Oil prices have fallen sharply in November, but natural gas’ rise has been even more striking with prices for the heating fuel...
OKLAHOMA CITY, Nov. 13, 2018 (GLOBE NEWSWIRE) — Chaparral Energy, Inc. (NYSE: CHAP) today announced its third quarter 2018 financial and operational...
Jordan Blum, Houston Chronicle – “Shrink to grow” is a cliche that often results in just shinking a company, but if any...
Source: U.S. Energy Information Administration, U.S. Oil and Natural Gas Wells by Production Rate Note: Annual production estimates shown here are based on data...
Raymond Plank, former bomber pilot who watched from the air as a mushroom cloud formed over Nagasaki dies at 96. By Harrison...
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Peregrine Energy continues to drive value with latest acquisition in the historic Tinsley Field. DENVER, COLORADO, UNITED_STATES, November 7, 2018 — Peregrine...
OKLAHOMA CITY, Nov. 5, 2018- PANHANDLE OIL AND GAS INC.(NYSE: PHX) today reported that it has entered into a definitive agreement to...
A well operated by Roan Resources, LLC in township 9N-5W of Grady County, Oklahoma has been permanently shut down after an earthquake...
Houston oilfield services company Baker Hughes reported Friday its weekly rig count report. The U.S. oil drilling rig count declined this week...
Kinder Morgan is expanding its Gulf Coast Express Pipeline, investing $455 million to increase natural gas deliveries from the Permian Basin to South Texas by 570 million cubic feet per day by mid-2026. This decision comes after securing long-term transportation agreements.
Additionally, Kinder Morgan is undertaking several other natural gas infrastructure projects in the southern U.S., including:
South System Expansion 4: A $3 billion project to increase South Line capacity by 1.2 billion cubic feet.
South Texas to Houston Market expansion: A $154 million project to add 500 million cubic feet per day capacity.
Evangeline Pass project: A $670 million project to enhance systems in Mississippi and Louisiana, delivering 2 billion cubic feet per day to a LNG facility.
These projects aim to meet the growing demand for natural gas transportation and distribution in the region.
(Reuters) - Oil futures fell on Friday, declining more than 7% on the week after data showed China's economic growth slowed and investors digested a mixed Middle East outlook.
Brent crude futures fell $1.39, or 1.87%, to $73.06 a barrel. U.S. West Texas Intermediate crude settled at$69.22 a barrel, down $1.45 or 2.05%.
Brent settled more than 7% lower this week, while WTI lost around 8%, marking their biggest weekly declines since Sept. 2, when OPEC and the International Energy Agency cut their forecasts for global oil demand in 2024 and 2025.
In China, the world's top oil importer, the economy grew at the slowest pace since early 2023 in the third quarter, though September consumption and industrial output beat forecasts.
"China is key to the demand side of the equation so that is very much weighing on prices here today," said John Kilduff, partner at Again Capital in New York.
China's refinery output declined for the sixth straight month as thin refining margins and weak fuel consumption curbed processing.
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