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• Texas landowners seek reroute of Matterhorn pipeline
  Residents in Florence, Texas, are challenging the construction of the Matterhorn Express Pipeline through...
  Residents in Florence, Texas, are challenging the construction of the Matterhorn Express Pipeline through their land, citing safety hazards and property devaluation concerns. Legal action has been initiated to compel the pipeline company to reconsider its route from West Texas to Katy near Houston.
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• Gas drillers enjoying success in the Haynesville
  Dallas-based Aethon Energy has expanded its Haynesville Shale operations in eastern Robertson County,...
  Dallas-based Aethon Energy has expanded its Haynesville Shale operations in eastern Robertson County, Texas, adding two new wells that have shown promising production rates. Meanwhile, Comstock Resources' ongoing exploration activities in the far western Haynesville play continue to bear fruit, with seven operational wells collectively producing over 200 MMcf/d in November.
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• Closing Oil and Gas Prices
  Benchmark U.S. crude oil for March delivery ...
  Benchmark U.S. crude oil for March delivery rose 53 cents to $73.31 per barrel Tuesday. Brent crude for April delivery rose 60 cents to $78.59 per barrel.
  
  Wholesale gasoline for March delivery rose 1 cent to $2.22 a gallon. March heating oil rose 2 cents to $2.74 a gallon. March natural gas fell 7 cents to $2.07 per 1,000 cubic feet.
  
  
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• Stocks end higher as investors digest company earnings, Fed officials' comments
  (Tuesday market close) U.S. equity indexes ended little...
  (Tuesday market close) U.S. equity indexes ended little changed Tuesday as investors absorbed another heavy serving of corporate earnings reports and waited for speeches from two Federal Reserve leaders that may offer some clues to the path of interest rates.
  
  Fed governors Adriana Kugler and Michelle Bowman are scheduled to speak at separate events Wednesday, just a few days after the central bank's Fed Chair Jerome Powell expressed caution over "moving too soon" on rate cuts in an interview on "60 Minutes." Treasury yields eased slightly from a sharp upswing Monday but remained near highs for the year, reflecting scaled-back expectations for Fed rate cuts.
  
  Here's where the major benchmarks ended:
  

  
  
  • The S&P 500 index^® (SPX) rose 11.42 points (0.2%) to 4,954.23; the Dow Jones Industrial Average^® (DJI) gained 141.24 points (0.4%) to 38,521.36; the Nasdaq Composite^® (COMP) added 11.32 points (0.1%) to 15,609.00.
  
  
  • The 10-year Treasury note yield (TNX) fell about 7 basis points to 4.089%.
  
  
  • The CboeVolatility Index^® (VIX) dropped 0.60 to 13.07.
  
  
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• California Deluge
  A second atmospheric river...
  A second atmospheric river in four days has brought record rains to southern California since it pushed inland late Sunday and Monday, knocking out power to over a million households and killing at least three people from downed trees. Some areas of the state saw more rain in one day than is seen in an average year (see map).
  
  Many areas in the greater Los Angeles area received 4 to 6 inches yesterday—with some areas seeing over 10—and mandatory evacuations were called in Santa Barbara and Ventura counties for part of the day. The storm also disrupted ski resorts across the Sierra Nevada after dropping several feet of snow, where more precipitation is expected through midweek. 
  
  Winter atmospheric rivers historically bring close to half of the West Coast's annual precipitation (see explainer). Track the storm's forecast here.
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