OklahomaMinerals.com

Snippets

• US rig count up two as prices increase
  Oklahoma lost one rig, now with 42 rigs running. The...
  Oklahoma lost one rig, now with 42 rigs running. The rig count in the Permian Basin was unchanged this week, the latest count Friday by Baker Hughes shows, with 254 rigs active in the region. A year ago, 306 rigs were active in the region.
  
  Nationally, the combined oil and gas rig count is up two from last week at 539 rigs. A year ago, 590 rigs were active. The count shows that 416 rigs were drilling for oil, up two from the previous week, and 118 are drilling for natural gas, unchanged from the previous week. The count also shows five miscellaneous rigs, unchanged from the previous week.
  
  The U.S. rig count peaked at 4,530 in 1981. It bottomed out in August of 2020 at 244.
  
  The regional benchmark Plains-West Texas Intermediate Posting ended Friday at $59.17 per barrel, up 82 cents from last Friday’s close. National benchmark West Texas Intermediate crude ended at $62.69 per barrel, up 82 cents from the previous week.
  Read More
• Big Tech lifts Nasdaq to record close, while Dow ends 270 points lower
  The U.S. stock market closed mixed Friday, with the technology-heavy...

  The U.S. stock market closed mixed Friday, with the technology-heavy Nasdaq Composite booking a fresh record high.

  
  

  The Nasdaq rose 98.03 points, or 0.4%, to end at 22,141.10.

  
  

  The S&P 500 slipped 3.18 points, or less than 0.1%, to finish at 6,584.29.

  
  

  The Dow Jones Industrial Average fell 273.78 points, or 0.6%, to close at 45,834.22.

  
  

  Friday's rally in Big Tech stocks added to the tech sector’s strong rise this week within the S&P 500. All three major equity benchmarks ended the session with weekly gains, with investors anticipating that the Federal Reserve will decide next week to lower interest rates.

  
  

  The Dow booked a weekly increase of 1%, while the S&P 500 advanced 1.6% and the Nasdaq climbed 2%. The S&P 500 and Nasdaq each finished Friday with back-to-back weekly gains, according to Dow Jones Market Data.

  Read More
• DAILY OIL PRICE: September 12, 2025
  Crude Oil: 62.69   (+0.32)....
  
  
  • Crude Oil: 62.69   (+0.32).
  
  
  • Nymex MTD AVG: 62.9757.
  
  
  • Natural Gas: 2.941   (+0.007).
  
  
  • Gasoline: 1.9854   (+0.0061).
  
  
  • Spreads: October/November (+0.27)     November/December (+0.23).
  
  
  • Plains WTI Posting: 59.17   (+0.32).
  
  

  
  Source: Odessa American
  
  
  Read More
• U.S. Gas Storage Rises 71 Bcf, Prices Retreat
  The U.S. Energy Information Administration (EIA) reported a 71...
  The U.S. Energy Information Administration (EIA) reported a 71 Bcf injection into the nation’s natural gas storage for the week ending Sept. 5, meeting market expectations and sending commodity prices lower.
  
  According to the EIA’s weekly report, working natural gas in storage was about 3.343 Tcf as of Sept. Stocks were 38 Bcf less than last year at the same time and 188 Bcf above the five-year average of 3.155 Tcf.
  
  The market consensus forecast was a 69 Bcf injection. The front-month futures price at the Henry Hub hit $3.15/MMBtu on Sept. 9 before retreating. Following the EIA’s report release on Sept. 11, prices fell 9.5 cents, closing at $2.93/MMBtu.
  
  A combination of mild weather and scheduled maintenance work on Gulf Coast gas transport pipelines led to the bearish market for the week, according to analysts.
  Read More
• Trump Says Person Is in Custody in Connection With Kirk Shooting
  President Trump said on Friday that a person was in custody...

  President Trump said on Friday that a person was in custody in connection with the fatal shooting of the right-wing activist Charlie Kirk, and while he cautioned that his information was preliminary, said it was “the person we’re looking for.”

  
  

  Mr. Trump offered few details in an interview with “Fox and Friends.” But he said that a minister who is a member of law enforcement had communicated with the father of a suspect in the shooting and that the person was turned in to the authorities. A law enforcement official confirmed the details of the president’s remarks, adding that a man had been taken into custody around 11 p.m. Friday by Utah state and local police.

  Read More

• Prev
• Next