Scott Sheffield

Harold Hamm, oil magnate and founder of Continental Resources, issued a stark warning: if oil prices remain at current levels, drilling in key U.S. shale fields could come to a standstill.  The Details: Speaking at CERAWeek in Houston, Hamm emphasized that with oil prices hovering near $65 per...

Exxon Mobil Corp (NYSE:XOM) is preparing to close a $60 billion deal for Pioneer Natural Resources Co (NYSE:PXD) in the coming days after agreeing not to add Pioneer CEO Scott Sheffield to the company’s board of directors. The Details: According to a report from the Wall Street Journal,...

It seems as though U.S. oil producers and investors may have gotten a bit ahead of themselves by betting on a quick recovery. Despite OPEC delivering on its pledge to cut production by 1 million bpd, U.S. crude oil stockpiles remain at record levels. Oil investors betting that the OPEC production...