David Wethe, Reporter-Telegram

David Wethe


Houston, TX, United States

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Recent articles by David:

Shale giants view a crude oil ascent above $100 as bad for industry

Major shale-oil drillers are dreading the prospect of $100-a-barrel crude on fears it... → Read More

Billionaire Harold Hamm on prowl for more Permian shale deals

Billionaire oil wildcatter Harold Hamm has set aside hundreds of millions of dollars to... → Read More

Shale oil is booming again in the Permian

This time, the surge is being driven by private operators, rather than the publicly... → Read More

Record costs slam U.S. drillers as oil output growth slows

America's oil producers are boosting output at a slower place as record costs hammer the... → Read More

Biden’s Call for More OPEC Oil Is Still Bugging Shale CEOs

Cimarex Energy Co. Chief Executive Officer Tom Jorden on Wednesday became the latest to bristle at President Joe Biden’s call for more oil production from OPEC, rather than from homegrown shale companies like his. → Read More

Ex-fracker at Walmart reveals one risk to U.S. oil supply growth

Stability, green shift among reasons for leaving oil work → Read More

Shale driller Callon plunges after Permian deal is panned

Callon Petroleum Co. disappointed investors with its biggest-ever acquisition aimed at... → Read More

Pioneer CEO says he's sitting out latest round of shale M&A

With more consolidation brewing in the largest U.S. oil patch, the boss of one of the... → Read More

Devon, Conoco study $10 billion Shell Permian assets

Devon Energy Corp. and ConocoPhillips are among potential suitors studying Royal Dutch... → Read More

Halliburton sees 'multi-year upcycle' as oil services return

Halliburton Co., the biggest provider of fracking services, is gearing up for several... → Read More

Tiny Texas oil driller hyped on Reddit surges 130% in a week

Tiny oil company Torchlight Energy Resources Inc. saw its shares more than double in a... → Read More

Tiny Texas oil driller hyped on Reddit surges 130% in a week

Obscure oil company Torchlight Energy Resources Inc. saw its shares more than double in a week after it became the latest stock touted on Reddit as a possible short squeeze. → Read More

Exxon activist expands boardroom presence with third seat

Exxon Mobil Corp. activist investor Engine No. 1 expanded its presence on the oil giant’s board to three seats, according to preliminary vote tallies, cementing a victory that has reverberated across the energy industry. → Read More

Shale drillers Cabot, Cimarex to merge in $7.4 billion deal

Cabot Oil & Gas Corp. agreed to merge with Cimarex Energy Co., disappointing... → Read More

Texas Moves to Eliminate Firearm Licenses Amid Heated Gun Debate

Texas is on the verge of allowing residents to carry firearms in public without any sort of license, a rebuff to gun-control advocates alarmed by the specter of mass shootings. → Read More

Private equity sees shale escape route by building cash flow

Private-equity firms that bet big on shale for more than a decade finally are seeing... → Read More

Robots may replace 20 percent of oilfield jobs in a decade, report says

The U.S. oil industry could save more than $7 billion in wages by replacing human... → Read More

Shale driller sells South Texas leases for third of what it paid in 2014

The price tag is less than one-third of the $3.1 billion Ovintiv paid Freeport-McMoRan... → Read More

Shale's caution means U.S. oil output will lag as prices jump

Shale’s newfound prudence after last year’s crash is putting producers in the unusual... → Read More

How do you restart an oil well that’s frozen solid?

Restarting oil and gas wells closed by the extreme cold sweeping much of the U.S. isn’t going to be quick or easy, even once the ice thaws and power is restored. → Read More