By Jordan Volino, Contributor – With the advent of horizontal drilling and the ability to stack lateral wells, it is becoming increasingly...
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...
U.S. stocks closed lower Friday, with major indexes booking weekly losses as investors appeared concerned that President Donald Trump will announce reciprocal tariffs next week.
The Dow Jones Industrial Average fell 444.23 points Friday, or 1%, to close at 44,303.40.
The S&P 500 dropped 57.58 points, or 0.9%, to finish at 6,025.99.
The Nasdaq Composite shed 268.59 points, or 1.4%, to end at 19,523.40.
Beyond anticipated developments on the tariff front, investors also weighed on Friday a consumer-sentiment survey showing a jump in inflation expectations in the next year. Interest rates in the bond market climbed Friday, with the yield on the 10-year Treasury note rising 4.6 basis points to 4.483%, according to Dow Jones Market Data.
All three major U.S. equities benchmarks had weekly losses, with the Dow falling 0.5%, the S&P 500 shedding 0.2% and the Nasdaq retreating 0.5%.
Last week, Mach closed Jan. 31 on its $29.8 million purchase of oil and gas assets—the so-called Flycatcher assets—located near the Ardmore Basins assets Mach bought last year. The effective date is Oct. 1, 2024.
The Flycatcher acquisition includes total proved reserves of 9.6 MMBoe with total PV-10 of $67.3 million as of Dec. 31 based on strip pricing as of Jan. 15; based on Securities and Exchange Commission pricing, the total proved reserves were recorded at 9.6 MMBoe as of Dec. 31 with total PV-10 of $63.6 million.
The total proved reserves mix is 60% liquids and 40% natural gas. The acquisition boosted Mach’s total leasehold and mineral acreage to 1,046,662 net acres.
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
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...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
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