By: Mary-Ann Russon – BBC – The Colonial Pipeline carries 2.5 million barrels a day – 45% of the East Coast’s supply...
By: Starr Spencer – S&P Global Platts – Marathon Oil is returning to limited operations in Oklahoma and the Permian Basin’s western...
By: Reuters – (EQT.N), the largest U.S. natural gas producer, said on Thursday it will buy Appalachian basin rival Alta Resources for $2.93...
By: Ashton Eley – El Dorado News Times – Nearly 80% of Arkansas’ more than 47,300 oil and gas wells sit spent...
By: David Blackmon – Forbes – A recent report by the consulting/analytical firm Wood MacKenzie projects what would appear to be devastating impacts on...
By: Jack Money – The Oklahoman – You can pay me now or pay me later for the energy you use. That’s...
By: Shariq Khan – Reuters – Chesapeake Energy Corp (CHK.O), which exited bankruptcy in February, is working with two banks on a...
By: John Flesher & Matthew Brown – AP – Months after President Joe Biden snubbed Canadian officials by canceling Keystone XL, an...
By – Liz Hampton – Reuters – Pioneer Natural Resources’s first-quarter results will be hit by a $691 million loss on oil...
Bloomberg — After one of the most difficult years in the oil industry’s history, crude prices have recovered and major producers are...
Chesapeake posted a quarterly profit of $1.24 billion, or $8.27 a share, compared with a loss of $439 million, or $4.48 per share, a year ago.
Coterra's profit was $1.23 billion, or $1.53 a share, compared with earnings of $30 million, or 8 cents per share, a year ago.
Pioneer earned $2.4 billion during the quarter, up from $380 million last year.
The energy sector is off to a higher start, supported by strength in the underlying commodities and the broader markets. The major market futures have regained ground and are pointing to a higher start as comments from the Federal Reserve hinted a “soft landing” can be achieved and a recession may be avoided.
WTI and Brent crude oil futures have recovered earlier losses and are trading up as OPEC+ is set for a small output increase, despite a call from U.S. President Joe Biden for a meaningful supply boost. Ministers for members of OPEC+ announced they are set to agree on a small output increase of 1000,000 barrels per day. Kazakhstan’s Energy Minister Akchulakov said the group may have to raise production to avoid the market from overheating. Ahead of the meeting, OPEC+ trimmed its forecast for the oil market surplus this year by 200,000 BPD to 800,000 BPD. Data released from the API which showed U.S. crude stocks rose by 2.2mln barrels last week has also provided support to oil futures.
Natural gas futures rose this morning on forecasts for more demand in the next two weeks than previously expected.
After a long slump, Oklahoma’s natural gas sector is once again showing signs of...
President Donald Trump’s latest legislative push, known as the “One Big Beautiful Bill,” marks...
WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
Oklahoma’s largest oil and gas operators are lining up to claim a new $50...
By Felicity Bradstock for Oilprice.com| Many countries need to invest heavily in upgrading their...
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...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
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