Rachel Adams-Heard, Reporter-Telegram

Rachel Adams-Heard

Reporter-Telegram

Houston, TX, United States

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Recent:
  • Unknown
Past:
  • Reporter-Telegram
  • Bloomberg
  • BloombergQuint
  • Cashay
  • Charlotte Observer

Past articles by Rachel:

Rise and fall of West Texas oil company offers a cautionary tale

Mark Siffin's love affair with the Permian era started when he was a teenager on a... → Read More

Texas targets Wall Street in fight over ESG investing

Governor Greg Abbott signed a bill into law on Monday banning state investments in... → Read More

Report: Permian flaring could be slashed at no cost to producers

As much as 40% of the natural gas that's expected to be flared in the Permian Basin in 2025 could be avoided at no cost to drillers if regulators abandoned their hands-off approach to the controversial practice, according to a report. → Read More

Exxon declines after report of SEC probe into Permian valuation

Exxon Mobil Corp. shares dropped more than 5% after a newspaper report said the company is being investigated by the U.S. Securities and Exchange Commission for allegedly overvaluing a key asset in the Permian Basin. The probe stems from a whistleblower complaint that during a 2019 internal assessment workers were forced to use unrealistic assumptions about how quickly wells could be drilled to… → Read More

The CEOs of U.S. shale are pledging restraint amid oil rally

All three executives urged caution, mindful of the industry carnage caused by years of unchecked growth that burned through cash and left investors with little to show for even before the pandemic took its toll. → Read More

Some Fracking Sand Was ‘Revolutionary,’ or Maybe It Was Just Sand

The SEC is investigating a company after tests allegedly showed some of its products didn’t live up to the hype. → Read More

Heart of America’s Petrochemical Boom Braces for ‘Night of Hell’

America’s fast-growing petrochemical and refining network on the Gulf Coast is about to get its biggest test as it braces for a direct hit from Hurricane Laura. → Read More

A Bernie Democrat Will Again Try to Flip Texas’ 10th District

Progressive Mike Siegel is back for a rematch after coming within a few points of longtime incumbent Michael McCaul in 2018. → Read More

Permian shale chiefs signal growth is over, at least for now

America's most prolific shale drillers are accepting a fate once anathema to an industry obsessed with growth: Drilling just to ward off production drops. → Read More

Frackers Are in Crisis, Endangering America’s Energy Renaissance

Even before the pandemic, West Texas was reeling and Wall Street was running out of patience with the industry. → Read More

Oil bust forces college grads to rethink a well-paid career path

As the pandemic wreaks havoc across the U.S. economy, energy is taking some of the biggest hits. That's especially bad news for the generation poised to finish college. → Read More

Shale drillers risk relapse into rampant oil output at $30 crude

Diamondback Energy Inc., one of the most prominent shale specialists in the Permian Basin, sees a crude price in the high $20s-a-barrel or low $30s as a trigger to revive curtailed output and consider reactivating idled frackers. Right now, the explorer is in the process of halting as much as 15% of supplies and sending home almost all its fracking crews. → Read More

Texas oil quotas 'dead,' says RRC commissioner who touted them

Texas Railroad Commissioner Ryan Sitton, who proposed mandatory oil-output cuts, said the effort is "dead" a day before the biggest U.S. crude-producing state was set to vote on the measure. → Read More

The Small Hedge Funds That Won Big by Betting Against Shale

Long before the pandemic, they were already skeptical of oil and gas producers’ finances. → Read More

Apache calls it quits on Alpine High after $3 billion charge

(Bloomberg) -- Apache Corp. is officially calling it quits on a highly publicized but disappointing shale discovery in West Texas after vehemently defending the prospect for about three years. The Houston-based company posted a roughly $3 billion writedown on its Alpine High project, a find from 2016 that fizzled when it turned out to hold more natural gas than oil. Apache will instead focus on… → Read More

‘Permian Week’ has Concho, Diamondback and Devon competing for dividend growth

Three shale producers are fighting to show which one can grow its dividend the most as investors demand better returns from the oil and gas industry. → Read More

Oil boom feels more like a bust in Texas shale patch

Last month, two days before the latest government prediction that U.S. shale production would hit new heights, an oil industry conference in Houston opened with a clip of Eeyore making one of his bleak utterings: "End of the road, nothing to do and no hope of things getting better." It made sense to kick things off with Winnie the Pooh's depressed donkey friend. As Kim Bourgeois, a managing… → Read More

Diamondback ‘stubs toe’ as latest producer to face drilling woes

(Bloomberg) -- Diamondback Energy Inc. said it's fundamentally changing the way it forecasts future growth after becoming the latest Permian Basin shale producer to hit operational hurdles. The Midland, Texas-based explorer fell as much as 15% Wednesday after disclosing that its crude output over the third quarter fell more than 2% short of analyst estimates. Diamondback also warned it'll miss… → Read More

Occidental Mulls Sale of Anadarko's Western Stake

(Bloomberg) -- Occidental Petroleum Corp. is seeking a buyer to take majority control of Western Midstream Partners LP, the pipeline operator that it’s poised to inherit through its takeover of Anadarko Petroleum Corp., according to people familiar with the matter.Occidental is working with a financial → Read More

Texas Pipeline Activists Face 10-Year Sentence Under Measure

Under a bill approved by both chambers of the state legislature, protesters found guilty of halting service or delaying construction of an oil or natural gas pipeline could be charged with a third-degree felony punishable by two to 10 years of incarceration. The measure, authored by Republican Representative → Read More