoil.com/magazine/2020/may-2020/features/texas-alliance-working-with-doe-to-solve-key-energy-issues The Texas Alliance of Energy Producers held a virtual meeting on May 20 to provide its members, and invited guests, an update on problem issues that the association is working to solve. Daily Brief podcast: Strategies for navigating capital markets to outlast the downturn https://www.worldoil.com/news/2020/5/21/daily-brief-podcast-strategies-for-navigating-capital-markets-to-outlast-the-downturn Arindam Das discusses where energy sector companies must focus to meet capital markets' new expectations, both to survive the downturn and to act advantageously as stabilizing markets present new opportunities. Daily Brief Podcast: Simon Watkins on Saudi moves, Shale 3.0, and recovering demand https://www.worldoil.com/news/2020/5/19/daily-brief-podcast-simon-watkins-on-saudi-moves-shale-30-and-recovering-demand The real result of Saudi Arabia's production cuts, how recovering global markets impact large and small shale players differently, and what that means for the future of the industry. Permian leads U.S. shale decline as output reaches 2018 low https://www.worldoil.com/news/2020/5/19/permian-leads-us-shale-decline-as-output-reaches-2018-low Overall production is seen falling by 197,000 barrels a day next month to 7.822 MMbbl, which would be the lowest since late 2018. The expected decline would have been even more dramatic if not for a downward revision to May’s output estimate in the order of half a million barrels a day.