March 23, 2015

Story by The Canada Press The multimillion-dollar campaign to market Canadian oil in the U.S. was hard to miss. The Maple Leaf was plastered on the walls of subway stops in Washington, D.C., and it popped up in all sorts of American publications with messages like, “America’s Best Energy Partner,” and “Friends and Neighbors.” Documents obtained by The Canadian Press

Chesapeake Energy Corporation (CHK) today announced it has reduced its 2015 capital budget (including capitalized interest of $500 million) to $3.5 – $4.0 billion for 2015, which is a $500 million reduction from its previous guidance of $4.0 – $4.5 billion. Chesapeake plans to operate 25 – 35 rigs in 2015, which represents a decrease of approximately 55% from an

Whiting Petroleum Corporation (WLL) announced that it has commenced private unregistered offerings to eligible purchasers of $1.0 billion aggregate principal amount of convertible senior notes due 2020 (or up to $1.15 billion aggregate principal amount if the initial purchasers exercise in full their option to purchase additional convertible senior notes) and $750 million aggregate principal amount of senior notes due

Story by Reuters The U.S. shale oil industry may have forever abandoned its heavy-spending ways in the face of sliding crude prices, Schlumberger Ltd (SLB.N), the world’s No.1 oilfield services provider, said on Monday. Spending cuts already announced by producers – to the tune of 25 to 60 percent – have dropped the rig count by 45 percent since late

Comstock Resources, Inc. (“Comstock” or the “Company”) (CRK) announced today that it will reduce its 2015 capital spending plan by approximately 22% to $248 million, a savings of over $69 million versus its previously announced budget on December 18, 2014.  In addition to seeing improving drilling and completion costs, the recent success of the Company`s first Haynesville shale refrac will