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• JPMorgan and Wells Fargo beat consensus estimates but stocks still fall
  JPMorgan Chase & Co. and Wells Fargo & Co. Inc.'s stocks fell...
  JPMorgan Chase & Co. and Wells Fargo & Co. Inc.'s stocks fell in premarket trade, even after both banks posted better-than-expected earnings for the first quarter.
  
  JPMorgan was last down 4%, while Wells Fargo was off by 1.8%.
  
  Investors are now awaiting numbers from Citigroup Inc. and updates on its latest restructuring plans. Citi's stock was down 0.4%.
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• Leadership shuffle announced at Mach Natural Resources
  The company announced in an...
  The company announced in an SEC filing that Daniel T. Reineke, Jr., Executive Vice President of Business Development plans to resign effective April 19.
  
  ” Mr. Reineke’s resignation was not a result of any disagreements with the Partnership or the General Partner or its officers or employees, and we thank him for his service,” stated the company in the filing.
  
  Reineke has been the Executive Vice President since Mach Natural Resources was founded in 2017. According to his resume, prior to joining the Company, he served as Chief Investment Officer for TLW Trading since 2013.
  
  Source: OK Energy Today
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• BLM removes 3,000 acres from oil and gas lease sale in Permian Basin
  The Bureau of Land Management contends oil and gas drilling and production...
  The Bureau of Land Management contends oil and gas drilling and production on the land could lead to contamination of the water table and the collapse of nearby cave systems.
  
  The Carlsbad Current-Argus reported the BLM removed 3,152 acres from its June 20 second quarter lease lease sale. The land is in the Carlsbad area and includes parcels in Eddy, Lea, and Chaves Counties in New Mexico. Some land is also in Texas.
  
  Eddy and Lea Counties are among the prime oil producers in the state’s share of the Permian Basin.
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• More US capital seen flowing to Canada's oil, gas sector
  US investments in the Western Canadian Sedimentary Basin are poised for...
  US investments in the Western Canadian Sedimentary Basin are poised for a comeback as expanded market access, improved profitability and a favorable price environment entice investors, Canadian producers said at a recent energy event in Toronto. "The dollar tends to move quickly in the US, but in Canada with TMX and LNG Canada [start up due this summer] were are hearing conversations of more US companies and funds coming North and we see changes happening," said NuVista Energy CEO Jonathan Wright.
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• ☕️What Else is Brewing Friday Morning
  Biden expanded gun background checks. The White House...
  Biden expanded gun background checks. The White House finalized a new rule yesterday that aims to close what’s known as the gun show loophole that allows firearms dealers outside of physical stores to make sales without running background checks on buyers. The Biden administration expects 20,000 gun dealers who sell at weapon exhibitions or on the internet will now be required to pull customers’ criminal history and keep a record of sales.
  
  Instagram announced it’s launching a new feature that automatically detects and blurs nudity in direct messages in order to protect teens and fight sexual scams.
  
  Federal authorities said Ippei Mizuhara, Shohei Ohtani’s former interpreter, stole $16 million from the Los Angeles Dodgers superstar, potentially clearing Ohtani of any wrongdoing in a betting scandal that has rocked Major League Baseball.
  
  Harvard deleted its test-optional policy, joining several other elite colleges in reinstating SAT or ACT admission requirements.
  
  Spotify is reportedly developing a tool that allows users to speed up, edit, and otherwise manipulate songs.
  
  UnitedHealth Chairman Stephen Hemsley and other executives sold $102 million in company stock months before a federal antitrust probe became public, Bloomberg reported.
  
  
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