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Baker Hughes: US Oil Drillers Cut Rigs To Least In 6 Years

On 12 Feb, 2016

Baker Hughes: US Oil Drillers Cut Rigs To Least In 6 Years

U.S. energy firms this week cut oil rigs for an eighth week in a row to the lowest levels since January 2010, data showed on Friday, as energy firms continue to cut spending due to the collapse in crude prices.

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Chesapeake's Half-Billion Dollar Tab Spurs Credit Line Concerns

On 09 Feb, 2016

Chesapeake's Half-Billion Dollar Tab Spurs Credit Line Concerns

Chesapeake Energy Corp.’s ability to pay off a half-billion dollars in debt next month hinges on how much of a $1.76 billion nest egg.

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