Americans accused Russia of bankruptcy of one of the largest US shale oil companies

April 7 2020 30

One of America’s largest oil shale drilling companies declared bankruptcy on Wednesday - it is expected to be the result of an energy war between Russia on the one hand and the United States and its allies on the other. About this writes the American magazine The National Interest. One of the reasons for possible bankruptcy is also called the situation with coronavirus.

Whiting Petroleum has thus become the first natural shale gas company to go bankrupt in the current foreign policy realities. At the same time, many energy producing corporations are currently having difficulty servicing their financial debt due to a price war between the leading powers in the energy market.

According to US officials, the culprit in the situation on the oil market was Russia, which seeks to fill the market with large volumes of "black gold", while Saudi Arabia has reduced oil production. As a result, oil prices fell to $ 30 per barrel and below.

US Shale Fields

The Kremlin, according to Americans, is concerned that the US will take advantage of the situation and use shale oil to fill the market.

According to Buddy Clark, co-chairman of law firm Haynes & Boone, an increase in the number of bankruptcies among US energy companies can be expected in the near future, since the supply of energy resources on the world market significantly exceeds their demand.

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Bakht

+3

April 7 2020 09: 32

One of America's Largest Shale Drilling Companies Announces Wednesday bankruptcy

This article is April 5

As the first sign, they cite the announcement of the start of the bankruptcy proceedings for Whiting Petroleum, whose debt is $ 2,2 billion. In this case, there is a clear substitution of concepts: the process of “financial restructuring” and bankruptcy are two different things. The official Whiting Petroleum press release stated:

The company has more than $ 585 million in its balance sheet, and it will continue to operate normally without interference to suppliers, partners or employees.

https://topcor.ru/13975-mirovaja-neftjanaja-otrasl-okazalas-na-poroge-bolshogo-razdela.html#comment
1. Lieutenant Rzhevsky I
  
  +3
  
  April 7 2020 10: 00
  
  Quote: Bakht
  In this case, there is a clear substitution of concepts: the process of “financial restructuring” and bankruptcy are two different things.
  
  I remember that Ukraine conducted a financial restructuring under the guidance of the wise Yaresko. Dangerous thing.
  1. Nick
    
    0
    
    April 7 2020 21: 48
    
    Quote: Lieutenant Rzhevsky I
    Quote: Bakht
    In this case, there is a clear substitution of concepts: the process of “financial restructuring” and bankruptcy are two different things.
    
    I remember that Ukraine conducted a financial restructuring under the guidance of the wise Yaresko. Dangerous thing.
    
    Today, on Day TV, a figure leaped across that, due to the fall in oil prices, about 70% of American oil companies are already queuing up for this "restructuring".
  2. Astronaut
    
    +2
    
    April 8 2020 18: 22
    
    The only difference is that in case of bankruptcy anyone can buy property and assets, and in case of restructuring, a specific buyer is selected in advance.
slesarg65

+2

April 7 2020 09: 49

A strange kind of energy war! Russia, which is on an energy needle, cuts eggs for itself!
The Saudis and SASHEVS are in shock! Well, nothing takes these Russians!
What did you expect?
Well look! We are not chasing expensive oil, there is a balance!
But if we assume that we must now be equal to American shale oil, which is difficult to produce, then probably we need to change the standards?
1. Nick
  
  0
  
  April 7 2020 21: 38
  
  Quote: slesarg65
  A strange kind of energy war! Russia, which is on an energy needle, cuts eggs for itself!
  
  Well enough already to tell about an energy needle of a fairy tale. The share of oil and gas in the structure of Russian GDP last year was only 7,2%.
  
  https://1prime.ru/state_regulation/20190919/830338839.html
  1. monman
    
    -3
    
    April 7 2020 21: 55
    
    From your own link:
    
    The share of oil and gas revenues in total federal budget revenues will decrease from 40,8% in 2019 to 35% in 2022.
    
    40% are by no means equal 7.2%
    1. Nick
      
      +2
      
      April 7 2020 22: 25
      
      Quote: cmonman
      From your own link:
      
      The share of oil and gas revenues in total federal budget revenues will decrease from 40,8% in 2019 to 35% in 2022.
      
      40% are by no means equal 7.2%
      
      You are the country's GDP with the Fed. do not confuse the budget. In the total volume of production of goods and services in Russia, including the agricultural sector of the economy, the share of oil and gas is only 7,2%. The share of taxes from oil and gas in the federal budget, yes, 40%. But if we take it correctly, then we must take into account the entire state consolidated budget, which includes the budgets of the regions and municipal budgets. If the federal part of the consolidated budget is approximately 20 trillion rubles, then the entire consolidated state budget is 40 trillion rubles. Therefore, the share of oil and gas revenues in the total budget of the country is much lower.
      1. monman
        
        -5
        
        April 8 2020 02: 23
        
        I am very happy for Russia - it overtook the United States by% of gas / oil in GDP, because 7.8% in the USA and 7.2% in Russia. Already raised from one knee !!!
        
        Nick
        
        +4
        
        April 8 2020 07: 30
        
        Quote: cmonman
        I am very happy for Russia - it overtook the United States by% of gas / oil in GDP, because 7.8% in the USA and 7.2% in Russia. Already raised from one knee !!!
        
        Yes, actually, on their knees and did not stand before any of the mortals.
2. Astronaut
  
  +1
  
  April 8 2020 18: 25
  
  And what is incomprehensible here? Russia wants the United States to participate in the reduction, and not just OPEC +. Otherwise, Russia and OPEC will cut production, and the United States will take their place. The price will not change, and the income will go to the States - this is another "egg cutting"!
Lieutenant Rzhevsky I

+6

April 7 2020 10: 05

What is wrong with speculators blaming Russia?
nov_tech.vrn

+3

April 7 2020 10: 16

At first glance, there is no point in this news. We translated and added a few introductory words, the phrase is especially impressive - "in opinion", no analysis and, it seems, no position of the author, but it is! Russia is blamed for the problems of the shale industry, this is the main premise of the article, although most analysts note that in the present crisis, the actions of Saudi Arabia are clearly traced, with an obvious trace of the United States. For reference, you can see the plans to impose a protective tax on oil supplies to the United States and the refusal of the Saudis to extend the restrictions in force at the time of negotiations in OPEC + for 3 months. Refusing this, the Saudis began to dump and try to thereby increase the supply of their oil to Europe. The ultimate goal is to redistribute the market.
1. Nick
  
  +2
  
  April 7 2020 21: 41
  
  Quote: nov_tech.vrn
  The ultimate goal is a redistribution of the market.
  
  That's it! And Russia has serious opportunities to preserve its share, and possibly increase it.
The comment was deleted.
Lieutenant Rzhevsky I

+3

April 7 2020 10: 24
What are you worried about these people? They did not fit into the market. Do not think about it - new ones will grow.

Anatoly Borisovich Chubais.
69

+3

April 7 2020 10: 54

The financial pyramid was not invented by Mavrodi, but by the US shale.
1. Lieutenant Rzhevsky I
  
  +4
  
  April 7 2020 11: 08
  
  Actually, the creators of the Fed.
zz811

+4

April 7 2020 10: 57

This is for you Deripaska! )))
Chet

+4

April 7 2020 14: 50

Thank God that I do not live in the United States, otherwise I would have thought of giving something good in the face of the rain.
If Russia is always and everywhere to blame for them.
1. Nick
  
  0
  
  April 7 2020 21: 44
  
  Quote: Chet
  Thank God that I do not live in the United States, but what good things would have come to their senses in the face.
  If Russia is always and everywhere to blame for them.
  
  Take an example from Svidomo ... or svidomity with Yankers? In short, you’ll get confused ...
boriz

+1

April 7 2020 16: 20

The Americans accused Russia of bankruptcy of one of the largest US shale oil companies.

Should I burst into tears?
monman

-4

April 7 2020 21: 39

Actually, the editorial office is in a fever (is it not sick?) - yesterday an objective article:
“Shale oil: it will not lose its place in the market.”

https://topwar.ru/169854-slancevaja-neft-svoe-mesto

wherein:

... Some experts even agreed to the fact that "Saudi Arabia and Russia destroyed the American shale." Such estimates arise quite often. In some ways, they resemble long-term forecasts of the collapse of the American dollar, which is still alive and rules the world.

and today (probably to raise patriotism) -

The Americans have accused Russia of bankruptcy of one of the largest US shales ”, in which there is not a word about Russia's guilt in bankruptcy, one title.

C'mon man, or “Russian circus circus of all circuses ...
Vkd dvk

+1

April 7 2020 23: 41

Quote: slesarg65
A strange kind of energy war! Russia, which is on an energy needle, cuts eggs for itself!
The Saudis and SASHEVS are in shock! Well, nothing takes these Russians!
What did you expect?
Well look! We are not chasing expensive oil, there is a balance!
But if we assume that we must now be equal to American shale oil, which is difficult to produce, then probably we need to change the standards?

For never educated:
Dumping is a great force capable of crushing a powerful competitor. But, for this you need to have the most powerful muscle. The shales will go bankrupt, lose the market that the SURVIVOR will take (also with good bruises), and then you can think a little about getting profit. This condition will not be long. Sooner or later, shale will be restored, not a fact, the same companies, most likely others. The old, ruined, economic trust will not be long, which will finally finish them. But a respite in the oil trade for a dozen years, we may receive.
1. NordUral
  
  +1
  
  April 8 2020 23: 04
  
  Sooner or later, shale will be restored, not a fact, the same companies, most likely others.
  
  Maybe the same. They have a bankruptcy procedure that affects the recovery of the economy as a whole, and not like these, which rule our country, that is set up for weaning and ruining (destroying) the business.
Grinj

0

April 8 2020 06: 40

More will come next.
Roarv

0

April 8 2020 14: 29

There is a war of barrels and rigs.
NordUral

0

April 8 2020 23: 02

Poor guys, now, I suppose, will shoot themselves.
duchy

+1

April 9 2020 05: 49

No matter how much the Americans wanted to sit out overseas, apparently, fate will not work. Russia does not even think of using force, and in the United States, whatever happens is blamed on the "intrigues" of the Russians. Probably, an invisible army of telepaths and invisibles entered the battle.
Alexander Efremov_2

0

3 May 2020 15: 24

Nonsense. How can a regional power tear apart a torn economy to threaten the super-duper economy of great America?
slesarg65

0

April 19 2022 01: 06

shale oil production is not a natural field, field, oil-bearing layer that itself gushing. shale oil is violence against nature. these are earthquakes, failures, this is a lot of water that needs to be pumped in under pressure. these are chemical reagents in order for the oil to become fluid and stratified with water. In short, it's expensive on top of everything else. the United States has had problems in this industry before. that's not an oil-producing country of the United States, even if you crack. And the Saudis were lucky, Allah sent them. And here is the nefik to indicate to the owner of the resources how, when and at what price. the owner of the bar. and even though the Americans paid the Saudis, longtime partners, you also need to know the honor. And the prince is smiling, in his pocket he showed Biden the facts. And I discussed working issues with Putin. Because Russia is also an oil-producing power and a member of OPEC. and this is more important than "friendship" with the Yankees.