By Bob Campbell, Odessa American, Texas – If the energy industry would quit firing all its employees at the first sign of...
By: Adrian Hedden – Carlsbad Current Argus – As gas production ramps up again New Mexico’s Democrat leaders in Congress urged the...
By: Brian Maffly – Salt Lake Tribune – There were just three rigs drilling in Utah’s oil and gas fields last January...
By: J. Robinson & Kelsey Hallahan – S&P Global Platts – As Appalachia’s natural gas markets turn increasingly bullish, one of the...
By: Barry Po – Forbes – The winds of change are howling in the world of heavy industry. If there were any...
By: Alex Mills – Abilene Reporter News – Natural gas prices broke through the $4 per thousand cubic feet (Mcf) level this...
By: Cathy Bussewitz and Martha Irvine – AP – Rusted pipes litter the sandy fields of Ashley Williams Watt’s cattle ranch in...
By: Paul Takahashi – Houston Chronicle – Lime Rock Resources plans to buy oil and gas wells in West Texas for $508.3...
By: Reuters – Oil prices steadied on Monday after a choppy session as the spread of the COVID-19 Delta variant stoked fears...
By: EIA – Natural gas pipeline exports from the United States to Mexico surpassed 7 billion cubic feet per day (Bcf/d) on...
Energy stocks have opened mildly lower, tracking weaker broader index futures and lower oil and natural gas prices. In deal news, Occidental Petroleum said it would buy Permian basin-based energy producer CrownRock in a cash-and-stock deal valued at $12 billion.
Oil prices are lower by half a percent to start the week, as market skepticism surrounding OPEC’s intent to keep supply cuts firm into 2024 is weighing, as are recent inventory increases and record production from the U.S. "There is little doubt that the oil complex remains in a state of vulnerability," oil broker PVM's John Evans said in a note on Monday. RBC Capital Markets expects stock draws of 700,000 bpd in the first half, but only 140,000 bpd for the full year. "Prices will remain volatile and directionless until the market sees clear data points about the voluntary output cuts," RBC analysts said in a note.
Natural gas futures are plunging to a 6-month low, and are off by more than 9%, trading around $2.35, as mild weather, strong U.S. daily production, and delays in LNG export capacity upgrades are all impacting prices.
California major Chevron is setting aside $6.5 billion to develop its U.S. shale portfolio next year, with the bulk of the spending planned in the Permian Basin.
San Ramon, California-based Chevron Corp. expects organic CAPEX to range between $15.5 billion and $16.5 billion in 2024, the company announced on Dec. 6.
Upstream spending will account for about $14 billion of total CAPEX, two-thirds of which will be allocated to U.S. development.
Of the company’s $6.5 billion for U.S. shale and tight portfolio, about $5 billion will go toward the company’s large footprint in the Permian Basin.
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...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
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...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
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