Inside Energy (https://insideenergy.org/series/the-fallout-from-falling-oil-prices/page/4/)
These days, with oil prices so low, producers are using below ground technology to chase oil thousands of feet below the earth’s surface. Inside Energy’s Leigh Paterson reports.
Low oil prices gave truck driver Apryl Boyce a chance to re-think why she came to the Bakken oilfield. And then she decided to leave.
Oil field crime is on the rise as plummeting oil prices has resulted in thousands of lay-offs.
A year ago, a petroleum engineering degree seemed like the ticket to a bright and well-paid future. With six-figure starting salaries for a bachelor’s degree and endless optimism about the shale revolution, enrollment climbed rapidly in petroleum engineering programs across the country. But now that the oil price slide has turned to an oil price slump, the luster is wearing off.
Budgets of oil states are going to be hard hit by the recent slide in oil prices. Measured in dollars, Texas is the clear loser, but in terms of actual on-the-ground impacts, it’s not quite so simple. In the country’s number two oil producing state, North Dakota, falling prices have barely caused a ripple, while in Alaska (ranked fourth), lawmakers are calling it a “fiscal apocalypse.”
We wanted to find out if the increasing debt load of many oil companies is making them more vulnerable to sliding oil prices. Understanding how debt plays into the web of a company’s finances was a beast – nay, a monster – we faced with only financial documents to protect us.
What do low prices mean for a state that gets 20 percent of its revenue from oil? These five numbers can tell you.
Companies have been borrowing more and more to drill in America’s oil fields, a trend occurring long before the dramatic slide in oil prices of the last six months.
Oil prices are slipping to levels not seen in years. It’s bad for oil companies, but it has to be good for consumers, right?
Well, yes, though, it’s more complicated than that. That’s because almost all of us with retirement accounts are invested in oil and gas companies.
