FORT WORTH, Texas—Gene Shepherd, CEO of VTX Energy Partners, is on the hunt for $1 billion deals in the U.S. Lower 48...
A Houston-based oil and gas producer is looking to get into the Permian Basin through a recently-announced merger with a company already...
By: CNBC – U.S. natural gas prices more than doubled since the start of the year, and this summer’s air-conditioning season could...
By: Jack Money – The Oklahoman – Tracking trends involving the continued economic impact of Oklahoma’s energy industry these days is like...
By Phil Rosen, Business Insider. While Americans are reeling from sticker shock at the gas pump, the diesel market is in its...
By: Bloomberg – From record gasoline prices to higher airfares to fears of diesel rationing ahead, America’s runaway energy market is disquieting both US travelers and...
(Bloomberg) — Germany said Russia is using energy as a “weapon” after Moscow reduced natural gas supplies in retaliation for Europe’s penalties...
By: Casey Paul – S&P Global – Expectations are building among US oil and gas executives that the European gas crisis will...
By: Matt Welch – Fort Worth Star-Telegram – The future of clean energy is going to look a lot different than the...
From Hart Energy: PDC Energy Inc. recently announced the completion of its $1.3 billion cash-and-stock acquisition of privately held Great Western Petroleum...
The energy sector is off to a mixed start, supported by strength in crude oil contracts, while the broader market futures are lower ahead of the release of minutes from the Federal Reserve’s July policy meeting. Two mid-stream deals were announced this morning, with Energy Transfer announcing it will acquire Crestwood Energy Partners in an all-cash deal worth $7 billion and Holly Sinclair announced it will purchase the remaining shares of Holly Energy Partners for $21.57 per unit in cash and stock.
WTI and Brent crude oil futures are edging higher following two-consecutive days of losses as tight supply, a weaker dollar, and high gasoline demand modestly outweigh sluggish economic data from China. July’s retail sales and industrial output data from China has worried traders who are wondering whether China will meet its growth target of 5% for the year without more stimulus. Market participants are also skeptical that yesterday’s unexpected rate cut from China will be enough to boost their economy. Gasoline demand has surged to its highest levels this year as U.S. motorists try to squeeze one last trip before the Labor Day holiday. Last night’s API data showed a draw of 6.195M barrels, much larger than analysts had expected.
Natural gas futures are extending yesterday’s losses, on expectations for a build in last week’s inventory of +38 Bcf vs 5-year average +41 Bcf.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
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