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• From Twitter: Inherited Mineral Rights
  Did you recently inherit mineral rights?...

  
  

  Did you recently inherit mineral rights? As long-time mineral owners and advocates, we can help you better understand the do's and don'ts of mineral ownership. Give us a call and we will answer any questions you may have. #oil #gas #energy #mineralrights #oklahoma #texas pic.twitter.com/w86FuI5pkX

  
  — Oklahoma Minerals (@OklahomaMineral) July 8, 2023

  
  
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• Closing Oil & Gas Prices for Friday
  Benchmark U.S. crude oil for August delivery...
  Benchmark U.S. crude oil for August delivery rose $2.06 to $73.86 a barrel Friday. Brent crude for September delivery rose $1.95 to $78.47 a barrel.
  
  Wholesale gasoline for August delivery rose 5 cents $2.59 a gallon. August heating oil rose 8 cents to $2.56 a gallon. August natural gas fell 3 cents to $2.58 per 1,000 cubic feet.
  
  
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• US Drillers Add Oil and Gas Rigs for First Time in 10 Weeks
  U.S. energy firms this week added oil and natural gas rigs for...
  U.S. energy firms this week added oil and natural gas rigs for the first time in 10 weeks, due to the biggest weekly increase in gas rigs since October 2016, energy services firm Baker Hughes Co said in its closely followed report on July 7.
  
  The total oil and gas rig count, an early indicator of future output, rose six to 680 in the week to July 7. Despite this week's rig increase, Baker Hughes said the total count was still down 72 rigs, or 10%, below this time last year.
  
  U.S. oil rigs fell five to 540 this week, their lowest since April 2022, while gas rigs rose 11 to 135, their highest since early June.
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• U.S. stocks close lower after jobs data; Dow off 2% for the week
  U.S. stocks finished lower on Friday, with the S&P 500 sliding for a third-straight day while...
  U.S. stocks finished lower on Friday, with the S&P 500 sliding for a third-straight day while all three major indexes kicked off the second half of 2023 with a weekly loss. The S&P 500, fell by 12.55 points, or 0.3%, to 4,399.04, bringing its weekly loss to 1.2%, its biggest since the week before last, according to preliminary closing data from FactSet. The Nasdaq Composite shed 18.33 points, or 0.1%, to 13,660.72 while falling 0.9% on the week. The Dow Jones Industrial Average retreated by 187.25 points, or 0.6%, to 33,735.01, falling 2% for the week. Energy stocks were a notable standout on Friday, with the S&P 500 energy sector gaining more than 2% as crude-oil prices saw their biggest weekly jump in three months. Small-cap stocks also outperformed on Friday, with the Russell 2000 rising 24.67 points, or 1.3%, to 1,866.90, although it still fell 1.1% this week. Investors digested the June jobs report from the Department of Labor on Friday, which showed that the pace of job creation decelerated last month, even as wage growth, a key inflation input, remained stubbornly elevated.
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• U.S. will send cluster munitions to Ukraine
  The Biden administration on Friday said that ...
  The Biden administration on Friday said that the U.S. will supply cluster munitions to Ukraine in a controversial move defended by a top official. Jake Sullivan, President Joe Biden’s national security adviser, told reporters at the White House that the Ukrainians need the weapons to defend their country in the conflict with Russia.
  
  “We will not leave Ukraine defenseless at any point in this conflict,” he said.
  
  What are cluster munitions? These weapons, sometimes also called cluster bombs, open in the air and send down smaller bombs that scatter across landscapes.
  
  They are controversial because those “bomblets” disperse over a large area. And the Biden administration’s decision comes amid concern that those smaller bombs can cause civilian casualties.
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