Helium – BY RON DUNGAN -SIERRA – The high desert of northern Arizona was once a tropical forest, home to large animals with...
Jordan Blum – Houston Chronicle –The nation’s biggest energy players, Exxon Mobil and Chevron, are emerging as the biggest competitors in the...
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EDDY COUNTY, NEW MEXICO (Reuters) – In New Mexico’s Chihuahuan Desert, oil major Exxon Mobil Corp is building a massive shale oil...
By Will Anderson – Managing Editor, Austin Business Journal | Bud Brigham, who has sold two oil companies this decade for a combined $6.8 billion,...
By Rob Ruth – The Argus Observer – – PAYETTE COUNTY — A class action suit filed in Payette County challenges gas...
In the last two months of 2018, the U.S. Gulf Coast exported more crude oil than it imported. Monthly net trade of...
U.S. natural gas production rose 11% or by 10 billion cubic feet per day in 2018, from 2017, and the growth was...
NEW YORK/HOUSTON (Reuters) – Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading...
ALBUQUERQUE JOURNAL – Southeastern New Mexico is riding a monster wave of oil production, with output flooding into a record of nearly...
Chesapeake posted a quarterly profit of $1.24 billion, or $8.27 a share, compared with a loss of $439 million, or $4.48 per share, a year ago.
Coterra's profit was $1.23 billion, or $1.53 a share, compared with earnings of $30 million, or 8 cents per share, a year ago.
Pioneer earned $2.4 billion during the quarter, up from $380 million last year.
The energy sector is off to a higher start, supported by strength in the underlying commodities and the broader markets. The major market futures have regained ground and are pointing to a higher start as comments from the Federal Reserve hinted a “soft landing” can be achieved and a recession may be avoided.
WTI and Brent crude oil futures have recovered earlier losses and are trading up as OPEC+ is set for a small output increase, despite a call from U.S. President Joe Biden for a meaningful supply boost. Ministers for members of OPEC+ announced they are set to agree on a small output increase of 1000,000 barrels per day. Kazakhstan’s Energy Minister Akchulakov said the group may have to raise production to avoid the market from overheating. Ahead of the meeting, OPEC+ trimmed its forecast for the oil market surplus this year by 200,000 BPD to 800,000 BPD. Data released from the API which showed U.S. crude stocks rose by 2.2mln barrels last week has also provided support to oil futures.
Natural gas futures rose this morning on forecasts for more demand in the next two weeks than previously expected.
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
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,...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
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