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75InvestingSaudi stock market dives, crude futures to jump after drone attack on oil plants
PUBLISHED SUN, SEP 15 2019 Natasha Turak@NATASHATURAK – CNBC KEY POINTS Saudi Arabia’s stock market fell by 2.3% at Sunday’s open as...
239ExplorationT. Boone Pickens, larger-than-life energy tycoon and Oklahoma State benefactor, dies at 91
By Cheryl Hall – Dallas Morning News – T. Boone Pickens, legendary energy executive, philanthropist, ardent Oklahoma State University supporter and one of America’s...
199Oil & Gas NewsU.S. shale firms cut budgets, staff as oil-price outlook dims
ODESSA, Texas (Reuters) – Oil producers and their suppliers are cutting budgets, staffs and production goals amid a growing consensus of forecasts...
104ExplorationGE to lose majority control of Baker Hughes with up to $3 billion share sale
(Reuters) – General Electric is looking to raise up to $3 billion in sale of majority-owned Baker Hughes shares, resulting in a reduction of...
1.0KExplorationHe Paid $1.50 an Acre for Barren Texas Land Now Worth $7 Billion
By Austin Weinstein – Bloomberg – So much of the Texas land in the Permian Basin is under production that the lights...
193InvestingSaudi Arabia is dramatically changing its oil exports to China and the US
Natasha Turak – CNBC – Saudi Arabia has seriously ramped up its oil exports to China in recent months. How dramatic is...
264ExplorationExxon Mobil Eyes Oil M&A as Clean Energy Shift Seen Taking Decades
By Kevin Crowley – Bloomberg – Exxon Mobil Corp. Chief Executive Officer Darren Woods is eyeing oil and natural gas deals despite calls to...
458ExplorationConcho Resources to sell strip of New Mexico assets for $925 million
(Reuters) – U.S. oil and gas producer Concho Resources Inc said on Tuesday it would sell a portion of its New Mexico...
288ExplorationAs abandoned oil wells climb, regulators consider ways to stop problem from worsening
Tom Stromme – Bismarck Tribune – The number of abandoned oil and gas wells in North Dakota has grown 10% over the...
320ProductionIt’s Official: US Leads the World in Oil, Gas Production
Source: U.S. Energy Information Administration, based on International Energy Statistics Note: Petroleum includes crude oil, condensate, and natural gas plant liquids. U.S....
Snippets
- Iran Denies It Is Behind Drone Attacks On Oil Plants In Saudi ArabiaIran says it is not behind Saturday's drone attacks on oil plants in Saudi Arabia, denying accusations...Iran says it is not behind Saturday's drone attacks on oil plants in Saudi Arabia, denying accusations from Secretary of State Mike Pompeo that Tehran was responsible for "an unprecedented attack on the world's energy supply."Read More
Javad Zarif, Iran's foreign minister, said in a tweet on Sunday that Pompeo was turning from "max pressure" to "max deceit."
Houthi rebels in Yemen, who are allied with Iran, have claimed responsibility for the attacks, and said 10 drones had targeted oil installations in Abqaiq and Khurais. Both are owned by state-owned Saudi Aramco. - Drilling and completion schedule doesn't affect initial productionAnalysis from the North Dakota Industrial Commission's Oil and Gas Division shows that the amount of...Analysis from the North Dakota Industrial Commission's Oil and Gas Division shows that the amount of time that passes between the drilling and the completion of an oil well does not significantly influence its initial production level. Producers tend to delay well completions when oil prices are low, which created an unprecedented backlog of drilled-but-uncompleted wells between 2014 and 2017.Read More
Read Full Story - The US is overflowing with natural gas, report showsThe US natural gas reserves base grew to a record 3,374 trillion cubic feet at the end of 2018, which...The US natural gas reserves base grew to a record 3,374 trillion cubic feet at the end of 2018, which represents a 20% increase from two years earlier and the largest growth in the assessment's history, according to a report from the Potential Gas Committee and the American Gas Association. "More well drilling and continuous improvements in completion and stimulation technologies lead to better delineation and characterization of US gas resources, especially in shale and tight reservoirs," said Alexei Milikov with the Potential Gas Agency.Read More
Read Full Story - US was the world's top oil exporter in JuneThe US exported close to 9 million barrels per day of crude and oil products in June, briefly overtaking...The US exported close to 9 million barrels per day of crude and oil products in June, briefly overtaking Saudi Arabia as the world's largest oil exporter, the International Energy Agency said. Saudi Arabia climbed back to the top in July and August, but competition could heat up in the months to come as infrastructure buildouts could boost US crude exports by 33% from June levels to 4 million bpd, the IEA added.Read More
Read Full Story - BREAKING NEWS: Oil tycoon T. Boone Pickens dead at 91Billionaire oil magnate T. Boone Pickens died Wednesday of natural causes at the age of 91. Pickens was...Billionaire oil magnate T. Boone Pickens died Wednesday of natural causes at the age of 91. Pickens was a self-made oil mogul, who had a lasting influence on Wall Street, too. He was one of the first businessmen to push for shareholder rights.Read More
MOST POPULAR
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1.0KExploration
He Paid $1.50 an Acre for Barren Texas Land Now Worth $7 Billion
By Austin Weinstein – Bloomberg – So much of the Texas land in the...
-
458Exploration
Concho Resources to sell strip of New Mexico assets for $925 million
(Reuters) – U.S. oil and gas producer Concho Resources Inc said on Tuesday it...
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350ExplorationAnalysis: SCOOP/STACK operators scale back rig activity by 40% so far in 2019
Denver — Operators in Oklahoma’s SCOOP/STACK, once one of the hottest US onshore plays outside...
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264Exploration
Exxon Mobil Eyes Oil M&A as Clean Energy Shift Seen Taking Decades
By Kevin Crowley – Bloomberg – Exxon Mobil Corp. Chief Executive Officer Darren Woods is eyeing...
-
239Exploration
T. Boone Pickens, larger-than-life energy tycoon and Oklahoma State benefactor, dies at 91
By Cheryl Hall – Dallas Morning News – T. Boone Pickens, legendary energy executive, philanthropist, ardent...
-
199Oil & Gas News
U.S. shale firms cut budgets, staff as oil-price outlook dims
ODESSA, Texas (Reuters) – Oil producers and their suppliers are cutting budgets, staffs and...
-
193Investing
Saudi Arabia is dramatically changing its oil exports to China and the US
Natasha Turak – CNBC – Saudi Arabia has seriously ramped up its oil exports...
-
104Exploration
GE to lose majority control of Baker Hughes with up to $3 billion share sale
(Reuters) – General Electric is looking to raise up to $3 billion in sale of...
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75Investing
Saudi stock market dives, crude futures to jump after drone attack on oil plants
PUBLISHED SUN, SEP 15 2019 Natasha Turak@NATASHATURAK – CNBC KEY POINTS Saudi Arabia’s stock...
