(Bloomberg) — Matador Resources Co. was the anonymous purchaser of drilling rights in the Permian shale that fetched a record $95,001 per...
Oseberg.io reported this week that Stone Oak Operating, LLC acquired more than 100 wells from Tapstone Energy in Northwest Oklahoma (particularly Beaver, Ellis, and Harper county)....
OKLAHOMA CITY, Sept. 10, 2018 /PRNewswire/ — SandRidge Energy, Inc. (the “Company”) (NYSE: SD) announced today that it has concluded its formal strategic review process...
The wild tale of America’s energy revolution, and the cowboy who made and lost billions on shale.
(Bloomberg) — The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an...
Stay updated on oil and gas stories, prices and the weekly rig count. Sign up for our Weekly Newsletter HERE. U.S. benchmark...
Argus Media is reporting that US independent producers are stepping up hedging of oil and natural gas production as a safety net...
U.S. oil and gas companies are beginning to open their wallets wider given higher commodity prices. According to a report out last week from...
LONDON (Reuters) – Oil prices rose on Monday, supported by concerns that falling output from Iran will tighten markets once U.S. sanctions...
Stay updated on oil and gas stories, prices and the weekly rig count. Sign up for our Weekly Newsletter HERE. The US...
Americans this weekend are likely to pay the lowest gas prices at the pump on the Labor Day holiday since the pandemic, thanks in part to Wall Street bracing for a sharp slowdown in travel this fall.
While summer’s end typically coincides with a pullback in travel, this year has been complicated by foiled U.S. efforts to squash the flow of crude from Russia, contributing to the first monthly drop in oil prices since April.
Against that backdrop, GasBuddy said earlier this week that it expects gas prices on the last summer holiday weekend of this year to average $3.15 a gallon. That would be the lowest Labor Day price at the pump since 2020, it noted.
“When it comes to gas prices, it’s been the cheapest summer to hit the road since the pandemic, a trend that will likely continue with the potential for the national average to fall below $3 per gallon this fall,” said Patrick De Haan, head of petroleum analysis at GasBuddy, in a press release.
The U.S. stock market closed lower Friday, weighed down by Big Tech as all three major benchmarks saw weekly losses but still finished August with monthly gains.
The Dow Jones Industrial Average retreated 92.02 points on Friday, or 0.2%, to close at 45,544.88.
The S&P 500 fell 41.60 points, 0.6%, to end at 6,460.26.
The Nasdaq Composite dropped 249.61 points, or a sharp 1.1%, to finish at 21,455.55.
The big event on the U.S. economic calendar Friday was the fresh inflation data from the personal-consumption-expenditures price index, which was in line with Wall Street’s expectations.
“There’s no new justification” for the stock market’s selloff on Friday, except for maybe investors wanted to dodge September as the historically worst month for returns, said José Torres, senior economist at Interactive Brokers, in emailed comments. On the last trading day of August, investors were “grabbing profits,” following the S&P 500’s rally so far this year, he said.
The S&P 500 has rallied 9.8% in 2025, including an August gain of 1.9%. The Dow climbed 3.2% in August while the tech-heavy Nasdaq finished with a monthly gain of 1.6%. The U.S. stock market will be closed on Monday in honor of Labor Day.
By Michael Kern for Oilprice.com | TotalEnergies, along with its partners QatarEnergy and the national...
Source: EIA | Between 2020 and 2024, total crude oil and lease condensate production...
Canadian midstream operator Enbridge has approved final investment decisions on two new gas transmission...
Ian M. Stevenson | EENews.net | Falling royalty rates for oil and gas production...
By Felicity Bradstock for Oilprice.com | Following the massive growth in global renewable energy...
Targa Resources Corp. has launched a non-binding open season for its proposed Forza Pipeline...
Diversified Energy Company Plc has announced a $550 million acquisition of Canvas Energy, a...
Reporting by Gavin Maguire | (Reuters) – U.S. power developers are planning to sharply...
Authored by Jill McLaughlin via The Epoch Times, | California regulators fearing a dramatic...
The U.S. oil and gas industry is entering a period of retrenchment, marked by...
Data centers across the United States are increasingly grappling with one of the most...
[energyintel.com] A data center boom in the US is straining the grid and pushing...
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