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• S&P 500, Nasdaq extend winning streak as stocks gain over 1%
  U.S. stocks booked big gains on Thursday, a day after the Federal...
  U.S. stocks booked big gains on Thursday, a day after the Federal Reserve skipped a June rate hike, but indicated more increases could be on the table this year. The Dow Jones Industrial Average DJIA jumped about 430 points, or 1.3%, ending near 34,409, according to preliminary FactSet data, while the S&P 500 Index SPX gained 1.2% to score a sixth session in a row of wins and its longest stretch of straight gains since Nov. 8, 2021, according to Dow Jones Market Data. The Nasdaq Composite Index COMP closed up 1.2%. The rally for stocks comes in the wake of the S&P 500 emerging from its longest bear market in decades, with shares of big technology companies continuing to lead the index higher on Thursday. Its Communications Services segment rose 1.5% Thursday, while the Information Technology sector gained 1.3%, according to FactSet.
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• Earthstone Buys EnCap-Backed Delaware E&P in $1B Deal
  Earthstone Energy Inc. is expanding its position in the northern...
  Earthstone Energy Inc. is expanding its position in the northern Delaware Basin with a $1 billion deal to acquire Novo Oil & Gas.
  
  Northern Oil & Gas Inc. simultaneously announced it will acquire a 33.33% undivided stake in the Novo assets in partnership with Earthstone.
  
  For Earthstone, the acquisition of Novo Oil & Gas Holdings, a private E&P backed by EnCap Investments LP, will add around 11,300 net acres in Eddy County, New Mexico, and Culberson County, Texas, to the E&P’s footprint, the company announced June 15.
  
  Earthstone’s Delaware acreage position will grow to approximately 56,000 net acres after the deal closes, which is expected to occur during the third quarter.
  
  
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• Marketed: 14 Well Package in Oklahoma Owned by an Undisclosed Seller
  An undisclosed seller (Seller) is offering for sale a 14-well package with producing MI/RI and non-producing...
  An undisclosed seller (Seller) is offering for sale a 14-well package with producing MI/RI and non-producing minerals in McClain County, Oklahoma. Lot# 106124 includes 87.07 net mineral acres, with 51.10 of those being net-producing mineral acres and the remaining 35.97 acres being non-producing. There are 14 producing wells with a ranged RI of 0.10265% to 0.000303%. The lot includes a 6-month average 8/8ths production of 1,554 bbl/d and 5,405 Mcf/d, a 6-month average net production of 0.33 bbl/d and 1.08 Mcf/d, and a 3-month average net income of $1,023/month. The seller has retained EnergyNet as their exclusive advisor relating to the transaction.
  
  Bids for Lot# 106124 are due on June 20 at 2:20 p.m. CDT. For complete due diligence information on this property, please visit http://www.energynet.com or email Emily McGinley, Director, at Emily.McGinley@energynet.com.
  
  
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• US gas production growth defies Northeast pipeline hurdles
  Pipeline infrastructure bottlenecks in the Northeast are constraining gas production growth in the Marcellus...
  Pipeline infrastructure bottlenecks in the Northeast are constraining gas production growth in the Marcellus and Utica regions, said Macquarie Energy managing director Kevin Little at the 2023 LDC Gas Forum Northeast in Boston. Nevertheless, Little emphasized that the broader US gas market remains resilient, with private players and increased activity in non-core areas such as the Dorado in the Eagle Ford Shale driving robust growth.
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• ☕️What Else is Brewing
  Twitter got sued by music publishers claiming 1,700 copyrighted songs are widely available on the platform....
  Twitter got sued by music publishers claiming 1,700 copyrighted songs are widely available on the platform. The suit seeks $250+ million in damages.
  
  A jury awarded $25.6 million to an ex-Starbucks regional manager who claimed she was fired for being white in the aftermath of the arrest of two Black men at a Philadelphia location.
  
  Diablo IV scored more than $666 million in global sales in just five days. Activision Blizzard revealed the news about the game becoming the fastest-selling ever for its Blizzard subsidiary one day after a judge temporarily blocked Microsoft’s planned purchase of the company.
  
  The Southern Baptist Convention refused to allow a pair of congregations with women pastors back into the fold, including the California megachurch Saddleback Church.
  
  Netflix wants to get you off your couch for a change: It’s opening a pop-up restaurant in LA with chefs from hits like Nailed It! and Chef’s Table.
  
  
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