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Biggest risk for sector is increased output causing new crude price crash
Crude found in the Permian Basin straddling Texas and New Mexico is an M&A hotspot
Permian basin in Texas is proving resilient following crude price crash
Only energy lags behind as all other S&P 500 sectors end in the black
Groups have cut costs to the bone but some with large debts risk bankruptcy
Industry hopes cost-cutting will generate returns with prices set to stay low
Pressure is building for deals but flow has been slower than expected
Chevron hit and shale producers are downgraded to junk
Capital markets are not all the way completely shut to shale
But energy sector is the worst performer on benchmark of US stocks
Focus returns to supply glut after shortlived rally
Many investors are diametrically opposed to David Einhorn’s view
How David Einhorn flagged up important weaknesses in shale oil business model
Short seller says oil exploration groups are wasting money
Change will aid domestic producers but boost global energy supplies
Cartel’s refusal to cut oil output turns screw on US crude producers
Halliburton eyes Baker Hughes as industry conditions darken
Price war in oil market forces shale industry to reassess positions
Energy companies struggle to generate sufficient cash to cover their capital spending
Process may be emulated by others to make oil eligible for export
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