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...
Denver (Platts)–29 May 2018 – Drilling permits in Oklahoma’s SCOOP/STACK plays have gone underutilized so far this year compared to recent history,...
Jericho Oil Corporation (“Jericho”) (TSX-V:JCO) (OTC PINK:JROOF) is pleased to provide an update regarding its ongoing participation in its joint venture in...
Kimbell Royalty Partners has agreed to acquire the mineral and royalty interests held by Haymaker Minerals & Royalties and Haymaker Resources in a transaction valued at approximately...
UPDATED 6.5.18 – new regulatory filings just to the northwest of these minerals, with spacing and poolings filed by Calyx Energy in...
Pony Oil, LLC announced this morning that it has acquired a mineral and royalty package of 2,018 Net Royalty Acres across Glasscock County,...
(Wednesday market close) Major U.S. equity benchmarks ended lower late Wednesday, retreating sharply to erase initial gains as investors appeared keen to lock in some profits from the market's recent rally ahead of the three-day holiday weekend. The Dow Jones Industrial Average® (DJI) touched another record high early in the session but ended with its first loss in 10 days.
The late sell-off didn't appear to be triggered by any piece of news, though disappointing quarterly results from FedEx (FDX) late Tuesday sent the shipping giant's shares tumbling 12%, weighing on the transportation industry and raising some potential red flags over the economy.
The energy sector is starting higher, supported by strength in the underlying commodities. Meanwhile, the major market futures are lower as the year-end rally takes a breather.
WTI and Brent crude oil futures are higher in early trading, on pace for their third-straight session of gains as the focus shifts back to supply woes amid ongoing tensions in the Red Sea and the Middle East. Earlier today, Greece advised commercial ships sailing the Red Sea and the Gulf of Aden to avoid Yemeni waters. Greek ship owners control approximately 20% of the world’s commercial vessels in carrying capacity. Investors will also look to the EIA data later today after last night’s API report showed a surprise build of 939K barrels last week. Analysts are expecting the government data to show a 2.2mm barrel draw.
Natural gas futures are higher, tracking gains in the crude complex but gains are capped ahead of the EIA weekly storage report.
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...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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