FORT WORTH, Texas—In the Permian Basin, the popularity of longer laterals is slowly but steadily rising, according to Rystad Energy’s upstream research...
By: Monica Madden – KETK – Friday marks the last day of early voting before the May 24 runoff election, where several...
By: Hart Energy – Permian operator Colgate Energy agreed on May 19 to combine with Centennial Resource Development Inc., squashing recent rumors that...
Story by Justin Jacobs, Financial Times. Prices for fuel at the pump have gotten even more painful of late—and things could get...
Story from Hart Energy: Exxon Mobil said on May 19 that it signed an agreement with subsidiaries of Denver-based BKV Corp. for the sale...
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...
The energy sector is off to a lower start, pressured by weakness in the crude complex and the major market futures. U.S equities are expected to open lower amid fears of further interest rate hikes by the Federal Reserve. As earnings season ramps up, Baker Hughes announced first-quarter earnings that beat Wall St expectations as strong oil prices continue to support demand for their services and equipment. UBS analyst Josh Silverstein initiated coverage across 19 oil & gas stocks and assumed coverage over CVX, SLB and XOM.
Oil futures are extending their weekly losses as traders remain focused on the possibility of another modest rate hike. Concerns over a slowing economy and fuel demand outweighed positive Chinese economic data and a draw in crude inventories according to the API. Markets are now pricing in an 86% chance of the Fed raising rates by 25 basis points at its May policy meeting. As anticipated, China's GDP grew by more than expected at 4.5%, for the first quarter and surpassed analyst expectations. Their refinery throughput also rose to record levels in March. Investors will be keeping an eye out for EIA data which will be released later as last night’s API data showed crude stocks fell by 2.68 million barrels last week.
Natural gas futures are lower amid forecasts for cooler temperatures and lower heating demand than previously expected.
Benchmark U.S. crude oil for May delivery rose 3 cents to $80.86 a barrel Tuesday. Brent crude for June delivery rose 1 cent to $84.77 a barrel.
Wholesale gasoline for May delivery fell 2 cents $2.75 a gallon. May heating oil fell 1 cent to $2.60 a gallon. May natural gas rose 9 cents to $2.37 per 1,000 cubic feet.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Have your oil & gas questions answered by industry experts.