By: Brandon Evans – S&P Global Platts – As Colorado’s 2,000-foot drilling setbacks go into effect, PDC Energy looks to become the...
By: Mella McEwen – Midland Reporter-Telegram – Navigating the pandemic last year was an incredible challenge for individuals and businesses alike. But...
By: Hannah Grover – The Farmington Daily Times – The San Juan Basin has gone through booms and busts before, but Jamie...
By: Allison Herrera – KOSU – The second day of confirmation hearings for U.S. Representative Deb Haaland concluded on Wednesday. Members of...
By: Jack Money – The Oklahoman – Oil and gas operators headquartered in Oklahoma continue adjusting their footprints as market and geopolitical...
By: Carolyn Davis – Natural Gas Intelligence – The Permian Basin will be the go-to target for Devon Energy Corp. this year,...
By: Joe Wallace – MarketWatch – The deep freeze that plunged Texas into darkness is rippling through energy markets in unexpected ways,...
By: Alex Lawler & Jennifer Hiller – Reuters – OPEC and U.S. oil companies see a limited rebound in shale oil supply...
By: Catherine Leffert – Dallas Business Journal – Tailwater Capital has announced several midstream acquisitions in the last month, utilizing a $1.1...
By: Paul O’Donnell and Kyle Arnold – The Dallas Morning News – Dallas-based pipeline giant Energy Transfer is acquiring an Oklahoma City...
In earnings news, Kinder Morgan reported a 20.3% rise in quarterly adjusted profit on Wednesday as the U.S pipeline operator received a boost from jet fuel demand, with the company also benefiting from re-contracting some natural gas pipelines at a higher rate. The pipeline operator cashed in on the pent-up travel demand, which resulted in a 19% rise in jet fuel volumes transported in the second quarter. It said adjusted earnings for its natural gas pipelines were up 6% at $1.13 billion. The company also increased its dividend by 3%.
Oil prices fell by more than $5 on Thursday after higher U.S. gasoline stockpiles and an ECB rate hike stoked demand worries and returning oil supply from Libya eased supply concerns. Oil futures trading volumes have been thin and prices volatile as traders have to square weaker energy demand with tighter supply resulting from the loss of Russian barrels after the country's invasion of Ukraine. U.S. gasoline inventories rose by 3.5 million barrels last week, government data showed on Wednesday, far exceeding analyst forecasts. "U.S. gasoline demand is struggling to shift into top gear during the peak summer driving season," said PVM analyst Stephen Brennock.
Natural gas prices are off by 20 cents ahead of weekly inventory data. Analysts expect a build of 46 bcf.
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
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