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...
Oil could fall below $20 a barrel and “stock markets could easily shed another 30-40% of their values,” one analyst said. The...
Reuters – For the last five years, U.S. shale oil producers have been battling suppliers for lower costs and running equipment and...
Midland Reporter-Telegram – Two more Houston energy companies slashed spending and dividends Thursday after oil prices crashed earlier this week. Apache Corp....
CNBC – Oil dropped as much as 8% on Thursday as crude continues to take a hit on both the supply and...
By: Jack Money The Oklahoman – Pandemic fears and a global energy war are poised to wreak havoc on Oklahoma’s oil and...
Energy stocks opened the session higher on escalating tensions in the Red Sea, as an oil tanker was seized off the coast of Oman and diverted by armed Houthi rebels this morning, which boosted oil prices. Broader equities were set to rise, though the 8:30 AM ET release of December CPI data showed inflation remains persistent, as consumer prices rose 0.3%, pushing the annual rate to +3.4%.
Oil prices rose on Thursday after an oil tanker was boarded by an armed group in Oman, raising the prospect of escalating conflict in the Middle East. The United Kingdom Maritime Trade Operations Authority received a report on Thursday that a vessel about 50 nautical miles east of Oman's coast was boarded by four to five armed individuals. "Slowing demand, unrest in the Middle East and muted price reaction have producers, consumers, and market participants alike feeling paranoid about oil prices," Barclays said on Thursday as the bank lowered its 2024 Brent forecast by $8 to $85 a barrel.
Natural gas futures are lower by ~1% ahead of weekly inventory data. Analysts expect a draw of 119 bcf.
Chesapeake Energy and Southwestern Energy have entered into an all-stock merger agreement transaction valued at $7.4 billion, or $6.69 per share, based on Chesapeake's closing price on Jan. 10, 2024, the companies said on Jan. 11.
The deal would create the U.S.’ largest natural gas producer, but, it is almost certain to face intense scrutiny as a wave of consolidations, largely oil-focused, has already raised the hackles of some Congressional Democrats.
The deal unites Chesapeake and Southwestern’s Appalachia and Haynesville portfolios into a pro forma company with an average net production of approximately 7.9 Bcfe/d. The company would have over 5,000 gross locations and 15 years of inventory.
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...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
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...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
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