OklahomaMinerals.com

Snippets

• US Drillers Cut Oil, Gas Rigs for Third Week In a Row
  U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in...
  U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row for the first time since early September, energy services firm Baker Hughes said in its closely followed report on Oct. 6.
  
  The total oil and gas rig count, an early indicator of future output, fell by four to 619 in the week to Oct. 6, the lowest since February 2022, putting the total rig count down 143, or 19%, below this time last year.
  
  U.S. oil rigs fell five to 497 this week, their lowest since February 2022, while gas rigs rose two to 118.
  Read More
• Closing Oil & Gas Prices for Friday
  Benchmark U.S. crude oil for November delivery...
  Benchmark U.S. crude oil for November delivery rose 48 cents to $82.79 a barrel Friday. Brent crude for December delivery rose 51 cents to $84.58 a barrel.
  
  Wholesale gasoline for November delivery was unchanged at $2.19 a gallon. November heating oil rose 3 cents to $2.90 a gallon. November natural gas rose 17 cents to $3.34 per 1,000 cubic feet.
  
  
  Read More
• Tropical Storm Philippe is tracking north. Will it hit New England?
  Long-lived Tropical Storm Philippe strengthened Thursday as it moved north in the Atlantic Ocean on a...
  Long-lived Tropical Storm Philippe strengthened Thursday as it moved north in the Atlantic Ocean on a track that will take it near Bermuda early Friday and into New England by the weekend.
  
  Philippe could strike portions of Maine with heavy rain, strong winds, and storm surge, said Alex Sosnowski, AccuWeather senior meteorologist. The system might not officially be a tropical storm at that time, but what meteorologists call a "post-tropical cyclone."
  
  
  Read More
• Exxon Reportedly in Advanced Talks to Buy Pioneer Natural Resources
  Exxon Mobil is in advanced talks to acquire ...
  Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a $60 billion deal that would reshape the Permian Basin landscape, people familiar with the matter said on Oct. 5.
  
  The deal could just as easily fall apart, according to various media reports.
  
  If consummated, the acquisition would be Exxon's biggest since its $81 billion deal for Mobil in 1998 and would expand its footprint in one of the most lucrative regions of the U.S. oil patch.
  Read More
• BP's first landfill-to-gas facility enters service
  BP has launched its first renewable natural gas plant in Medora, Indiana, with plans to bring five more...
  BP has launched its first renewable natural gas plant in Medora, Indiana, with plans to bring five more such facilities online by the end of the year. The new plant uses a modular design and is equipped to process around 3,200 cubic feet per minute of landfill gas into renewable natural gas.
  Read More

• Prev
• Next