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...
Dom DiFurio, Dallas Morning News – Pioneer Natural Resources laid off 230 employees Tuesday as the Irving-based driller works to cut $100...
Red Wolf Natural Resources, LLC (“Red Wolf”), a newly formed oil and gas exploration and production company, today announced it has acquired...
Over 10 years ago, in 2008, the natural gas-heavy San Juan, centered around the town of Farmington, was the hot oil and...
Michel Thomas Halbouty (21 June 1909 in Beaumont, Texas – 6 November 2004 in Houston, Texas) was an American geologist, petroleum engineer, and wildcatter. Credited with discovering more than...
NEW YORK (Reuters) – U.S. oil output from seven major shale formations is expected to rise by about 83,000 barrels per day...
(Reuters) - Crude oil futures were little changed on Friday on mixed U.S. economic and tariff news and worries about oil supplies following the European Union's latest sanctions against Russia for its war in Ukraine.
Brent crude futures fell 24 cents, or 0.3%, to settle at $69.28 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 20 cents, or 0.3%, to end at $67.34.
That put both crude benchmarks down about 2% for the week.
In Europe, the EU reached an agreement on an 18th sanctions package against Russia over its war in Ukraine, which includes measures aimed at dealing further blows to Russia's oil and energy industries.
"New sanctions on Russian oil from the U.S. and Europe this week were met by a muted market reaction," analysts at Capital Economics said in a note. "This is a reflection of investors doubting President Trump will follow through with his threats, and a belief that new European sanctions will be no more effective than previous attempts."
The EU will also no longer import any petroleum products made from Russian crude, though the ban will not apply to imports from Norway, Britain, the U.S., Canada and Switzerland, EU diplomats said.
The U.S. stock market ended mixed on Friday, with the S&P 500 and Nasdaq Composite logging weekly gains as companies reported their latest quarterly earnings.
The Dow Jones Industrial Average fell 142.30 points on Friday to close 0.3% lower at 44,342.19.
The S&P 500 slipped 0.57 point, or less than 0.1%, to finish nearly flat at 6,296.79.
The Nasdaq Composite rose 10.01 points, eking out a gain of less than 0.1% to notch a fresh record high at 20,895.66.
Big Tech stocks mostly rose on Friday, but the S&P 500's 11 sectors ended the trading session mixed. Investors continued to monitor tariff-related risks, with consumer-price-index data released earlier this week showing some early signs of inflationary pressures from tariffs.
The S&P 500 finished Friday just shy of its all-time high on Thursday, with a weekly gain of 0.6%, according to Dow Jones Market Data. The technology-heavy Nasdaq climbed 1.5% on the week, after rising for a fifth straight day. The Dow had a slight weekly loss of 0.1%, booking back-to-back weekly losses.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
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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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