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Energy News

This regularly updated section will explore the intricacies of the oil and gas industry from various vantage points. If you would like more specific information about Magna Resources, please Contact Us.


The oil ghost towns of Texas


In world's hottest oil patch, jitters mount that a bust is near




New Oil: The Giddings Gamble


OPEC Looks Totally Bewildered By The Oil Market


U.S. shale firms more exposed to falling oil prices as hedges expire


Big Oil revels in Trump victory, expects less red tape


Oil rises as OPEC promises a production cut is in the cards

Oil price down cycle 'nearing end': Saudi minister

Oil discoveries at 70-year low signal supply shortfall ahead

Saudi Arabia keeps BHP's shale oil in the ground...for now: Column

   $60 Is the New $50 for U.S. Oil Drillers Waiting for Rebound

How OPEC lost its iron grip on oil prices

Nymex Crude Settles Above $50 for First Time Since July


Oil Prices Rise as Global Outages Curb Supply


Tom Ward: The 'dirty little secret' about $50 oil


Oil Markets Balancing Much Faster Than Thought


Oil at $45 a Barrel Proving No Savior as Bankruptcies Pile Up


Oil Price Spike Is Not As Far Away As Many Think

How most boring CEO in the business lucked into biggest oil patch

The future price of oil? Nobody has a clue


Oil rout over, OPEC aims for $50 anchor, says PIRA's Ross


Oil at 2016 high above $40 per barrel after producer price support talk


Oil nears $40 as bets on rising prices hit record highs


Oil prices expected to recover to around $70 by 2020


Norway taps its oil fund for the first time


Specter of $20 Oil Recedes as Speculators Flee Bearish Bets


Sorry, OPEC: U.S. oil production at 43-year high


Oil up on Saudi Support, China; Poll Shows Less OPEC Output


US shale oil drillers are finally buckling


Saudi Oil Minister Surprises OPEC


Not even OPEC saw oil crash coming


Dow closes up 228 points as oil surges 6 percent


Oil back above $30 as traders mull potential output freeze


There's one place where OPEC can't broker an oil deal: Texas


Riyadh tells US Shale to slash costs or go bust...


Oil prices trim gains as Saudi Arabia, Russia agree to output freeze


OPEC pleads for Russian alliance to smash oil speculators


Saudis 'will not destroy the U.S. shale industry'


$30 oil is 'irrational' and a rebound is 'inevitble,' according to Saudi Arabia


War of words breaks out among OPEC members


Half of US shale drillers may go bankrupt: Oppenheimer's Gheit


Pain to gain: Crude prices to triple?


U.S. eyes Saudi-Iran feud for impact on oil


Boone Pickens to Cramer: Oil is close to bottoming


Shale’s running out of survival tricks as OPEC ramps up pressure


China Has Something to Tell OPEC: Oil Prices Have Fallen Too Far


OPEC Sees Oil Demand Grow, But Not Enough To Jolt Prices


Relax! History shows oil can't go any lower


Billions of oil barrels vanish in a puff of accounting smoke


Zombies appear in U.S. oilfields as crude plumbs new lows


Opec bid to kill off US shale sends oil price down to 2009 low


Yergin: Why oil prices cannot stay this low


US Shale Oil Producers Pummeled After OPEC Decision


Why Oil Prices May Be Near a Bottom


Saudi Arabia risks destroying Opec and feeding the Isil monster


How Much Oil Is Left On Earth?


How Long Can OPEC Hold Out?


OPEC Is About to Crush the U.S. Oil Boom


Oil Nations Feel the Strain of OPEC's Continuing Price War


Saudi Arabia Loses the Oil War


THE WILDCATTER'S TALE - 1987 New York Times Article


Millions of Barrels of Oil Are About to Vanish


Saudi Oil Strategy: Brilliant or Suicide?


When Will Oil Prices Turn Around?


Reasons For Hope That Oil Prices Will Rise


OPEC's 'Fragile Five' Face Rising Cost in Fight for Market Share


Saudi Arabia May Go Broke Before the US Oil Industry Buckles


Oil and Debt Continue to Flow for U.S. Shale


Next threat to U.S. shale: Interest expense on $235 billion debt


Why Saudi Arabia is Planning Bond Issues


T. Boone Pickens: U.S. oil to jump tp $70 a barrel by year-end;_ylt=AwrC1CowrENVjHAAdCeTmYlQ;_ylu=X3oDMTByMDgyYjJiBGNvbG8DYmYxBHBvcwMyBHZ0aWQDBHNlYwNzYw--


The Shale Debt Redux


$200 billion in debt looms over American oil and gas


Oil price slump to trigger new U.S. debt default crisis as Opec waits


QE At Work: Pouring Cheap Debt Into The Shale Ponzi