The Baker Hughes Rig Report, released on Friday, showed the rig count...
The Baker Hughes Rig Report, released on Friday, showed the rig count in Oklahoma declined by one, leaving 34 active rigs drilling in the state. A year ago, there were 40 rigs.
Across the U.S., the total count declined by 7, leaving 581 active in the different oil and gas-producing states. The number of oil rigs fell by 6 to 479, while gas rigs declined by one to 97.
In the past year,the rig count declined by 93 to 674, including a drop of 66 oil rigs and 27 gas rigs.
The Ardmore Woodford count dropped one to four rigs, and the Arkoma Woodford stayed at one active rig. The Cana Woodford was unchanged with 17. The Barnett play continued for another week with no reported rig activity.
According to the Baker Hughes report, the Granite Wash saw no change with three active rigs, and the Mississippian finally reported one rig after a few weeks of no drilling activity.
The US keeps breaking travel records. Not since the...
The US keeps breaking travel records. Not since the heyday of Michael Phelps has America broken so many records: TSA said it expected to screen 3+ million flyers at the airport yesterday, and that’s just the beginning of an anticipated record-breaking weekend. The Fourth of July travel bonanza comes after a record number of people (just under that 3 million mark) got on planes last Sunday—and seven of the 10 busiest US air travel days ever occurred between May 23 and June 27, according to the Wall Street Journal. The TSA also expects to see 32+ million travelers between the holiday and July 8. The unprecedented numbers in the sky may be thanks to cheap flights and international wanderlust fueled by a strong dollar.
Time magazine is the latest publication to strike a deal with OpenAI to allow the company’s AI to train on its content.
Uber and Lyft have agreed to pay drivers in Massachusetts $32.50 per hour and to cough up $175 million to settle a lawsuit over their classification of drivers as independent contractors.
Former Trump advisor Steve Bannon will report to prison Monday after the Supreme Court refused to consider his appeal of his conviction for defying subpoenas from the House Jan. 6 committee.
The superintendent of Oklahoma’s schools ordered the Bible to be included in the fifth- through twelfth-grade curriculums as states test the limits of religion in public schools.
Paramount shut down the video archives on websites of its networks including MTV and Comedy Central, instead directing people to its subscription streamer, Paramount+ (which recently announced a price hike).
Benchmark U.S. crude oil for August delivery fell 20 cents to $81.54 per barrel Friday. Brent crude for August delivery rose 2 centsto $86.41 per barrel.
Wholesale gasoline for July delivery fell 2 cents to $2.53 a gallon. July heating oilfell 3 centsto $2.52 a gallon. August natural gasfell 9 cents to $2.60 per 1,000 cubic feet.
U.S. stocks close lower Friday as S&P 500 snaps 3 straight weeks of gains
U.S. stocks closed lower Friday, with the S&P 500 snapping three...
U.S. stocks closed lower Friday, with the S&P 500 snapping three straight weeks of gains.
According to preliminary FactSet data, the Dow Jones Industrial Average closed 0.1% lower, the S&P 500 shed 0.4%, and the Nasdaq Composite fell 0.7%.
For the week, Dow declined 0.1%, the S&P 500 edged down 0.1% and the Nasdaq Composite rose 0.2%, the preliminary data show. All three indexes rose in June, with the S&P 500 finishing the first half of 2024 with a gain of around 14.5%.
2023 US energy output tops consumption, sets new record
US energy production increased by 4% to a record of nearly 103 quadrillion British thermal units, surpassing...
US energy production increased by 4% to a record of nearly 103 quadrillion British thermal units, surpassing consumption by 9 quads, the widest margin in records dating back to 1949, according to the Energy Information Administration. Oil and natural gas were the primary drivers of this increase, with dry gas production reaching 39 quads and crude oil production hitting 27 quads in 2023, both records, the EIA said.
