David Gaffen, (Reuters) The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic...
Bloomberg – The American shale industry shocked the world with its rebound after the 2014-2016 bust, setting records for output that pushed...
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Journal Record – Oklahomans who filed 17,720 initial claims for unemployment benefits last week shattered a nearly 30-year-old record. The previous record...
Reuters – Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand...
Forbes – As the domestic oil and gas industry moves into what will likely become one of the worst busts in modern...
CNBC – Oil prices rose on Tuesday on hopes that the United States will soon reach a deal on a $2 trillion coronavirus aid...
WSJ – Just weeks ago, Occidental Petroleum Corp. Chief Executive Vicki Hollub sought to reassure investors that her bold bet on U.S....
Reuters – Oil prices gave back early gains to turn negative on Friday, even as the world’s richest nations poured unprecedented aid into...
Forbes – When it rains it pours. International and domestic oil and gas markets and prices are under heavy pressure from COVID-19 impacts and...
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...
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
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