Houston oilfield services company Baker Hughes reported Friday its weekly rig count report. The overall US Rig count fell while U.S. energy...
The second quarter of the year has seen abundant activity at the intersection of the energy industry and the law. These are...
FORT WORT – A Tarrant County judge has rejected efforts by Chesapeake Exploration and Total E&P USA to dismiss claims in multidistrict...
The Denver Business Journal is reporting that the management team of Denver’s FourPoint Energy has raised another fund of more than $800 million under LongPoint...
Reading has been one of my favorite pastimes since I was a kid. Reading is a great way to exercise your brain and...
Energy dominance carries its own backlash, it turns out. Ground zero is the Permian basin in west Texas, where oil production has run...
Houston oilfield services company Baker Hughes reported Friday its weekly rig count report. The Permian basin saw the biggest increase in the...
Two private E&P giants are joining forces to form a pure-play Midland Basin company with more than 70,000 acres in the basin’s...
Midstates Petroleum Company, Inc. today announced the closing of the previously announced sale of its Anadarko Basin producing properties located in the...
U.S. oil rig count little changed amid mixed report of inventories, record production The total number of active drilling rigs in the United...
Benchmark U.S. crude oil for March delivery fell $1.97 to $75.85 per barrel Wednesday. Brent crude for March delivery fell $1.16 to $81.71 per barrel.
Wholesale gasoline for February delivery fell 8 cents to $2.18 a gallon. February heating oil was unchanged at $2.81 a gallon. March natural gas rose 2 cents to $2.10 per 1,000 cubic feet.
The energy sector is off to a lower start, pressured by weakness in the crude complex and the major equity futures which dropped amid lackluster AI forecasts from mega-cap tech companies. In company news, Phillips 66 released fourth-quarter results of $1.3 billion or $2.86 per share; adjusted earnings of $1.4 billion or $3.09 per share; $2.2 billion of operating cash flow, and $1.6 billion returned to shareholders through dividends and share repurchases. Hess reported net income of $413 million, or $1.34 per share, in the fourth quarter of 2023. A couple of rating changes were made by Seaport Research Partners in U.S E&Ps, and by TPH Energy Research in MLPs & pipelines.
WTI and Brent crude oil futures slid 1% this morning, giving back most of yesterday’s gains on demand concerns as investors digested China’s manufacturing activity which contracted for the fourth consecutive month in January. Oil forecasts such as OPEC’s, expect China to aid in oil demand growth in 2024, however, traders are jittery amid the latest signs of a struggling economy.
Natural gas futures are higher on storage estimates which point to a higher-than-average draw, despite forecasts for warmer temperatures. Consensus is looking for a draw of (202) Bcf vs the 5-yr average of (185) Bcf. This comes following last week’s reported storage draw of (326) Bcf, the third-largest pull-on record.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
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 Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Have your oil & gas questions answered by industry experts.