The rig count in the Permian Basin was up nine this week, the latest count Friday by...
The rig count in the Permian Basin was up nine this week, the latest count Friday by Baker Hughes shows, with 332 rigs active in the region. A year ago, 224 rigs were active in the region.
Nationally, the oil and gas rig count is up 16 from last week at 689 rigs. A year ago, 432 rigs were active. The count shows that 546 rigs sought oil,up 13 from the previous week, and 141 explored for natural gas, up three 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 benchmarkPlains-West Texas Intermediate Posting ended Friday at $94.74 per barrel, down $1.01 from last Friday’s close. National benchmarkWest Texas Intermediate crude ended at $98.26 per barrel, down $1.01 from the previous week.
🔥From Twitter: Oil prices settle up 2%, post weekly loss - Nat gas falls too
Benchmark U.S. crude oil for May delivery rose $2.23 to $98.26 a barrel Friday. Brent crude for June...
Benchmark U.S. crude oil for May delivery rose $2.23 to $98.26 a barrel Friday. Brent crude for June delivery rose $2.20 to $102.78 a barrel. Wholesale gasoline for May delivery rose 9 cents to $3.13 a gallon. May heating oil rose 5 cents to $3.32 a gallon. May natural gas fell 8 cents to $6.28 per 1,000 cubic feet.
For the week,the Dow, the S&P 500, and the Nasdaq fell 0.3%,1.3%, and more than 3%, respectively. Friday marked a continuation for the Nasdaq, which slipped 3.9% the week ended April 1.
Frontline and Euronav Merge to Create Tanker Giant in $4.2 Billion Stock Deal
Two of shipping’s biggest names,...
Two of shipping’s biggest names, Norway-based Frontline Ltd. and Belgium’s Euronav NV, have agreed to merge in a move that would create one of the world’s biggest tanker owners.
The all-stock deal announced Thursday, which has been approved by both the companies’ boards, involves an exchange of 1.45 Frontline shares for each Euronav share. The exchange will result in Euronav shareholders owning 59% of the merged entity and Frontline investors controlling 41%.
It will have a market capitalization of around $4.2 billion, based on trading levels as of Wednesday, and a combined fleet of 69 very large crude carriers and 77 smaller tankers.
Continental Resources to hold annual shareholders meeting May 19
The upcoming annual shareholders meeting by Continental Resources Inc. will be a virtual...
The upcoming annual shareholders meeting by Continental Resources Inc. will be a virtual gathering on Thursday, May 19.
The company filed a Proxy Statement with the Securities and Exchange Commission showing the planned agenda including the adoption of the 2022 Long-Term Incentive Plan, the ratification of the selection of independent auditors and the approval of the compensation of executive officers.
In addition to the formal items of business at the Annual Meeting, you will have an opportunity to ask questions relating to the matters to be acted upon at the Annual Meeting. Members of the senior management of Continental Resources, Inc. and the Board of Directors will be present.
