Henry Resources' Jim Henry, Permian Basin Wildcatter, Dies at 89
James “Jim” Henry, a longtime Permian Basin wildcatter who...
James “Jim” Henry, a longtime Permian Basin wildcatter who began his career with wells in conventional rock and later moved to drilling stimulated horizontals in tight, unconventional formations, passed away on Oct. 17, at the age of 89.
A service will be held Monday at First Methodist Church in Midland, Texas, according to an announcement by Nalley-Pickle & Welch Funeral Home. A reception will be held at the Midland Petroleum Club.
U.S. initial unemployment claims drop to nine-month low
The numbers: The number of Americans who applied...
The numbers: The number of Americans who applied for unemployment benefits last week fell to a nine-month low of 198,000, defying expectations that layoffs would rise as higher U.S. interest rates pinched the economy. New jobless claims declined from a revised 211,000 in the prior week, the government said.
Key details: New jobless claims fell in 45 of the 53 states and territories that report these figures to the federal government. Claims rose in just eight states.
US Crude Production Hits High as Chaos in Israel, Geopolitics Stoke Fear
In the U.S. Energy Information Administration's most recent...
In the U.S. Energy Information Administration's most recent weekly update, the first week of October saw domestic crude production rise by 300,000 bbl/d from the prior week, setting an all-time production high of 13.2 MMbbl/d.
The high volumes come even as Oct. 13 rig counts show a 147 drop from last year, according to the Baker Hughes rig count.
The previous record of 13.1 MMbbl/d was set in February 2020, just before the COVID-19 pandemic shut down much of the U.S. and world economy.
🔔 Before the opening bell: US stock futures fall ...
🔔 Before the opening bell: US stock futures fall early Thursday as investors await a speech from Fed Chair Jerome Powell later today.
Everyone’s got thoughts on the bond market. Treasury yields hit 16-year highs early Wednesday. "Bond King" Jeffrey Gundlach says it’s time to buy long-dated Treasurys with a recession looming. But a note from Barclays makes the case for yields to climb higher, which would mean bond prices are still cratering.
Historybook: British Gen. Charles Cornwallis surrenders at Yorktown, effectively ending...
Historybook: British Gen. Charles Cornwallis surrenders at Yorktown, effectively ending the Revolutionary War (1781); John Jay becomes first US chief justice (1789); Abolitionist and suffragist Lucy Stone dies (1893); Actor and director Jon Favreau born (1966); Black Monday stock market crash; Dow Jones drops 22% in one day (1987).
Amazon has begun delivering prescription medicine by drone in Texas as it continues to try out nonhuman deliveries.
Household wealth in the US surged during the pandemic, jumping 37% in the steepest climb ever seen in the Fed’s Survey of Consumer Finances, which it conducts every three years.
Costco’s CEO will step down in January and be succeeded by the warehouse chain’s current president.
The EU has banned the sale of loose glitter to cut down on microplastics. In Germany, people stocked up before the ban took effect this week as TV stars and influencers worried about losing the shiny craft item.
