By: Mella McEwen – Midland Reporter-Telegram – For 80 years, the weekly rig count provided by the Baker Hughes service company has...
By: Jack Money – The Oklahoman – Chesapeake Energy Corp. aims to whittle down a substantial amount of crippling debt through a...
By: Ed Hirs – Forbes – When does $9 equal $40? When the alchemists in the oil patch present their numbers to...
By: Jack Money – The Oklahoman – The three-member Oklahoma Corporation Commission on Wednesday denied a request to limit the amount of...
Houston Chronicle – Most analysts predict the oil price crash that has led to steep losses, thousands of layoffs, and a growing...
By: Jack Money – The Oklahoman – Congress is being lobbied to consider economic stimulus packages for energy industry states, including Oklahoma....
By: Albert Wynn – Bloomberg Law – We put natural gas in the spotlight as the nation has begun reopening state by...
Forbes – Much has been reported about the many impacts the COVID-19 pandemic has had on the U.S. oil and gas industry,...
Forbes – Oil service companies are struggling as French giant Schlumberger announced on Wednesday that it will book a $1.4 billion charge against its...
Roger Conrad – Forbes – The whole thing took almost a year and a half from start to finish. But Atlantic Coast...
U.S. stock indexes rose after a stronger-than-expected fourth quarter 2023 U.S. GDP report, which showed economic activity grew by 3.3%, and remains robust. Energy stocks are set to follow suit, gaining on the heels of the strong GDP report, as well as on Brent crude breaking back above $80 this morning on yesterday’s large stockpile draw and still elevated tensions in the Red Sea. Earnings are continuing to pick up across the sector.
Oil prices are up this Thursday morning after data showed U.S. crude stockpiles fell more than expected last week and a fresh attack by Houthi forces on ships off Yemen's coast underscored the peril facing trade in a key global transit route. U.S. crude stockpiles tumbled by 9.2 million barrels last week, the EIA said, while analysts in a Reuters poll had expected a 2.2 million-barrel draw. The draw was driven by a stark drop in U.S. crude imports as winter weather shut-in refineries and kept motorists off the road.
Natural gas futures are higher by 5%, trading around $2.80, ahead of weekly inventory data. Analysts expect a large draw of 321 bcf, the third-largest draw of all time if realized.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
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 Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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