By Jordan Blum – Houston Chronicle –Canada’s Encana Corp. bought The Woodlands-based Newfield Exploration earlier this year, and now Encana will sell...
WSJ – By Bradley Olson Updated July 4, 2019— Two years ago, Encana Corp. unveiled a supersize fracking operation that many said would...
By Katherine Dunn – Fortune – When the U.S. and Russia go head to head, that can mean cheaper prices—at least when it...
By James Jang – Energent – For the many analysts and investors who monitor the energy sector activity, drilled-but-uncompleted well (DUC’s) counts are an...
By Stephanie Moser Goins – Ball Morse Lowe, PLLC. – In a previous post, we discussed H.R. 2606, the bill that amends the...
Reuters, via CNBC ~ Billionaire investor Carl Icahn on Wednesday, ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum...
By Tim Carpenter, The Hutchinson News ~ EUDORA — Judith Wells brought her car to a slow crawl on a gravel road...
By Jerry Bohnen, OKEnergytoday.com ~ A 40-year old former top landman for SandRidge Energy, Inc. drew a 21-month prison sentence in Oklahoma...
Chisholm Oil and Gas, LLC (“Chisholm”) of Tulsa, Oklahoma and Gastar Exploration LLC (“Gastar”) of Houston, Texas announced today that they have...
Reuters – David French It promised to be the next great shale play, but an oil-and-gas-rich area of central and south Oklahoma...
WTI crude oil July futures climbed 3 cents to $74.87 per barrel on Wednesday after rising to as high as $76 earlier in the session, while Brent Crude for August delivery closed down 24 cents, at $76.21 per barrel, trading as high as $77.43 during the session.
The Dow Jones Industrial Average gave up an almost 300-point gain to end lower, while the S&P 500 closed flat, on Wednesday after the Federal Reserve left interest rates unchanged and raised its inflation outlook for the year.
The Dow fell 44.14 points, or 0.1%, to close at 42,171.66, after losing a 294.27-point gain that sent it to a session high of 42,510.07 earlier in the day, based on preliminary data. Wednesday's closing level is the lowest since May 28.
The S&P 500 fell less than 2 points to finish flat at 5,980.87.
The Nasdaq Composite advanced 25.18 points, or 0.1%, to end at 19,546.27.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell sharply, by 10.133 million barrels in the week ending June 13 after analysts had estimated a 600,000-barrel draw. The API reported a 337,000 barrel inventory decrease in the prior week.
In a post on Truth Social, Trump wrote that the US knows where Iranian leader Ayatollah Ali Khamenei is “hiding,” calling him an “easy target” but saying he will not be killed, “at least not for now.” He also demanded Iran’s “unconditional surrender” as it traded airstrikes with Israel for the fifth day. Trump’s escalating rhetoric came as the US moved more warships into the Middle East in what officials said was a defensive position. The president also posted, “We now have complete and total control of the skies over Iran,” but it was unclear if that meant the US was directly involved in the conflict. Trump is reportedly weighing using US military assets to strike Iran.
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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