OklahomaMinerals.com

Snippets

• US futures waver as oil rally hits pause: Stock market news today
  Wall Street stock futures fought for gains on Thursday, struggling to shake off the downbeat mood hanging...
  Wall Street stock futures fought for gains on Thursday, struggling to shake off the downbeat mood hanging over markets despite a pullback in the oil rally, as investors waited for an update on US economic growth.
  
  Futures on the S&P 500 (^GSPC) futures and the Dow Jones Industrial Average (^DJI) traded slightly above the flatline, while those on the tech-heavy Nasdaq 100 (^NDX) were broadly unchanged.
  
  Oil prices pulled back on Thursday, as West Texas Intermediate futures (CL=F) fell to $93.50 a barrel after topping $95 earlier in the morning. Brent crude futures (BZ=F) were down 0.5% at $96.09, having neared $97.
  Read More
• Oil prices finish at highest level in a year
  Benchmark U.S. crude oil for November delivery...
  Benchmark U.S. crude oil for November delivery rose $3.29 to $93.68 a barrel Wednesday. Brent crude for November delivery rose $2.59 to $96.55 a barrel.
  
  Wholesale gasoline for October delivery rose 4 cents to $2.60 a gallon. October heating oil rose 9 cents to $3.31 a gallon. October natural gas rose 10 cents to $2.76 per 1,000 cubic feet.
  
  
  Read More
• S&P 500 ekes out gain as oil climbs, Treasury yields punch higher
  U.S. stocks ended mostly higher on Wednesday in a choppy session...
  U.S. stocks ended mostly higher on Wednesday in a choppy session that saw major equity gauges swing between gains and losses. The Dow Jones Industrial Average DJIA ended 68 points lower, or 0.2%, finishing near 33,550, according to preliminary FactSet data. The S&P 500 Index SPX eked out a less than 0.1% gain, even though its energy segment rose 2.5%, while the Nasdaq Composite Index COMP gained 0.2%. Stocks have been under pressure as Treasury yields punch higher and investors gauge if the Federal Reserve will make good on its revised forecast to keep interest rates higher for longer than earlier anticipated.
  Read More
• Natural gas inventory - How Much is Left?
  A new report found multiple decades of natural gas resources across North America that can break...
  A new report found multiple decades of natural gas resources across North America that can break even below at a $3/MMBtu Henry Hub price.
  
  Some of the cheapest locations for gas are in Appalachia’s Marcellus and Canada’s Montney Shales. The Marcellus and Montney make up more than 80% of the locations with breakevens below $2.75/MMBtu Henry Hub.
  
  The Haynesville Shale accounts for a quarter of the locations that break even between $2.75/MMBtu and $3/MMBtu.
  
  Enverus estimates that only four years of gas drilling locations with sub-$2.75/MMBtu Henry Hub breakevens remain in the Haynesville, the Eagle Ford, and the Midcontinent.
  Read More
• LM Energy Sells New Mexico Oil Gathering Assets
  LM Energy Holdings LLC entered definitive agreements to sell subsidiaries and assets...
  LM Energy Holdings LLC entered definitive agreements to sell subsidiaries and assets related to its Touchdown Crude Oil Gathering System in Eddy and Lea counties, New Mexico. The buyer of the assets and financial details were not disclosed.
  
  LM’s crude oil gathering assets include more than 130 miles of pipelines and two terminals with 136,000 bbl of storage capacity. The company began development in 2019 and has grown volumes to approximately 75,000 bbl/d.
  Read More

• Prev
• Next