The SCOOP (South Central Oklahoma Oil Province), like the STACK, lies in the Anadarko Basin, adjacent to and southeast of the popular...
For Marathon Oil, the primary focus in Oklahoma has been delineation and leasehold protection in the Meramec play in the STACK and...
HOUSTON–(BUSINESS WIRE)–Aug 20, 2018–Post Oak Energy Capital, LP (“Post Oak”), through investment partnerships it manages, today announced that it led a $100...
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Diamondback Energy Inc. said Aug. 14 it will create a Permian powerhouse with the acquisition of Energen Corp. in an all-stock transaction...
The Midland oil producer Diamondback Energy said it will pay $1.2 billion for the assets of a Permian Basin-focused Houston startup. Diamondback...
As the United Kingdom fought for its survival during World Way II, a team of American oil drillers, derrickmen, roustabouts and motormen...
AUTHOR: Range Resources Vice President of Drilling, Don Robinson as reported in the Journal of Petroleum Technology, August 2018. In early 2018, with...
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Kimbell Royalty Partners, LP reported Q2 EPS after closing the Haymaker acquisition in July.
Warren E. Buffett has been at the forefront of American capitalism for decades as the chief executive of Berkshire Hathaway, the conglomerate he built into a $1.1 trillion colossus.
By the end of the year, he is preparing to give up that role.
Mr. Buffett said at the company’s annual shareholder meeting on Saturday that he plans to ask Berkshire’s board to approve making Gregory Abel, his heir apparent, the chief executive by the end of the year.
Mr. Buffett, 94, told the tens of thousands of Berkshire shareholders at the meeting in Omaha that Mr. Abel would have “the final word” regarding the company's operations, investments, and other matters.
However, Mr. Buffett added that he “would still hang around and conceivably be useful in a few cases.” He will remain chairman of Berkshire—turning that role over to his son Howard Buffett upon his death—and remains the single biggest shareholder in Berkshire, with a roughly 14 percent stake worth about $164 billion.
OPEC+ stunned the oil market last month with a 411K bbl/day May production hike that was triple the amount originally planned. The cartel is apparently trying to discipline over-producing members such as Kazakhstan by driving down prices, and Bloomberg reported that it is considering doing the same again next month.
Goldman Sachs expects OPEC+ to announce a 410K bbl/day supply increase for June, citing modest compliance from Kazakhstan, lower-than-expected OECD inventories, and Saudi Arabia's ability to handle lower oil prices.
The bank also maintained its oil price forecast, expecting Brent crude to average $63/bbl and WTI crude at $59/bbl for the rest of 2025, with prices sliding further in 2026 to $58 for Brent and $55 for WTI, and that a global slowdown or a complete reversal of the 2.2M bbl/day of voluntary OPEC+ cuts could push Brent prices into the $40s next year.
The U.S. stock market ended sharply higher Friday, with the S&P 500’s rally erasing its losses after President Donald Trump announced sweeping tariffs on April 2.
The S&P 500 climbed 82.53 points on Friday, or 1.5%, to close at 5,686.67.
The Dow Jones Industrial Average climbed 564.47 points, or 1.4%, to finish at 41,317.43.
The Nasdaq Composite jumped 266.99 points, or 1.5%, to end at 17,977.73
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President Donald Trump’s latest legislative push, known as the “One Big Beautiful Bill,” marks...
WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
Oklahoma’s largest oil and gas operators are lining up to claim a new $50...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
By Felicity Bradstock for Oilprice.com| Many countries need to invest heavily in upgrading their...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
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