OklahomaMinerals.com

Snippets

• US drillers add most oil and gas rigs since November
  U.S....

  U.S. energy firms this week added the most oil and natural gas rigs in a week since November, rising for a second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday.

  
  

  The total oil and gas rig count, an early indicator of future output, rose nine to 641 in the week to Sept. 15, its highest since mid-August.  Despite this week’s rig increase, Baker Hughes said the total count was still down 122, or 16%, below this time last year.

  
  

  U.S. oil rigs rose by two, the most in a week since April, to 515, while gas rigs gained eight to 121.

  
  
  Read More
• Oil producers go the extra mile in the US shale patch
  US oil companies...
  US oil companies are pushing technological boundaries by drilling horizontal wells more than three miles in length in search of untapped oil reserves, particularly in the Permian Basin, where the use of this technique is set to double by 2024, according to Rystad Energy. This approach promises improved productivity and access to previously unreachable oil resources, but its elevated operational risks, substantial costs, and concerns about long-term effectiveness suggest that only the largest players are primed to reap the potential benefits.
  Read More
• Closing Oil & Gas Prices for Friday
  Benchmark U.S. crude oil for October delivery...
  Benchmark U.S. crude oil for October delivery rose 61 cents to $90.77 a barrel Friday. Brent crude for November delivery rose 23 cents to $93.93 a barrel.
  
  Wholesale gasoline for October delivery fell 3 cents to $2.71 a gallon. October heating oil fell 10 cents to $3.38 a gallon. October natural gas fell 7 cents to $2.64 per 1,000 cubic feet.
  
  
  Read More
• Friday's stock decline ahead of Fed erases S&P 500's weekly gain
  Stocks ended lower Friday as investors assessed the start of a United Auto Workers strike against Ford ...
  Stocks ended lower Friday as investors assessed the start of a United Auto Workers strike against Ford F, -0.08%, General Motors GM, +0.86% and Stellantis STLA, +2.18% and awaited next week’s Fed decision. The Dow Jones Industrial Average DJIA declined nearly 290 points, or 0.8%, to close near 34,619, according to preliminary data. The S&P 500 SPX shed 0.8% and the Nasdaq Composite COMP slid 1.6%. The declines left the Dow with a weekly gain of 0.1%, while dragging the S&P 500 to a 0.2% drop and leaving the Nasdaq down 0.4%.
  Read More
• Amazon backs Occidental Petroleum's DAC plans
  Occidental Petroleum's direct air capture development efforts...
  Occidental Petroleum's direct air capture development efforts have received a boost from Amazon, which this week agreed to buy credits tied to the removal of 275,500 short tons of carbon dioxide over 10 years from Oxy subsidiary 1PointFive's Stratos DAC plant, under construction in Ector County, Texas. The facility, the first of five planned in Texas and Louisiana, will have an initial carbon capture capacity of 551,000 short tons per year when it begins operations in 2025.
  Read More

• Prev
• Next