OklahomaMinerals.com

Snippets

• Matador Resources to Acquire Permian Midstream Assets from Summit for $75 Million
  Matador Resources Co. agreed to acquire a gathering and processing system in New Mexico’s Eddy and...
  Matador Resources Co. agreed to acquire a gathering and processing system in New Mexico’s Eddy and Lea counties from Summit Midstream Partners LP for $75 million, adding to Matador’s midstream portfolio in the Permian Basin.
  
  
  Read More
• What else is brewing this Friday morning
  ...
  
  
  • US auto safety regulators are expanding their investigation of Tesla’s Autopilot system after a series of new crashes involving first-responder vehicles.
  
  
  • President Biden wants to turn one of the country’s largest underwater canyons, 100 miles off of the New York coastline, into a national marine sanctuary.
  
  
  • A heat wave is going to bake the Southwest this weekend.
  
  
  • Stitch Fix is laying off 15% of salaried positions to save money in these tumultuous times.
  
  
  • The Grammys announced new awards, including “Songwriter of the Year” and “Best Score Soundtrack for Video Games and Other Interactive Media.”
  
  

  
  
  Read More
• Mortgage demand is at its lowest point in 22 years
  Over the last week, mortgage applications fell 7%, and ...
  Over the last week, mortgage applications fell 7%, and they're down 21% since last June.
  
  A traditional 30-year fixed mortgage saw average interest rates rise to 5.4% last week, compared to rates in the low 3% range around this time last year.
  
  The cost to buy a home has risen dramatically in 2022, which has resulted in a drop-off in demand.
  
  Or, more simply: there's been "a meltdown."
  Read More
• Closing Oil and Gas Prices for Thursday
  Benchmark U.S. crude oil for July delivery fell 60 cents to $121.51 a barrel Thursday. Brent crude for...
  Benchmark U.S. crude oil for July delivery fell 60 cents to $121.51 a barrel Thursday. Brent crude for August delivery fell 51 cents to $123.07 a barrel.
  
  Wholesale gasoline for July delivery rose 6 cents to $4.28 a gallon. July heating oil rose 9 cents to $4.40 a gallon. July natural gas rose 26 cents to $8.96 per 1,000 cubic feet.
  Read More
• US natural gas storage rises 97 Bcf to 1.999 Tcf as NYMEX futures rebound
  The US Energy Information Administration on June 9 reported a 97 Bcf injection to US inventories for...
  The US Energy Information Administration on June 9 reported a 97 Bcf injection to US inventories for the week ended June 3. The addition to stocks was closely aligned with S&P Global Commodity Insights' storage survey result, which called for an injection of 96 Bcf. The weekly build was also much closer to historical averages, just barely undershooting the year-ago injection of 98 Bcf and the five-year average of 100 Bcf in the corresponding week, data from the EIA showed.
  
  As a result, the US working gas inventories climbed to 1.999 Tcf, while the shortfall to 2021 widened to 398 Bcf, leaving stocks about 17% below the year-ago level of 2.397 Tcf. The inventory deficit to the prior five-year average also expanded to its widest yet this season, pushing stocks to 340 Bcf, or almost 15%, below the historical average of 2.339 Tcf.
  
  Immediately following the EIA storage report's release, the Henry Hub July contract jumped about 25 cents to $8.45/MMBtu, followed by continued price gains throughout the morning and early afternoon that left the prompt-month contract just shy of $9/MMBtu at settlement, data from CME Group showed.
  Read More

• Prev
• Next