By: Scott Carpenter – Forbes – U.S. shale oil and gas producer Apache APA -1.4% Corporation has turned its focus to international investments after...
The Guardian – Royal Dutch Shell has reported a deep financial loss after a record writedown on the value of its oil...
By: Art Berman – Forbes – Oil production from the Bakken oil fields of North Dakota fell to a 7-year low of...
The Street – Denbury Resources (DNR) – shares rose Wednesday, after the oil and natural gas producer unveiled a prepackaged Chapter 11 bankruptcy...
By: Wood Mackenzie – Forbes – As Biden nudges ahead in the polls, the US oil and gas industry should prepare for...
By: Sergio Chapa – Houston Chronicle – Drilling rig towers may soon break the horizon of Lake Somerville, a popular reservoir 90...
CNBC – Oil and gas majors are likely to report “horrendous” second-quarter results over the next two weeks, energy analysts have told...
By: Bryan Gruley, Kevin Crowley, Rachel Adams-Heard, and David Wethe – Bloomberg – Twenty years ago, before the U.S. oil industry became...
Houston Chronicle – Banks are selling off loans and cutting credit lines to oil and gas companies to reduce their risk of...
By: Clifford Krauss – The New York Times – In the first big deal since oil prices crashed four months ago, Chevron...
Job creation bounced back in November after disruptions from storms and a major strike, reinforcing an employment picture of modest expansion over the past few months.
The economy added 227,000 jobs last month, seasonally adjusted, the Labor Department reported on Friday. Revisions to the prior two months added 56,000 jobs.
Matador (MTDR) is set to contribute its Pronto Midstream subsidiary to San Mateo Midstream, a joint venture with Five Point Energy, in a strategic move valued at approximately $600 million. The transaction involves Pronto's 45-mile natural gas gathering network in New Mexico and San Mateo's 140-mile natural gas gathering and processing assets in Texas. TD Cowen notes that the market currently undervalues these midstream assets.
Upon closing, Matador will receive around $220 million in cash from Five Point, which the company plans to use for debt reduction. The deal includes agreements for sour gas treatment in Lea County, with Pronto set to deliver sour gas to Northwind Midstream, a Five Point affiliate. TD Cowen highlighted the transaction's attractiveness, estimating a 2.4x return on invested capital and a 9x EBITDA multiple. The deal is expected to be completed before the end of the year.
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...
By Felicity Bradstock for Oilprice.com| Many countries need to invest heavily in upgrading their...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
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....
Have your oil & gas questions answered by industry experts.