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• Oil producers go the extra mile in the US shale patch
  US oil companies...
  US oil companies are pushing technological boundaries by drilling horizontal wells more than three miles in length in search of untapped oil reserves, particularly in the Permian Basin, where the use of this technique is set to double by 2024, according to Rystad Energy. This approach promises improved productivity and access to previously unreachable oil resources, but its elevated operational risks, substantial costs, and concerns about long-term effectiveness suggest that only the largest players are primed to reap the potential benefits.
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• Closing Oil & Gas Prices for Friday
  Benchmark U.S. crude oil for October delivery...
  Benchmark U.S. crude oil for October delivery rose 61 cents to $90.77 a barrel Friday. Brent crude for November delivery rose 23 cents to $93.93 a barrel.
  
  Wholesale gasoline for October delivery fell 3 cents to $2.71 a gallon. October heating oil fell 10 cents to $3.38 a gallon. October natural gas fell 7 cents to $2.64 per 1,000 cubic feet.
  
  
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• Friday's stock decline ahead of Fed erases S&P 500's weekly gain
  Stocks ended lower Friday as investors assessed the start of a United Auto Workers strike against Ford ...
  Stocks ended lower Friday as investors assessed the start of a United Auto Workers strike against Ford F, -0.08%, General Motors GM, +0.86% and Stellantis STLA, +2.18% and awaited next week’s Fed decision. The Dow Jones Industrial Average DJIA declined nearly 290 points, or 0.8%, to close near 34,619, according to preliminary data. The S&P 500 SPX shed 0.8% and the Nasdaq Composite COMP slid 1.6%. The declines left the Dow with a weekly gain of 0.1%, while dragging the S&P 500 to a 0.2% drop and leaving the Nasdaq down 0.4%.
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• Amazon backs Occidental Petroleum's DAC plans
  Occidental Petroleum's direct air capture development efforts...
  Occidental Petroleum's direct air capture development efforts have received a boost from Amazon, which this week agreed to buy credits tied to the removal of 275,500 short tons of carbon dioxide over 10 years from Oxy subsidiary 1PointFive's Stratos DAC plant, under construction in Ector County, Texas. The facility, the first of five planned in Texas and Louisiana, will have an initial carbon capture capacity of 551,000 short tons per year when it begins operations in 2025.
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• Lithium-laden brine could be a hot commodity for Big Oil
  Saltwater brine from oil and gas production has historically been viewed as a waste stream that can be...
  Saltwater brine from oil and gas production has historically been viewed as a waste stream that can be costly to treat or dispose of, but it could also be energy companies' golden ticket into the electric vehicle battery industry -- if they can figure out how to extract the lithium from it. ExxonMobil, Chevron and Occidental Petroleum hope to do just that and are working on a variety of lithium extraction pilot projects.
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