Adrian Hedden, Carlsbad Current-Argus—Residents have two weeks to file comments on the federal BLM’s February 2020 sale of leases of New Mexico...
John Kemp – Reuters– By early last week, hedge funds had become the most bearish toward oil prices since the start of...
Oklahoma State University has announced that a conference table used daily by the late legendary philanthropist T. Boone Pickens will be lent...
Reuters – U.S. shale producer Parsley Energy Inc on Monday agreed to buy smaller peer Jagged Peak Energy Inc in an all-stock...
The Journal Record – Thanks in large part to the unprecedented success of Oklahoma’s natural gas producers, the United States is set...
By Kelly Gilblom – Bloomberg – When BP Plc announced its historic exit from Alaska, Chief Executive Officer Bob Dudley pointed to...
Forbes – Jude Clemente – Ever since the U.S. shale revolution took flight in 2008, it’s been a consistent theme: not just...
By Jennifer Hiller, Reuters – MIDLAND, Texas––Chevron Corp. is turning to joint ventures and drilling alliances in its bid to dominate the...
By Associated Press – New York Post—Employee activism and outside pressure have pushed big tech companies like Amazon, Microsoft and Google into...
CNBC—The Trump administration and the U.S. Environmental Protection Agency may be weakening methane emissions rules for natural gas producers affecting private and public lands,...
Benchmark U.S. crude oil for March delivery fell $1.97 to $75.85 per barrel Wednesday. Brent crude for March delivery fell $1.16 to $81.71 per barrel.
Wholesale gasoline for February delivery fell 8 cents to $2.18 a gallon. February heating oil was unchanged at $2.81 a gallon. March natural gas rose 2 cents to $2.10 per 1,000 cubic feet.
The energy sector is off to a lower start, pressured by weakness in the crude complex and the major equity futures which dropped amid lackluster AI forecasts from mega-cap tech companies. In company news, Phillips 66 released fourth-quarter results of $1.3 billion or $2.86 per share; adjusted earnings of $1.4 billion or $3.09 per share; $2.2 billion of operating cash flow, and $1.6 billion returned to shareholders through dividends and share repurchases. Hess reported net income of $413 million, or $1.34 per share, in the fourth quarter of 2023. A couple of rating changes were made by Seaport Research Partners in U.S E&Ps, and by TPH Energy Research in MLPs & pipelines.
WTI and Brent crude oil futures slid 1% this morning, giving back most of yesterday’s gains on demand concerns as investors digested China’s manufacturing activity which contracted for the fourth consecutive month in January. Oil forecasts such as OPEC’s, expect China to aid in oil demand growth in 2024, however, traders are jittery amid the latest signs of a struggling economy.
Natural gas futures are higher on storage estimates which point to a higher-than-average draw, despite forecasts for warmer temperatures. Consensus is looking for a draw of (202) Bcf vs the 5-yr average of (185) Bcf. This comes following last week’s reported storage draw of (326) Bcf, the third-largest pull-on record.
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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