OklahomaMinerals.com

Snippets

• Panama Canal squeeze takes a toll on US energy exports
  If weather conditions persist, the ongoing drought could...
  If weather conditions persist, the ongoing drought could reduce Panama Canal transit capacity from the current 60% to 45% by early 2024, resulting in heightened shipping costs, extended voyages and diminished tanker availability. Particularly affected by this situation are exports of liquefied petroleum gasses and natural gas liquids from the US Gulf Coast to the Asia-Pacific region.
  Read More
• NOG Enters Ohio Utica Shale, Adds Permian with $174MM in M&A
  Northern Oil & Gas Inc. is entering the Ohio Utica Shale...
  Northern Oil & Gas Inc. is entering the Ohio Utica Shale and expanding its Permian Basin footprint with approximately $174 million in M&A.
  
  Minneapolis-based NOG inked an agreement with a private party to enter the Ohio Utica Shale through acquisition, scooping up non-operated interests in Jefferson, Harrison, Belmont and Monroe counties, Ohio. The primary target zones are the Point Pleasant Formation and the Utica Shale.
  
  NOG is also expanding its position in the Permian’s Delaware Basin through a separate transaction.
  

  The company is bolting on non-operated interests across about 3,000 net acres in the northern Delaware Basin, primarily located in Lea and Eddy counties, New Mexico. The company owns existing interests in approximately 90% of the leasehold.

  Read More
• ☕️What Else is Brewing Wednesday Morning
  Prepare for messy Thanksgiving travel. A “wave of inclement weather through...

  Prepare for messy Thanksgiving travel. A “wave of inclement weather through the eastern two-thirds of the country” could throw travel into chaos this week, according to the Weather Prediction Center. TSA predicts 30 million people will fly over the holiday, an 11.5% increase from last year, putting a strain on a US aviation system struggling to keep up with demand. One positive? Thanksgiving gas prices could be the cheapest they’ve been since 2020. Whether you’re ✈️ flying, driving, taking the train, or awaiting the arrival of those who are, here are some tips to get through the next few days with minimal stress.

  
  Tiger Woods’s indoor golf league, TGL, will delay the start of its inaugural season by a full year, to 2025, after the roof of a new arena collapsed, the league announced.
  
  UK officials announced they are raising the country’s minimum wage by nearly 10%, to £11.44 ($14.26).
  
  Ken Griffin, the billionaire hedge fund manager, is reportedly in talks to buy a minority stake in the Miami Dolphins
  
  North Korea claimed it successfully launched a spy satellite into orbit on its third attempt.
  Read More
• Closing Oil and Gas Prices
  Benchmark U.S. crude oil for January delivery...
  Benchmark U.S. crude oil for January delivery fell 6 cents to $77.77 per barrel Tuesday. Brent crude for January delivery rose 13 cents to $82.45 per barrel.
  
  Wholesale gasoline for December delivery was unchanged at $2.23 a gallon. December heating oil rose 7 cents to $2.92 a gallon. December natural gas fell 3 cents to $2.85 per 1,000 cubic feet.
  
  
  Read More
• U.S. stocks end lower Tuesday, S&P 500 snaps 5-session win streak
  U.S. stocks closed lower Tuesday in a holiday-shortened week...
  U.S. stocks closed lower Tuesday in a holiday-shortened week for Thanksgiving, taking a breather from a powerfully November rally for stocks that lifted both the S&P 500 and Nasdaq Composite quickly out of correction territory. The Dow Jones Industrial Average shed about 62 points, or 0.2%, ending near 35,088, according to preliminary data from FactSet. The S&P 500 index shed 0.2% and the Nasdaq Composite Index closed 0.6% lower. Shares of airlines were under pressure Tuesday, despite expectations for a record holiday travel season, with the U.S. Global Jets ETF falling 1.7%, a day after it finished at a six-week high. Minutes of the Federal Reserve’s early November meeting were released Tuesday, reflecting the worries of most Fed officials about inflation reaccelerating. U.S. Treasury yields were largely unchanged Tuesday, with the 10-year Treasury rate down less than a point at 4.417%, but almost 60 basis points off its October peak, according to Dow Jones Market Data. The S&P 500 has now been higher for five of the past six sessions.
  Read More

• Prev
• Next