An exceptional story on how President Biden and his new administration may change Oklahoma Energy, by Jack Money – The Oklahoman. Presidential...
By: The Highland County Press – The Ohio Marketable Title Act (MTA) and the Ohio Dormant Mineral Act (DMA) provide separate procedures,...
By: Avi Salzman – Barrons – Oil and gas companies could face more stringent regulations under Democratic control of the White House...
By: Nichola Groom – Reuters – The Trump administration on Thursday will offer the oil and gas industry a final chance to...
By: Camille Erickson – Casper Star Tribune – A new survey published by the Federal Reserve Bank of Kansas City on Friday revealed...
By: Bozorgmehr Sharafedin – Reuters – Almost one in three workers in the oil and gas industry faced pay cuts in 2020,...
HART ENERGY, by Emily Patsy. Northern Oil and Gas Inc. expanded its footprint in the Permian Basin during fourth-quarter 2020, the company...
By: Janet McGurty – S&P Global Platts – Phillips 66 is moving its emerging energy operations to a separate segment, which will...
By: Dan Eberhart – Forbes – Saudi Arabia’s decision Tuesday to cut an additional 1 million barrels a day of production in February...
By: Brandon Evans and Rachel Wiser – S&P Global Platts – Despite rig counts in the Bakken Shale remaining low due to...
"I've been talking about this being a bear market since February," says @downtown. "Here we are in the middle of May, the damage is way worse than anything we saw in 2018...until everyone can agree, 'hey this is the real thing,' I don't see how we bottom." pic.twitter.com/TGJ2JqPtZ7
— CNBCOvertime (@CNBCOvertime) May 11, 2022
Oil companies worldwide have been trying to increase production, but are struggling to balance increases without undercutting shareholder returns, Occidental Petroleum CEO Vicki Hollub said on May 11.
The U.S. oil producer, which plans to resume repurchasing its shares this quarter to reward investors, could boost output by as much as 5% next year if returns stay high. But rising service and material costs have limited what companies can do to quickly address the oil supply.
The company increased its CAPEX by $250 million mostly to cover inflation costs, she said. It also gave up on a multi-rig program for its Colorado operations after having its drilling permits restricted to one unit by regulators for the remainder of 2022, she said.
Occidental will resume its share repurchase program this quarter after reaching its $20 billion net debt target, CFO Robert Peterson said during the call. The producer had previously disclosed plans to use $3 billion for buybacks.
Good morning. If data is the new oil, then oil is the new school lunch Gushers. Due to the run-up in oil prices and tech’s collapse, energy giant Saudi Aramco overtook Apple as the most valuable company in the world yesterday with a market capitalization of about $2.43 trillion.
Markets: The Nasdaq dropping 3% in a day used to be an earth-shattering event on Wall Street—now it’s simply called “May 2022.” Tech stocks continued their total collapse after another hot inflation reading yesterday morning. Carvana, which was labeled a pandemic winner, has crashed nearly 92% from its peak and laid off 12% of its workforce on Tuesday.
More proof of the changing of the guard: In October 2020, Zoom was worth more than Exxon Mobil. Now, Exxon’s market cap is 14x bigger than Zoom’s.
Google unveiled its first smartwatch, the Pixel Watch, as well as a bunch of new/upgraded gadgets.
Cleaner air is associated with a rise in Atlantic hurricanes, a government report found.
Manhattan office update: Just 8% of office workers are back in the office 5x a week. 28% are fully remote.
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...
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....
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
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