Reuters – David French It promised to be the next great shale play, but an oil-and-gas-rich area of central and south Oklahoma...
Source: U.S. Energy Information Administration Note: Vertical well production also includes wells created by directional drilling and by unknown drilling type. Tight oil volumes...
Dallas Cowboys owner Jerry Jones strengthened his company Comstock Resources Inc’s grip on one of the largest natural gas basins in the...
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By Collin Eaton, HOUSTON (Reuters)–Medium-sour crude from the U.S. Gulf of Mexico are being snapped up by overseas buyers, paving way for...
What is forced pooling? Compulsory pooling, also known as forced, statutory or mandatory pooling, forces landowners —who do not wish the mineral...
By David Wethe – (Bloomberg) — An obscure Texas company has bid $450 million to acquire the Hanging H Ranch in one...
Wall Street Journal – By Becky Yerak –White Star Petroleum LLC, founded by late oilman Aubrey McClendon, filed Tuesday for chapter 11, days...
By Marsha Breazeale – Oilpatchpress.com When the decimal on your check for a gas well does not match the decimal on the...
Tom Metcalf just penned an article this week at Bloomberg, comparing the wealth of John D. Rockefeller, the oil magnate usually considered...
U.S. stocks ended higher Tuesday, with the S&P 500 largely clawing back the previous session's tariff-induced fall, as tech stocks jumped and enthusiasm over artificial-intelligence plays was reignited.
Analysts said markets saw some relief after Trump on Monday delayed tariffs against Canada and Mexico until March 1. An additional tariff of 10% on Chinese goods drew little lasting reaction, with Beijing's response seen as symbolic and perhaps leaving room for negotiation, analysts said. Meanwhile, a report showing job openings in December fell to a nearly four-year low helped keep alive expectations for further Federal Reserve interest-rate cuts.
The Dow Jones rose 134.13 points, or 0.3%, to finish at 44,556.04.
The S&P 500 gained 43.31 points, or 0.7%, to end at 6,037.88.
The Nasdaq Composite closed at 19,654.02, up 1.4%.
The numbers: It’s gotten harder for the unemployed to find work: Job openings in the U.S. fell at the end of 2024 to the second lowest level since the end of the pandemic.
In December, job openings in the U.S. decreased to 7.6 million from 8.2 million in November, marking a significant drop from the 2022 peak of 12.2 million. This decline reflects a broader trend over the past two years where openings have decreased sporadically by over a third. Additionally, the labor market is showing signs of cooling as it now takes longer for people to find jobs after losing them, with unemployment benefits claims reaching their highest levels since 2018, excluding the pandemic years. There has also been a notable increase in the number of people unemployed for over six months. The recent job openings data suggests that the labor market may not be as robust as suggested by the job growth reported in November and December. Further insights are expected with the January employment report, which will also include revisions to last year’s job estimates, amidst speculations by some economists that these gains have been overstated.
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In a stark reminder of the volatile energy landscape and the relentless drive for...
By Irina Slav for Oilprice.com | Oil prices have been on the mend this...
by Andreas Exarheas | RigZone.com | In an EBW Analytics Group report sent to Rigzone...
CBS News | Ukraine and Russia blamed each other on Sunday for breaking the one-day Easter...
By Tsvetana Paraskova for Oilprice.com | The average price of India’s crude oil imports...
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Houston, long regarded as the epicenter of the U.S. energy industry, is currently navigating...
On April 8, 2025, the Keystone Pipeline experienced a significant rupture near Fort Ransom,...
By Georgina McCartney | (Reuters) -The U.S. upstream oil and gas M&A market is...
by Bloomberg|David Wethe, Alix Steel | Energy Secretary Chris Wright sought to reassure US...
Russia and Iran have cemented a preliminary energy pact that could dramatically reshape regional...
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